The Pulse |
 On Monday, October 9, credit unions and partners across Minnesota will once again unite to dedicate one day to giving back and spreading kindness. To celebrate the day, participants are invited to the CU Forward Day After Party, hosted by United Financials Making a Difference (UFMD), at Keg and Case Market in Saint Paul starting at 2 p.m. on Monday, October 9. UFMD and sponsoring credit unions will host food and beverages for all credit union staff and volunteers participating in CU Forward Day. This event is free for all CU Forward Day participants and volunteers from participating credit unions. Registration is not required. We are pleased to welcome 44 credit unions and partners so far for 2023. Is your credit union or organization missing?
2023 Participants Accentra Credit Union Affinity Plus Federal Credit Union Anoka Hennepin Credit Union Baxter Credit Union Case & Associates City & County Credit Union Comparion Insurance Agency CUCollaborate Embarrass Vermillion Federal Credit Union Expedition Credit Union Farm Credit Employees Credit Union Federated Employees Credit Union First Alliance Credit Union FIRST PACE Credit Union Great River Federal Credit Union Heartland Credit Union Hiway Credit Union HomeTown Federal Credit Union Ideal Credit Union Mayo Employees Federal Credit Union Mid Minnesota Federal Credit Union Minnco Credit Union Minnesota Credit Union Network MN Power Employees Credit Union MY Credit Union North Memorial Federal Credit Union North Star Credit Union Northern Communities Credit Union Northern States Power - St. Paul Credit Union Novation Credit Union Red Wing Credit Union Riverview Credit Union Royal Credit Union SharePoint Credit Union South Metro Federal Credit Union SouthPoint Financial Credit Union SPIRE Credit Union Superior Choice Credit Union Teamsters Credit Union TopLine Financial Credit Union TruStage TruStone Financial Credit Union Virginia Co-op Credit Union Wings Credit Union To join, please register to confirm your credit union's interest and/or participation in CU Forward Day 2023. With questions, please contact Director of Engagement, Xiong Lee, via email or by phone at (612) 802-7695. We are excited to continue our series of regional events in partnership with Credit Union Chapters throughout Minnesota. MnCUN's new President & CEO Mara Humphrey, along with MnCUN staff, will be traveling around the state to share MnCUN’s vision, gather feedback, and provide updates on current and new initiatives for Minnesota Credit Unions. All credit union employees and directors are welcome to attend.
Our next stop is Twin Cites Chapter on Thursday, October 26, 2023 from 4:00 pm – 7:00 pm at The Machine Shed (8511 Hudson Blvd N, Lake Elmo MN 55402) Cost to attend is $29 and includes dinner. Registration deadline is Friday, October 20th Please reach out to Xiong Lee, MnCUN Director of Engagement, with questions. 4 Minnesota Credit Union Employees Named Credit Union Rock Stars
The Credit Union Rock Stars program recognizes outstanding credit union professionals and directors from a wide range of disciplines who innovate and inspire to advance the missions of their credit unions. This year’s winners were selected for their exceptional creativity, innovation, and passion. Finance & Commerce Announces the 2023 honorees for Top Women in Finance Each year Finance & Commerce honors the Top Women in Finance in Minnesota. This year’s class includes three credit union professionals Dana Garrett, North Memorial Federal Credit Union and Lisa Lehman, SPIRE Credit Union and Becky Seavey, Mayo Employees Federal Credit Union.
The 31 women will be honored at a networking and awards event on Thursday, Nov. 16, at Quincy Hall, 1325 Quincy St. NE in Minneapolis. NCUA Financial Innovation Rule: On September 21, the NCUA issued a bulletin for its final rule on Financial Innovation intended to provide federally insured credit unions more freedom to take advantage of advanced technologies and opportunities offered by Fintech.
Business Ownership Interest (BOI) Reporting Exemption for Credit Unions: FinCEN’s new BOI rule effective January 1, 2024, exempts federally insured credit unions from reporting requirements pursuant to 12 U.S.C. 1752 in its new Small Entity Compliance Guide. NCUA Update to Simplified CECL Tool: On September 25, the NCUA released its updated simplified CECL tool with the latest weighted average remaining maturity, factors and other enhancements for reporting effective January 1, 2023. If Congress does not pass a budget for the President's signature by the end of the fiscal year (September 30), the federal government will shutdown.
Join the upcoming Women's Leadership Network Peer-to-Peer (P2P) on October 5 starting at 1:00 p.m. via webinar and video conference.
We are pleased to be welcoming Eleni Giakoumopoulos, Director of the Global Women’s Leadership Network for the Worldwide Foundation for Credit Unions. Eleni will provide an update on the International Credit Union movement and the impact of the Global Women’s Leadership Network. In her role with GWLN since 2018, Eleni is responsible for directing the professional development programming, expanding GWLN Sister Societies, and growing membership in the U.S. and internationally. She has over 25 years of international experience working in 20 countries in western, central and eastern Europe. She is a member of the International Society of Female Professionals and the International Association of Business Communicators. Date: Oct. 5 Time: 1:00-3:00 p.m. Location: Webinar/Video Conference Cost: $49 This session will be held as a virtual roundtable. We will include time for open format conversation with the Women's Leadership Network. The open session and forum will include time to connect in break out groups and large format discussion. For a list of all P2P sessions, visit our Peer-to-Peer (P2P) webpage. With questions, please contact MnCUN VP of Communications & Engagement, Andrea Molnau, via email.  This fall, TruLync Medicare Services is working with 6 credit unions during Medicare Open Enrollment to help their members sign up for Medicare.
Medicare can be an overwhelming and confusing process. And with 20% of credit union members aged 65 or older, we are excited about this opportunity to provide trusted guidance through this new program. Dave Brown, MnCUN Director of Insurance Services, has 15 years’ experience assisting and advising others with finding a suitable Medicare plan. To work with TruLync Medicare Services starting in 2024, contact Dave at dbrown@mncun.org. Nearly 150 credit union professionals and board members attended LEAD 23 at Madden's on Gull Lake in Brainerd last week. General and Breakout Sessions featured industry experts providing insight and relevant information on top credit union issues. Sessions throughout the event were designed for both credit union professionals and Board members. Speakers included:
Additionally, the 2022-2023 Trailblazer Executive Readiness cohort presented their credit union case studies while the new cohort kicked off the 12-month program. MnCUN’s Trailblazers Executive Readiness Training program is designed to accelerate executive level leadership skills and build credit union specific knowledge needed to succeed in our industry.
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