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IMPACT 24: CU Day at the Capitol provides credit union professionals and volunteers the unique opportunity to learn about legislative issues and meet with elected officials. The event is scheduled for Wednesday, March 20, 2024, at the Union Depot in St. Paul.
This important advocacy event forms the foundation for a positive working relationship with legislators throughout the Legislative Session. Through education sessions, legislative briefings, keynote speakers and legislative visits, IMPACT 24 brings the credit union message to elected officials. Early bird discounts are available until February 23, 2024. With questions, contact Ryan Smith, Director of Government Affairs.  Credit Unions for Kids is being recognized at Children’s Hospitals Week for its commitment to raising critical donations for Children’s Miracle Network Hospitals. The Founder's Award is a highly prestigious award provided to a distinguished individual or organizations who have made amazing contributions to CMN Hospitals. These contributions positively impact and benefit member hospitals, including time, effort, talent, significant personal commitment, or a leadership role. This award is not given out every year – only in special instances. Previous winners include Steve Young (NFL Hall of Famer) and Marriott for being the first corporate partner. Credit unions have been proud partners of CMN Hospitals through CU4Kids since 1996 and have raised more than $200 million benefiting local member hospitals. Member hospitals have used funds to provide both direct financial assistance as well as community-based programs in economic developments. This allows patients to have the needed support while helping put their family’s minds at ease while they are in the hospital. Each dollar that is raised through CU4Kids helps improve the health of kids and allow them the opportunity to grow to their full potential. And they couldn't do it without the generosity of millions of people in the local community. Through these donations, local member hospitals can provide treatments and support patients desperately need today, so that they can fulfill their potential for tomorrow. April 8-11 at Walt Disney World Dolphin Resort in Orlando, FL, credit unions come together to celebrate receiving this year’s Founders Award at Children’s Hospitals Week presented by Children’s Miracle Network Hospitals (CMN Hospitals). All credit unions are encouraged to come to this event to rally together around their incredible work in raising critical funds through Credit Unions for Kids (CU4Kids) helping local member hospitals change kids’ health to change the future. CMN Hospitals honors credit unions supporting their members and the local community. Participate in the 2024 Chain of Hearts FundraiserThe Minnesota Credit Unions for Kids Committee invites all credit unions to participate in the 2024 Chain of Hearts fundraiser Jan. 2 to Feb. 29, 2024*. The initiative benefits Minnesota and western Wisconsin’s Children’s Miracle Network Hospital, Gillette Children’s. Gillette Children’s treats kids with disabilities and complex medical conditions in all Minnesota counties and beyond.
During the fundraiser, credit union members and local businesses are encouraged to purchase paper links and hearts that are connected and hung in lobbies to help illustrate the "people helping people" philosophy of credit unions. All proceeds benefit Gillette Children's Hospital. To participate, credit unions simply fill out the registration form by Friday, December 16, 2023 and CU4Kids will provide Chain of Hearts materials at no cost. With questions, reach out to Director of Engagement, Xiong Lee *Although these are the campaign dates, credit unions may participate during any time frame that best fits their calendar. A ransomware attack, impacting over 60 credit unions nationwide, was reported in several national news outlets. The attack is isolated to clients of Trellance-owned company, Ongoing Operations, who provides IT services to credit unions. At this point, we are not aware that any Minnesota credit unions were impacted.
Credit union members may have questions or concerns about their own account safety and security when these news situations may arise. Below are several talking points that can be used when responding to these concerns.
Please reach out to MnCUN’s communication team if you have questions, need additional resources for member inquiries, or receive outreach from the media. MnCUN just recently announced a new partnership with Optimize Cyber, a cyber risk management company. For more information about this solution for your credit union, please reach out to John Ferstl.  MnCUN staff would like to thank each member for supporting a thriving credit union system in Minnesota. We truly value the important work you do every day for your members, which inspires us to advocate on your behalf to make that job easier. We are also humbled by the kind words we have recently received from several members about the value of being a member of the Minnesota Credit Union Network.
“We belong to the Network to gain collaboration, knowledge, and support to run our business. The Network is a valuable resource on regulatory issues, and industry changes impacting our operations. The Network not only educates us on the topics, but keeps us speaking from one common voice in our industry. I love the Network’s ability to hold virtual meetings where the credit unions can sign on and speak to each other on better practices and current issues.” -Phil Kopischke, President & CEO "I find an abundance of benefits being associated with the Minnesota Credit Union Network. As a new CEO of a small credit union, two benefits that have directly assisted our credit union was the availability of Policy Aid and the General Counsel. The guidance of both resources helped tremendously in the success of moving our branch location to a new space and revamping our policy binder. The Network has provided significant value to FCEFCU!" - Caitlin Brama, President/CEO, Farm Credit Employees FCU Thank you for your continued support and trust. Membership in MnCUN and national trade associations ensures your connection to powerful advocacy, expertise, resources, opportunity, and influence.
The theme “Minnesota’s Credit Union Advantage” will illustrate that we’re not just different, but better. The model is better, the experience is better, and credit unions are better for the communities and members we serve. Tactical plans include a new Minnesota Credit Union Directory; Streaming Audio and digital ads, social media content, out of home ads, cooperative regional events, and a “Credit Union Member Day” at the 2024 Minnesota State Fair.
To cooperatively finance this campaign, we are seeking pledges of financial support to the Minnesota Credit Union Awareness Fund. We have adjusted our suggested contributions to reflect the change in strategy and current economic uncertainty. While we encourage credit unions to donate at the suggested level, donations of all amounts or in-kind contributions are welcome. Find out more by reviewing the 2024 Minnesota Awareness Preview webinar recording (note MnCUN login required) or visit mncun.org/awareness-campaign. With questions, contact MnCUN Vice President - Communications and Engagement Andrea Molnau. Reg Z Truth-In-Lending Changes: Regulations adopted by the Board of Governors of the Federal Reserve (Board) and Consumer Financial Protection Bureau (CFPB) require the dollar threshold for exempt consumer credit transactions be adjusted annually.
Appraisals for Higher-Priced Mortgage Loans Exemption Threshold: The Office of the Comptroller of Currency, Treasury (OCC), the Board, and CFPB are finalizing amendments to the official interpretations for their regulations that implement section 129H of the Truth in Lending Act (TILA). Before the holiday break on December 15, the House of Representatives is continuing to work through the budget process to put together a spending plan for the 2024 fiscal year before the continuing resolution expires.
Based on member feedback, we are excited to share the following enhancements to our Peer-to-Peer programing. In 2024 our P2P’s will be conducted virtually six times a year with three in the spring and three in the fall. Each session will include a speaker on a hot topic that effects multiple areas of your credit union. We’ll also break into department areas for smaller group peer discussion on how that topic pertains to various teams. We hope this new format continues to provide credit union professionals the opportunity to participate in cooperative meetings to network and exchange ideas; and provides your teams the opportunity to learn about pertinent topics that prompts additional conversations at your credit union. Each session will be held from 1:00-3:00 pm on the dates below. Topics for our Spring P2P sessions are noted. Please reach out to Xiong Lee if you have topic suggestions for the Fall sessions. Spring P2P sessions Schedule: March 13, 2024 – AI and Impact on Credit Unions April 24, 2024 – Regulatory and Compliance Hot Topics May 22, 2024 - Open Banking Fall P2P sessions schedule: September 11, 2024 – Speaker TBD October 16, 2024 – Speaker TBD November 13, 2024 – Speaker TBD Subscription RegistrationSubscriptions to the 2024 Peer-to-Peer sessions are available. Affiliate and associate credit unions may subscribe to the P2P program through a one-time, annual payment. The P2P subscription will come with a discount code unique to the credit union which may be used by any staff for registration at any of the P2P sessions throughout the year.
Cost structure based on credit union asset size, as described below:
Interested credit unions may subscribe via a Subscription Registration form. Invoices and payment options will be provided via this form. Subscriptions will remain open into February 2024, before the first P2P session of the year. Credit unions may subscribe to P2Ps throughout the year, however, the promo code will only last through the end of the calendar year. Once a credit union has subscribed, a unique code will be created for their credit union and sent to the registration contact that may be shared with any staff member within their organization. Credit union staff may use the code for any P2P throughout the year. The code will provide access to the P2P at no cost to the attendee. Individual P2P event registration will remain at $49 per attendee. Registration for 2024 P2P subscriptions are now available. Registration the individual P2Ps will be open in January. Please reach out to Xiong Lee with questions. Congratulations to the following people for being elected to serve on the Central and Southwestern Chapters.
Central Minnesota Chapter of Credit Unions:
Minnesota’s credit union chapters provide professionals and volunteers opportunities to network and connect with credit union individuals in their geographic area. With gatherings held at various times throughout the year, the chapters meet to discuss current credit union issues and trends, participate in service projects, network and socialize. To view the upcoming chapter events, visit the Event Calendar. To receive notifications of future events, log into the Member Portal and update your communication preferences. |
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