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      • Event Policies
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      • CREW Spotlight
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      • Benefits Plan | Requesting a Quote
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      • Submit a Compliance Question
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The Pulse

Compliance and Regulatory News: Aug. 19, 2020

8/19/2020

 
CCPA Regulations Effective
The California Consumer Privacy Act (CCPA) gives California consumers certain rights regarding how their personal information is collected and used. 

​NCUA Issues Proposed Rule on Transition to CECL
The NCUA is asking for comments on a proposed rule to address changes to the generally accepted accounting principles (GAAP). 
full articles - members only

Governmental Affairs News: Aug. 19, 2020

8/19/2020

 
U.S. Rep. Tom Emmer Introduces Credit Union Modernization Act of 2020

With input from the Minnesota Credit Union Network, Congressman Tom Emmer (R-MN), recently introduced H.R. 7963, the Credit Union Governance Modernization Act of 2020. ​
full article: Member's only

Powerful Communication: Women’s Leadership Network Event

8/19/2020

 
The Women’s Leadership Network invites female credit union colleagues to our next virtual event on August 27 from 10:00 – 11:30 a.m.
 
Leadership Coach and Facilitator Lisa Hayes will be joining us again for the second session in her series Your Leadership Coordinates for Leadership Presence. In this session, Lisa will focus on Powerful Communication; how to make your voice heard, have confidence in communication, influencing your audience, and being assertive.    
 
Join us for an engaging conversation online, connect with your Women’s Leadership Network colleagues, and receive resources from the day.
 
Registration is now open and available until August 21.
 
For more information about the Minnesota Credit Union Women’s Leadership Network, visit the group page online.
REGISTER NOW

BSA and Compliance P2P: Update from the FBI on Fraud Trends, August 25

8/19/2020

 
The second BSA Officer & Compliance P2P of the year will start with a presentation from Steve Eppley, Financial Crimes Supervisor for the Minneapolis FBI Field Office. SSA Eppley will discuss recent fraud trends in relation to the Covid-19 pandemic and the FBI's response. 

The session will continue into an open format conversation with credit union peers around credit compliance. This event is meant to be an opportunity to meet and share with one another. The open session and forum will conclude the event with time to discuss BSA and compliance questions with participants. 

​Tuesday, August 25, 2020 1:00 PM - 3:00 PM

This event will be made only via webinar/conference call. Webinar and call in instructions will be provided to registered attendees.
 
For a list of all P2P sessions, visit our Peer-to-Peer (P2P) webpage. With questions, please contact MnCUN Director of Engagement Ben Hering by email or by phone at 651-288-5519.
REGISTER NOW

MnCUN to Offer a Digital Member Growth Solution to Member CUs

8/19/2020

 
The Minnesota Credit Union Network is pleased to announce a new service available to its member credit unions to automate and simplify the process of switching direct deposits and automatic payments. MNCUN has partnered with ClickSWITCH to offer this service.
 
ClickSWITCH provides a digital member growth solution to financial institutions allowing account holders to switch direct deposits and recurring payments in just a few minutes. ClickSWITCH encourages members to make their new account their primary account driving deposit growth, profitability and long-lasting primary relationships for credit unions.
 
“The Minnesota Credit Union Network understands the hassle that consumers face when switching accounts to a new credit union. ClickSWITCH provides the leading solution for simplifying this process and we are excited to be able to offer this local Minneapolis, MN based solution to our member credit unions,” said Kris Jacobsen – Director of Business Development at the MnCUN.
 
“MnCUN is a well-respected credit union organization. We are proud to partner with MnCUN to provide our services to its members, said Eric Edwards, Chief Revenue Officer at ClickSWITCH. “ClickSWITCH can enable credit unions to reduce friction in the onboarding journey, encouraging new members to quickly and easily develop primary relationships.”

To learn more about the ClickSWITCH partnership, contact Kris Jacobsen, MnCUN Director of Business Development.

Foundation Distributes Almost $40K to Date in Pandemic Relief

8/12/2020

 
In June, the Minnesota Foundation Board established a $65,000 Grant Pool for the purpose of pandemic relief to support MnCUN affiliate members under $100M in assets. To date, $39,458 has been distributed to 18 Minnesota Credit Unions. Credit unions may apply for up to $2,500 in funding to address a past, current or future expense related to expenses incurred due to COVID-19. Applications will be accepted as funding permits or until December 1, 2020. A portion of the available funds were provided by a generous donation from Alloya Corporate Credit Union.

For more information or to apply, visit mncun.org/apply-for-a-grant. With questions, contact Executive Director of the MnCU Foundation, Andrea Molnau.
​

Stay Connected with the Network and Update Your Communication Preferences

8/12/2020

 
To ensure we provide you with pertinent news as well as timely events and educational opportunity notifications, please take a moment to review your preferences in your Member Portal on the mncun.org site.
 
Please log into the site and navigate to the Profile Update section. Once there, choose the “Update Your Preferences” section to review and provide updates to the groups you are associated with, including your credit union chapter(s), the department(s) you’re involved in or are interested in learning more about, and the newsletter subscriptions you would like to hear from.
 
Updates to the profile take effect within 24-48 hours. Email us at [email protected] with questions.
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Connect at the Financial Educators P2P: Aug. 20

8/12/2020

 
Credit unions are changing up their financial education efforts to accommodate new environments and leveraging virtual learning opportunities. Join us for a roundtable discussion to brainstorm and share ideas.

Join the Financial Educators P2P on Thursday, Aug. 20 from 1:00 to 3:00 p.m.  via webinar and video conference.



register now

Collections P2P:  Aug. 20

8/12/2020

 
Join the upcoming Collections Peer-to-Peer (P2P) on Tuesday, August 18 starting at 1:00 p.m. via webinar and video conference. 

The second Collections P2P of the year will start with a Q & A session with CU Recovery, covering topics surrounding the evolving nature of credit union collections throughout the progression of the pandemic. The session will continue into an open format conversation with credit union peers. 

This event is meant to be an opportunity to meet and share with one another. The open session and forum will conclude the event with time to discuss collections-related questions with participants. 

This event will be made only via webinar/conference call. Webinar and call-in instructions will be provided to registered attendees.
 
For a list of all P2P sessions, visit our Peer-to-Peer (P2P) webpage. With questions, please contact MnCUN Director of Engagement Ben Hering by email.
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    The Pulse

    The Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information. 

    ​The publication is delivered to credit unions weekly and offers timely and relevant credit union news, compliance updates and political information.

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