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Learn more about the outstanding programs, new initiatives and well-deserved recognition received by your peers recently:
Got news of your own? Send stories, pitches, press releases and published articles to MnCUN Director of Communications Julia Miller. As one of the final steps in the new credit union charter application process, the Association for Black Economic Power (ABEP) is seeking volunteers for credit union Board of Directors, Supervisory and Credit Committees. ABEP is a nonprofit organization created to establish a Black-led credit union to address systemic financial challenges impacting Minneapolis residents, particularly people of color.
It has been advised by state and federal regulators that credit union executive staff should not be on a board or committee of another credit union; however, staff and mid-level management would be acceptable based on the approval of the employing credit union. “This would be an excellent professional development opportunity for those with financial, credit or compliance and audit experience,” said Mark Cummins, President & CEO of the Minnesota Credit Union Network. “Volunteering for the new credit union is a chance to build something from the ground up, and make a real difference in the lives of North Minneapolis community members.” To learn more, visit https://www.learnaboutvillage.org/careers; or reach out directly to Debra Hurston, Executive Director of ABEP. Bureau Issues Advisory Opinions on Debt Collection and Fair Credit Reporting Practices: In the last two weeks, the Consumer Financial Protection Bureau (Bureau) has published two advisory opinions.
Federal Agencies Issue Joint Statement on Risk-Based Approach to Assessing Individual Member Risk: The NCUA joined the Federal Reserve, FDIC, FinCEN and the Comptroller of the Currency in issuing a joint statement to remind credit unions of the risk based approach they should be taking to assess member relationships and conduct customer due diligence (CDD). This past spring, the Minnesota Credit Union Network provided thirteen virtual Peer-to-Peer (P2P) sessions, welcoming over 200 attendees from 46 different credit unions. Attendees participated in lively discussions with peers, learned from expert presenters, and grew connections with the credit union community.
Our P2Ps will continue virtually in the fall as we continue to reach and provide programming for credit union staff and volunteers throughout Minnesota. These sessions will maintain a focus on creating forums that foster knowledge sharing, networking and growth of credit unions. New for 2023 - the Minnesota Credit Union Network will be offering a credit union P2P subscription option, giving access to all P2P sessions for any staff at a credit union throughout the year. Any affiliated credit union may subscribe to the P2P program through a one-time, annual payment. The P2P subscription will come with a discount code unique to your credit union for registration at any of the P2P sessions throughout the year. Cost structure*:
More information regarding P2P subscription in 2023 to come. For more information and to register for any of the scheduled P2Ps this fall, please click on the respective link to each group below. Women’s Leadership Network Legendary Leadership Series: Individual and Team Purpose Setting, July 197/12/2022
The Minnesota Credit Union Women’s Leadership Network invites you to join the last session in the Legendary Leadership Series with national credit union service organization leader and founder of Vive Unlimited, LeAnn Case.
July 19: Individual and Team Purpose Setting, 1:00 to 2:00 pm The third session is about goal setting. …eww. Just kidding. Let’s start with the why. Goal setting can be so gross to some people -- maybe because they’ve never participated in the process or maybe they’re intimidated by goals having to be “S.M.A.R.T.” When we start with the why, the process can become fun. When we understand our purpose and have a shared purpose, there can be joy at work. Yep, joy. At work. We’ll talk about a fun and collaborative method for individual and team purpose setting that you can take back to your teams. We’ll put your legendary leader hearts to action so that you are living your joy-filled life and so are your teams. Credit unions have always been there to help their homebuying members truly understand their options. That’s why CUNA Mutual Group partner, MGIC, is inviting you to this special event webinar and a chance to refamiliarize yourself with adjustable-rate mortgages (ARMs)and keep you fully informed of current mortgage lending practices so you’re better prepared to help your members achieve homeownership.
With rates up from where they started this year, get reacquainted with ARM loans so you’re prepared to educate your homebuyers and answer their questions with confidence. Join us for this 45-minute ARM refresher where we’ll cover:
Wednesday, July 20, at 1:00 p.m. CT This article is provided through MnCUN's partnership with CUNA Mutual Group. Visit the Solutions Directory for more information.
The annual MnCUN CEO Conference was held June 27-29 at the Inn on Lake Superior in Duluth, MN. This event featured presentations from speakers on a variety of pertinent credit union topics, provided opportunities to connect with other CEOs, and offered a cooperative forum in a relaxing setting to share expertise and experiences.
The event kicked off by focusing on credit union employees, with a presentation from Pam Murphy of CUNA Mutual Group on reimagining the employee experience and a conversation with Tracie Kenyon of the Montana Credit Union Network on their Association Health Plan. Additional session topics included how to future-proof your business with Jack Uldrich, serving more members with machine learning by Mike de Vere of Zest AI, and an economic outlook by CUNA’s Mike Schenck. Concluding the event was an inspiring session on character, culture, and servant leadership given by John Wissler, retired Lieutenant General of the United States Marine Corps and founder of JPW Solutions. Thank you to CUNA Mutual Group for their sponsorship of the conference. With questions, please contact MnCUN Vice President Communications & Engagement Andrea Molnau by email or call (651) 288-5527. The Minnesota Credit Union Network 2022 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.
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The PulseThe Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information. Archives
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