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Recreational Marijuana Law and Credit Union Implications: Minnesota Department of Commerce Chief Examiner Aeton de Long-Hersh, is undertaking an extensive research process utilizing information and data where legalization has already taken place in forming the Department’s guidance as the new law is implemented.
Credit Card Late Fee Final Rule Update: The NCUA and CFPB recently announced a Unified Rulemaking Agenda listing with the final credit card late fee rule expected October 2023, among other rules in various stages of progress. CFPB ‘Open Banking’ is Coming: The CFPB later this year will propose a plan to move toward “open banking”—a system in which consumers, and not credit unions or banks, control their financial data, CFPB Director announced on June 12 in a blog post. Join us for the Minnesota Credit Union Women’s Leadership Network Summer Luncheon, in person, on July 27, from 10:30 to 1:30 at Willow Creek Golf & Event Center in Rochester.
We will continue our series on Leading through Change with a panel discussion on the external forces that impact our credit unions. Current credit union leaders will share economic and consumer trends that are affecting how their credit unions do business, with the goal of attendees leaving with a broader understanding of how those trends impact their role - at any level of the organization. Date: Thursday, July 27, 2023 Time: 10:30 AM - 1:30 PM CST Location: Willow Creek Golf & Event Center 1700 48th St. SW Rochester, MN 55902 As we return to in-person events, we are excited to also bring back an optional Give Back opportunity for attendees. We will be conducting a Sheets and Towels Drive for Rochester’s Women's Shelter and Support Center (womens-shelter.org). Please consider bringing a set of new twin sheets or new towels to donate to the shelter. Monetary donations are also welcome. Rochester’s Women’s Shelter Executive Director, Artyce Thomas, will also be in attendance to share the impact of their work in the local community. For more information about the Minnesota Credit Union Women’s Leadership Network, visit the group page online. With questions, contact Vice President of Communications and Engagement Andrea Molnau. It is hard to believe that in early 2022 the Federal Funds Rate was near zero. Fast forward to the end of 2022, and the Federal Reserve had increased interest rates 500 basis points in nine months in an effort to fight inflation which was hovering near a 40-year high. These aggressive efforts allowed many financial institutions to take advantage of rising interest rates with their margins expanding. However, as liquidity has dried up and the pressure on deposits has heated up, many have concerns about their balance sheets and overall performance. This session will examine these concerns and present strategies to better prepare your institution for the uncertainty ahead.
Highlights include:
The webinar will be available July 5. NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only. Meet the Presenter Dale Sheller, The Baker Group LP FSG Dale Sheller is an Associate Partner in the Financial Strategies Group at The Baker Group. He joined the firm in 2015 after six years as a bank examiner with the FDIC. Dale holds a bachelor’s degree in finance and a master’s degree in business administration from Oklahoma State University. He works with clients on investment portfolio strategies, interest rate risk management, liquidity risk management, and regulatory issues. Dale regularly speaks at educational seminars nationwide and serves as a faculty member for multiple banking schools. Complimentary on-demand webinar registration includes:
If you need help with anything, email [email protected] or call 406.442.2585. Join the Twin Cities Chapter of Credit Unions for the 34th Annual Best Ball Scramble Golf Tournament on Monday, August 14 at Forest Hills Golf Club. Proceeds benefiting Credit Unions For Kids and the chapter. For further details and to register online, please use the registration link.
CREW members looking to network and golf will receive a discount rate! Please register by Friday, August 4th, to ensure your golfing spot! Date: Monday, August 14 Time: 10:00 a.m. to 5:00 p.m. Location: Forest Hills Golf Club 7530 210th St N Forest Lake, MN 55025 10:00 AM: Registration & Practice range 11:00 AM: Hole, cart and team assignments 11:00 AM: Buffet Lunch 12:00 PM: Best Ball Shotgun start  Registration is now open for LEAD 23 – MnCUN’s Fall Leadership Conference. Join us at Madden’s on Gull Lake in Brainerd, Wednesday, September 13 through Friday, September 15, 2023.
The conference topics will focus on all things Leadership, featuring industry experts providing insight and relevant information on top credit union issues. Sessions throughout the event are designed for both credit union professionals and board members. With educational sessions and recreation opportunities, this event provides an opportunity to come together in person with your credit union colleagues for a conference of learning, networking, and fun! Registration and Sponsorship opportunities are now open. See our LEAD 23 Conference page for more information. The Minnesota Credit Union Network 2023 Legislative Session Summary is now available. This publication provides an overview of relevant legislation introduced this year and includes MnCUN's position on the legislation, the outcome, and its impact on credit unions.
Applications are now open for the next cohort of MnCUN’s Trailblazers Executive Readiness Training program. This 12-month program is designed to accelerate executive level leadership skills and build credit union specific knowledge needed to succeed in our industry.
Having high-potential leaders in the pipeline is critical for credit unions and the industry. Designed by Minnesota Credit Union professionals – the program is intended to prepare emerging leaders for executive level positions. Topics include Leadership Skills, Credit Union Financials, Credit Union Operations, and Strategic Planning & Growth. Courses will be facilitated by both experts in the field and current credit union leaders. Upon completion participants will receive a Minnesota Credit Union Executive Leadership Certification. I believe the Trailblazer program is a launch pad to the next level of credit union leadership. It has armed me with more in depth exposure and experience on key focus areas, enhancing my leadership skills, providing a solid foundation of credit union financials and operations, and giving me insight into successful strategic planning efforts. I am grateful for the network of peers that I have access to and can build future relationships with! Brianne Meszaros, VP of Branch Operations, Hiway Credit Union The cohort will meet the second Thursday of the month for 12 months – virtually and in person – providing participants the opportunity to build a close network of colleagues. Applications are for the 2023/2024 cohort are now open. Deadline to apply is July 28, 2023. With questions, contact MnCUN Director of Engagement Xiong Lee or Vice President of Communications and Engagement Andrea Molnau. For more information and to apply, visit mncun.org/trailblazers. Medica is a valued partner of the Minnesota Employee Benefits Plan. If you are a participant, or considering the Benefits Plan for your credit union, please join us for an insightful webinar. Our presenter is Mark Springer, Senior Strategic Account Sales Executive with Medica. Mark has been instrumental in the foundation and success of the Association Health Plan.
Date: Tuesday, June 20th Time: 11:00 a.m. to 12:00 p.m. Agenda
Please see the event flyer for more details and call-in information (Log in required.)  By Eric Hansing, Sr. Vice President, Corporate Strategy, Marketing & Communications at CUNA Mutual Group. This article is provided by the Minnesota Credit Union Network's Partnership with TruStage.
This month marks the beginning of an exciting new chapter for CUNA Mutual Group and the credit unions we serve. After more than a year of massive effort, we are finally ready to launch as a single, unified brand – TruStage. The brand represents all we have to offer, enabling our customers and employees to experience one, cohesive organization. It’s an organization that, like credit unions, has experienced a vast amount of change over the last nine decades. Born into the credit union movement in 1935, CUNA Mutual Group has a long history of finding new ways to better serve our customers. Over the years, we’ve added new brands, new products, even brought fully formed companies under our roof, all with an eye toward making a brighter financial future accessible to everyone. Each of those pieces of our evolutionary story fit together. At times, however, that fit wasn’t as clear from the outside as it was on the inside because many of those pieces had different brand names. We’d become a “house of brands.” How each of those brands fit together was confusing to our customers. By unifying under a single brand, our “house of brands” instead becomes a “branded house,” bringing clarity to the complete, compelling story of the company we have become. We chose TruStage as our brand name. It’s a brand we launched 10 years ago for one of our largest lines of business. Since then, TruStage has developed positive equity, and our research indicated it was highly extensible into the rest of what we do. The name was also selected because it represents our desire to be a trusted partner to credit unions as they help members build financial confidence at every stage of their lives. |
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