Two major fundraisers for Foundation committees are back at ACCELERATE 21, taking place next week, November 18 and 19 at the Radisson Blu MOA.
2nd Annual CU4Kids Karaoke for Kids Join the Minnesota Credit Unions for Kids committee at the 2nd Annual CU4Kids Karaoke for Kids event on Thursday, November 18. Just like regular karaoke, live band karaoke from Hurricane Karaoke Band will offer your favorite songs to sing to, but with a real band! All proceeds from the event to benefit Gillette Children's Specialty Healthcare! For further details on sponsorship opportunities please see the event flyer! Please contact Kim Peterson via email with any questions. FSC Silent Auction - Item Contributions Needed! The Minnesota Credit Union Foundation Scholarship Council (FSC) is requesting your support for the annual scholarship program. All money generated from this fundraiser goes directly to students through scholarships. FSC's goal is to raise $10,000! Consider a donation of either a silent auction item, or a monetary/cash donation to help make the goal a reality! Your support is greatly appreciated, and any donation you make is an investment in the youth of Minnesota. Please see the contribution form for cash or item donations. Contact the FSC with questions at scholarships@mncufoundation.org
Specifically, 2022 membership includes:
In addition to these benefits, the Minnesota Credit Union Foundation provides reimbursement of up to $1,000 annually for professional development opportunities through its Small Credit Union Grant Program. . For 2022, the Foundation Board has increased the small credit union definition to those under $100 million in assets. Contact MnCUN Chief Advocacy Office Mara Humphrey with questions on the benefits of affiliation with the Network. Together we are stronger! 2022 Regulation Z Threshold Adjustments: The Bureau of Consumer Financial Protection (Bureau) is required to calculate annually the dollar amounts for several Regulation Z thresholds.
IRS Reporting Proposal Not Included in Budget Reconciliation: As CUNA reported last week, the IRS reporting requirement was not included in the Administration’s latest version of the budget framework.
Members participating in WINcentive have saved over $11 million dollars throughout Minnesota. Currently, nearly 8,500 members of credit unions throughout the state have a WINcentive savings account open.
WINcentive Savings incentivizes consumers to save by offering risk-free rewards. WINcentive prizes are awarded on a monthly, quarterly, and annual basis, with prizes ranging from $100 to $5,000. Account holders in Minnesota qualify for up to four chances per month for each $25 increase in their month over month savings balance. The Minnesota Credit Union Network and TruLync also administer prize-linked savings programs for credit unions in Delaware, Georgia, Hawaii, Louisiana, Massachusetts, Montana, New York, New Jersey, Ohio and Wisconsin. To date, the programs provide over 31,000 members the opportunity to win through prize-linked savings accounts, with over $55 million saved. In total, the programs have awarded over $1 million dollars to members of credit unions throughout the nation. For details about prize-linked savings, please contact Director of Engagement, Ben Hering, via email. More information about WINcentive Savings, including a list of participating credit unions, can be found at wincentivesavings.org. Photo: WINcentive winner, Dean, member of Affinity Plus Federal Credit Union, with credit union branch staff. The Minnesota Credit Union Foundation is again participating in the annual Give to the Max giving event taking place this year starting on Monday, Nov. 1 and culminating on Thursday, Nov. 18. Give to the Max is a statewide giving event that raises millions each year for more than 6,000 causes across Minnesota and beyond. Considered Minnesota’s holiday for generosity, donors have given more than $225 million since the inaugural Give to the Max Day in 2009.
The Minnesota Credit Union Foundation (MnCUF) provides grants, community partnerships, professional development, and disaster relief to help the state's credit unions and communities prosper and thrive. Founded in 1969 by the Minnesota Credit Union Network, MnCUF is a 501(c)(3) charitable organization governed by a seven-member board of directors from various Minnesota credit unions. To participate in Give to the Max, donors should visit GiveMN.org and search for the Minnesota Credit Union Foundaiton. Early Giving for Give to the Max begins Nov. 1 and continues through Give to the Max Day on Nov. 18, with random drawings for more than $100,000 in prize grants for Minnesota organizations throughout the event. To be a part of Give to the Max, visit GiveMN.org to make a gift, and use #GTMD21 to join in the social media conversation. Questions about Give to the Max or the Minnesota Credit Union Foundation can be directed to Executive Director Andrea Molnau. Financial & Audit Professionals Grant applications are now open. Funding from the Financial & Audit Professionals Grant program is intended to cover or defray the costs for credit union professionals and/or volunteers to attend timely and accurate educational events, conferences and seminars on financial and audit-related topics. Reputable course providers include, but are not limited to, the following:
Applications will be accepted until Nov. 30, 2021 for use in 2022. The Financial & Audit Professionals Grant Fund was established in 2014 through a generous contribution from Rich Gabrielson, a CPA who worked with Minnesota credit union supervisory committees, boards of directors and management throughout his 36-year career. Gabrielson retired from CliftonLarsonAllen, LLP at the end of 2013. With questions, please contact the Minnesota Credit Union Foundation’s Executive Director Andrea Molnau. |
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