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The Minnesota Credit Union Network is now accepting nominations for its most prestigious awards. Now is your chance to nominate a colleague for the 2020 Outstanding Professional of the Year or Outstanding Director (formerly Volunteer) of the Year.
Nominations should recognize an individual's service and achievements taken place during the 2020 calendar year. The winners of these awards will be recognized during the Minnesota Credit Union Network's annual conference - the Accelerate 21 Conference, which will take place November 18 -19 at the Radisson Blu Mall of America in Bloomington. Nominations for the 2021 Professional and Director of the Year will open in January and recipients will be honored at the following annual meeting - Accelerate 22 Conference in April 2022.
Complete information and online nomination forms can be found on the Outstanding Professional and Volunteer of the Year page of the Network website. Please note that only nominations completed using the online forms will be accepted. Contact Julia Miller, MnCUN Director of Communications with questions.
Across the credit union system, auto loan growth has flattened in recent years. Consumer preferences, economic conditions, competition, and technology have been shifting since long before the start of the COVID-19 pandemic. Even under normal conditions, these changes are nothing to ignore, especially when vehicle financing through auto loans makes up a significant portion of credit unions’ loan portfolios. But what does a flattened market and a shifting environment added on top of a life-changing pandemic mean for credit unions when it comes to their auto lending business?
While I can’t predict the future, as much as I wish I could (hello, lottery tickets!), I can tell you from my years of experience working in credit union, auto lending and technology fields, what the trends I’m seeing are pointing toward, what Filene’s research on auto loan trends and challenges are projecting for the impact to the industry, and what you should be planning to do about it. First, this goes without saying, but I want to be very clear: a solid understanding of current auto trends has never been more important. In addition to auto loans making up a significant portion of credit unions’ loan portfolios, a robust auto loan portfolio offers an asset that allows your credit union to be responsive to the interest rate market without the long-term risk inherent in the mortgage space. The Minnesota Credit Union Foundation recently held its Re-organization Meeting and is pleased to share the following Foundation Board members were elected to table officer positions:
The Foundation Board regularly meets six times per year to further its commitment to providing the resources for credit unions and communities to prosper and thrive. Board members are from credit unions large and small operating in various regions throughout the state. In addition to directing the Foundation’s tenets of financial education and professional development, the Board also oversees the Foundation Scholarship Council (FSC) and Minnesota Credit Unions for Kids (CU4Kids) committees. Congratulations to the new leadership of the Minnesota Credit Union Foundation.
Last week, MnCUN President and CEO Mark Cummins made the case for mentorship to develop credit union movement leaders in CUInsight:
"Mentoring is a cost-effective, valuable tool for developing the credit union movement’s most important asset, our people. A successful mentoring process depends on the partners sharing common goals and expectations, having a commitment to the mentoring practice, and giving and receiving trust and respect. Both the mentor and the mentee give and grow in the mentoring process. It can be a catalyst to assist motivated employees to advance their skills and careers while leveraging the vast experience, knowledge and passion of current leaders and professionals." Tristate Mentor Match is a 12-month program designed to build, grow, support, and inspire credit union professionals in their careers and commitment to the Credit Union Movement. We are seeking applications for both mentees and mentors. The deadline to apply is this Friday, Aug. 6th ! This program is a partnership among the Minnesota Credit Union Network, Montana’s Credit Unions and the Wisconsin Credit Union League to expand our reach and bring our collective members a rich and diverse opportunity to network and grow. You'll get to select if you prefer a Minnesota match or a match from another state. Questions? Contact Program Coordinator, Ranel Smith or League Liaisons, Mara Humphrey or Andrea Molnau. The FDIC and Minnesota Department of Commerce are hosting a webinar titled “Household and Small Business Financial Capability Challenges for Minnesota’s African Diaspora” on Thursday, August 12th at 11:00 a.m.
This webinar will help attendees understand financial capability challenges specific to the African Diaspora in Minnesota, and builds upon previous outreach in 2021 to better understand how to increase financial inclusion for Minnesota’s BIPOC and immigrant communities. In the upcoming event, we will hear from two organizations that directly serve the African Diaspora: African Career, Education, and Resource Inc. (ACER) and Sakan Community Resource. ACER will discuss financial capability challenges for immigrant small business owners, and Sakan Community Resource will discuss non-interest bearing financial products. The goal for the event is to create awareness about the challenges faced by the African Diaspora around banking and lending and the need for culturally relevant financial products that promote economic inclusion. The event will take place on WebEx and you can register online. CDC Extends Eviction Moratorium: Yesterday, the Centers for Disease Control and Prevention (CDC) issued a “new order temporarily halting evictions in counties with heightened levels of community transmission.”
Fall 2021 P2P Sessions:
08/24 BSA Officer and Compliance P2P 08/31 Financial Education P2P 09/14 Branch Operations P2P 09/16 Innovation P2P 09/21 Collections P2P 09/28 Credit Union Foundation P2P 10/05 Data & Analytics P2P 10/14 Call Center P2P 10/19 Credit Union Board Directors/Volunteers P2P 10/21 Training & Development P2P 10/26 Marketing & Business Development P2P 11/02 Accounting & Finance P2P 11/05 Crew Young Professionals P2P 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. |
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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