The Pulse
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Join the Hiawatha Valley chapter of credit unions for the 35th Annual Southern Minnesota Credit Union Open hosted by Red Wing Credit Union, First Alliance Credit Union, Accentra Credit Union, and HomeTown Credit Union on Thursday, September 30th at Mississippi National Golf Links in Red Wing, Minn.
Please see the event flyer for more details and to register. Sponsorship opportunities are available - see sponsorship flyer to support! Registration is limited. Registrations will be accepted on a first-come, first-serve basis. Payment must be included in your registration. Deadline is September 15, 2021. Foursomes will be assigned. Best Shot Scramble 10:00 a.m. Registration and Lunch 11:30 a.m. Shot Gun Start 5:30 p.m. Dinner Despite the fact that the legislature is not in session, Minnesota legislative leaders have been making news recently.
NACHA Amendments Become Effective September 17: The National ACH Association (Nacha), has approved five amendments to the ACH rules that become effective on Sept. 17, 2021.
Federal Reserve Increases IORB Rate: The Board of Governors of the Federal Reserve System (Board) is issuing a final rule to increase the “rate of interest paid on balances" maintained at Federal Reserve Banks by or on behalf of eligible institutions (IORB Rate).
You’ll have the opportunity to hear from, and ask questions of, attorneys and other subject matter experts with expertise working with credit unions. The next webinars will take place on Nov. 10 and Jan. 11.
Visit the event page for more details and the registration links. If you have any questions, please contact MnCUN General Counsel, Tim Tacheny, via email or at 651-288-5517. The second Credit Union Foundation P2P of the year will continue with an open format conversation with peers and their efforts operating and promoting credit union foundations. This event is meant to be an opportunity to meet and share with one another. Details regarding content and presentations to come!
This event will be made only via webinar/conference call. Webinar and call in instructions will be provided to registered attendees. Date and Time: Tuesday, September 28, 2021 1:00 PM - 3:00 PM Cost: $39.00 Stay tuned for further announcements and updates! 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.
We’re excited to announce the credit union professionals accepted into the Trailblazers Executive Readiness Training. 30 members of the inaugural cohort will participate in the 12-month program, which is designed to accelerate executive level leadership skills and build credit union specific knowledge needed to succeed in our industry.
Having high-potential leaders in the pipeline is critical for credit unions and the industry. Designed by Minnesota Credit Union professionals – the program is intended to prepare emerging leaders for executive level positions. Topics include Leadership Skills, Credit Union Financials, Credit Union Operations, and Strategic Planning & Growth. Courses will be facilitated by both experts in the field and current credit union leaders. Upon completion, participants will receive a Minnesota Credit Union Executive Leadership Certification. Congratulations to the following individuals:
Save the date for the Minnesota Credit Union Network's ACCELERATE 21 – our rebranded Annual Conference. The event is planned to be back in person November 18-19, 2021 at the Radisson Blu MOA, Bloomington. MnCUN's biggest event of the year - these 2 days will feature guest speakers, educational sessions, networking, and opportunities to support great causes.
Sponsorship opportunities are now available. Credit union attendee registration will open this Friday. Watch our website and the Pulse for additional details coming soon! In a letter to state chartered credit unions last week, the Minnesota Department of Commerce announced that it would continue to control the costs of regulation for another year and noted that prior year revenue was higher than expected.
As such, credit unions should see a reduction in this year's assessment and the examination rate will remain consistent. The assessment for fiscal year 2022 is $421,000, down from $453,000 in 2021 and $518,000 in 2020. The examination fee for fiscal year 2022 is $87 per hour. State chartered credit unions should contact Marcia Lewis, Minnesota Department of Commerce Chief Examiner with questions. |
The PulseThe Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information. Archives
September 2021
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