Encouraging credit unions to collaborate to help all Minnesota Credit Union’s succeed, lobbying efforts on behalf of credit unions, the additional services they provide at more cost-effective prices."

- Annette Arndt, Federated Employees CU, Manager

"Being a part of the Minnesota Credit Union Network allows credit union employees to feel taken care of; that they are there to be our champions on the important and relevant issues or concerns that we have for not only our staff, but for our members as well. They provide opportunities for networking and focus on supporting young professionals in the credit union industry with ways to connect with one another and create lasting relationships.

I know for me, since I’ve been a member with MnCUN, I have created great relationships with other credit union employees and know that I can turn to them for help or questions. The Minnesota Credit Union Network makes it so easy to meet, learn, and understand why credit unions are worth working for."

- Amy Hendrickson, Mid Minnesota FCU, Digital Marketing Specialist

​We ensure credit union priorities are front and center as we advocate, accelerate, collaborate, and celebrate Minnesota's thriving credit union system.  Our greatest asset lies in our collaboration, and MnCUN is leading the charge in harnessing our collective strength. 

​MnCUN staff would like to thank each member for supporting Minnesota's thriving credit union system.

As the end of the year approaches and the 118th session wraps up, key issues for Congress include a December 20th deadline to fund the government, reauthorizing the National Defense Authorization Act, and the expiration of the Farm Bill. Congress was in session last week but will break for Thanksgiving, returning on December 2 with just three weeks to address these matters.

2025 Department of Commerce Examinations and Priorities: The Minnesota Credit Union Network recently met with the Department of Commerce Director of Credit Unions, Aeton de Long-Hersh, on what state-chartered credit unions could anticipate with examinations starting in January 2025. 

​FinCEN Joints Public-Private Partnership to Combat Frauds and Scams: On November 25, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced it has joined a multi-sector national task force dedicated to the prevention of fraud and scams. 

Federal Reserve Announces 2025 Service Rates: On November 22, the Board of Governors of the Federal Reserve System announced service rates and pricing effective January 1, 2025, for Federal Reserve Banks provide to banks and credit unions, such as the clearing of checks, automated clearing house (ACH) transactions, instant payments, and wholesale payment and settlement services. 

CFPB Publishes Personal Financial Data Rights Final Rule: The Consumer Financial Protection Bureau (CFPB) recently published its final rule to carry out the personal financial data rights (“open banking”) established by the Consumer Financial Protection Act of 2010 (CFPA) in the Federal Register. 

The Minnesota Women’s Leadership Network invites everyone to our annual celebration event. Please join us on Tuesday, Jan. 14, from 3:00-6:00 pm at the Gnome Craft Pub in St. Paul. The afternoon will include insightful conversation and networking, celebrating the accomplishments of the Women’s Leadership Network in 2024, and looking ahead to the New Year. 

​Watch for our guest speaker and give back opportunity to be announced soon!

​For more information about the Minnesota Credit Union Women’s Leadership Network, visit the group page online.

The Baker Group has provided a Third Quarter Minnesota Credit Union Trend report for Minnesota Credit Union Network Members. The report provides financial data and projections for credit unions in Minnesota. You can access it via our publications page on the Minnesota Credit Union Network portal, log in required.

Based on the success of our collaborative efforts to support Arise Community Credit Union, the Foundation again invites credit unions, individuals, and other organizations to participate in further opportunities to grow the credit union movement with De Novo Credit Unions in Minnesota. 

MnCUN has been working to assist Tribe Federal Credit Union, founded by African American members who started as a lending club. Tribe is the first federal credit union to receive a charter under the NCUA’s provisional charter pilot initiative. This pilot allows credit union’s organizers to obtain a federal credit union charter and provides them 12 months to obtain the capital necessary to begin operations. A charter under the provisional pilot initiative does not authorize a credit union to accept member deposits or originate loans until the credit union obtains its targeted level of donated capital.

MnCU Foundation is currently supporting a capital drive for Tribe Federal Credit Union. And due to a special donation, contributions will be matched dollar for dollar up to $150,000 if made by June 30, 2025.

Credit union history and principles are rooted in serving the underserved and cooperation among cooperatives. Please consider contributing to this effort. To learn more about Tribe and make a contribution, visit mncun.org/denovo. 

Over the next few weeks, MnCUN will be sharing testimonials from several members about the value of being a member of the Minnesota Credit Union Network. 

“The new partnership MNCUN has launched with TruLync Medicare Advisors has been a great value add. This team has been an excellent resource to help simplify a complex topic for our members. The Novation Credit Union members who have enrolled have seen significant cost savings.”
 
-Mike Kronebusch, Novation CU, President & CEO

"When I joined the Network more than a decade ago, my goal was to connect with other industry professionals and build strong relationships. Over the years, I’ve had the privilege of serving in various roles within the network, fostering lasting connections with peers and mentors. These relationships have been invaluable, offering trusted insights and advice on vendors, processes, and procedures. The Network has been a cornerstone of my growth, providing guidance from leaders in diverse roles. Participating in the mentor program has also allowed me to give back by helping others grow and succeed in their careers."

-Lisamarie Meyer, SVP, Director of Minnesota Branches, TruStone Financial

As a member of MnCUN, you have the support of the only trade association that champions Minnesota Credit Unions.

​We ensure credit union priorities are front and center as we advocate, accelerate, collaborate, and celebrate Minnesota's thriving credit union system.  Our greatest asset lies in our collaboration, and MnCUN is leading the charge in harnessing our collective strength. 

​MnCUN staff would like to thank each member for supporting a thriving credit union system in Minnesota.

The National Credit Union Foundation recently announced the following Minnesotans received a CUDE designation:

• Gena Anderson, First Alliance CU
• Jenna Taubel, First Alliance CU
• Ki-Anya Richey, North Memorial FCU

The DE Program helps credit union leaders understand and leverage credit unions’ unique business model to serve members and communities in new and better ways. While many trainings focus on the “what” and the “how” of credit union service and operations, the DE Program continues to focus on the “why”. 

​Yesterday, the Senate Judiciary Committee held a hearing titled “Breaking the Visa-Mastercard Duopoly: Bringing Competition and Lower Fees to the Credit Card System,” in which Senate Democrats made the case for the so-called "Credit Card Competition Act."