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Learn more about the outstanding programs, new initiatives, and well-deserved recognition received by your peers recently:
Arise Community Credit Union has recently announced a leadership change. Dan Johnson has decided to move on from his role as CEO and Francis Odhiambo, who recently served as Chair of the Arise Board of Directors, will take his place. Debra Hurston, Executive Director of the Association for Black Economic Power (ABEP) and a longtime advocate of making Arise a reality, has been chosen to serve as the new Board Chair.
The Arise Board and Francis are excited to carry out the mission to serve and create financial opportunities for residents of North Minneapolis. Please join MnCUN in welcoming Francis to his new role! The Minnesota Credit Union Network is saddened to learn of the passing of David Douglas. Dave worked for Credit Union Leagues in Iowa, Minnesota, and Oklahoma, where he served as Vice President. He retired from the Minnesota Credit Union League in 1999 and was remembered by staff for his thriftiness and Pontiac Firebird.
View Dave's Obituary.  Last week at the Credit Union Financial Education Network 2024 Conference in Reno, NV, four Minnesota credit unions received national recognition for their financial education efforts:
Northern Communities Credit Union Asset Size $150 million or less 1st place Most Adults Reached 1st Place Most Adult Presentations HomeTown Credit Union Asset Size $150 million or less 2nd Place Most Adult Presentations 2nd Place Most Students Reached 2nd Place Most Student Presentations Mid Minnesota Federal Credit Union Asset Size $500-$999 million 2nd Place Most Adult Presentations 3rd Place Most Adults Reached TopLine Financial Credit Union Asset Size $500-$999 million 3rd Place Most Adult Presentations Overall, during the most recent report year (July 1, 2023 - June 30, 2024), here is how Minnesota ranked among states that submitted data:
Additionally, Minnesota took 4th place for total youth presentations overall! Samantha Neumann with Northern Communities Credit Union and Jodi Slais with Wings Credit Union were elected as North Regional Coordinators with on the Executive Committee and Trysh Olson was re-elected as Chair. CUFEN (formerly known as NYIB)'s mission is to equip the credit union industry to provide financial education opportunities for all ages. Register to report your financial education presentations with CUFEN! The information is used by the Minnesota Credit Union Network to promote community service efforts and the Credit Union Advantage to consumers and elected officials. Learn more about the outstanding programs, new initiatives, and well-deserved recognition received by your peers recently:
Got news of your own? Send stories, pitches, press releases and published articles to MnCUN Director of Communications Julia Miller. Learn more about the outstanding programs, new initiatives, and well-deserved recognition received by your peers recently:
NCUA Charters Tribe Federal Credit Union: The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Tribe Federal Credit Union in Minneapolis. Northwoods Credit Union Announces Promotions: Northwoods Credit Union, member-owned and founded in 1936 is pleased to announce several promotions. Blaze President to Retire on July 1: Blaze Credit Union has announced that President/Chief Transformation Officer Dave Boden will be retiring on Monday, July 1. Royal Credit Union Earns Home Possible RISE Award From Freddie Mac: Royal Credit Union has been awarded a Freddie Mac Home Possible RISE Award in the category of “Fastest Growth for a Credit Union." Affinity Plus and Build Wealth Minnesota Join Forces to Boost Credit and Savings in Underserved Communities: Affinity Plus Federal Credit Union (Affinity Plus) and Build Wealth Minnesota (BWMN) today announced the beginning of a pilot program designed to empower families in underserved communities to repair their credit and build savings. Got news of your own? Send stories, pitches, press releases and published articles to MnCUN Director of Communications Julia Miller. Learn more about the outstanding programs, new initiatives and well-deserved recognition received by your peers recently:
Got news of your own? Send stories, pitches, press releases and published articles to MnCUN Director of Communications Julia Miller. Credit Unions Promote Financial Well-being for All
Credit unions are encouraged to share their plans for April or financial education success stories with the Minnesota Credit Union Network by contacting Director of Communications Julia Miller by email. Minnesota Credit Unions Honored for Excellence in MarketingCongratulations to the MnCUN Member Credit Unions for receiving the Marketing & Business Development Council of America’s Credit Unions:
Credit unions, advertising agencies, and associations submitted a record 1,451 submissions for the prestigious award representing the best marketing campaigns in the industry during 2023. Minnesota Credit Unions Experience Member Growth and Financial Stability According to National Credit Union Administration’s (NCUA) Quarterly U.S. Map Review, Minnesota credit unions experienced solid performance along key indicators, including:
Got news of your own? Send stories, pitches, press releases and published articles to MnCUN Director of Communications Julia Miller. Arise Community Credit Union, First Black-led Credit Union in Minnesota Receives State Charter3/27/2024
Last week, the Minnesota Department of Commerce announced that they have issued a charter for Arise Community Credit Union, a new credit union to be based in North Minneapolis.
According to the Commerce Department, Arise is first new state-chartered credit union chartered in 23 years in Minnesota and the first Black-led credit union in the history of the state. The Association for Black Economic Power (ABEP), the credit union's sponsor, is a nonprofit organization created to establish a Black-led credit union to address systemic financial challenges impacting Minneapolis residents, particularly people of color. To support ABEP in their effort, the Minnesota Credit Union Foundation (MnCUF) raised over $1 million in capital from support of the credit union community. The MnCUF provides grants, community partnerships, professional development and disaster relief to help the state's credit unions and communities prosper and thrive. Additionally, the Minnesota Credit Union Network (MnCUN) provided guidance and connection to expertise within the credit union community to help ABEP initiate the charter application process. “Arise Community Credit Union is a testament to the credit union advantage. When our values and commitments come together to lift-up and invest in communities, our entire state benefits. The Minnesota Credit Union Network will continue its leadership promoting the cooperative model across Minnesota, to ensure financial access and opportunity for all Minnesotans,” said MnCUN President and CEO Mara Humphrey. Arise Community Credit Union anticipates opening a branch in North Minneapolis later this year and will hold a community celebration on March 28 at 5:30 p.m. at Shiloh Temple in Minneapolis. MnCUN and ABEP are hosting a celebration for credit union contributors following ACCELERATE 24. |
The PulseThe Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information. Archives
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