Treasury Secretary and NCUA Chair Support Third Party Vendor Oversight: Treasury Secretary Janet Yellen testified to the House Financial Services Committee and the Senate Banking Committee last week to give the annual report of the Financial Stability Oversight Council.
2024 Minnesota Legislative Session Begins with New Bill Proposals and New Senate Leadership: Monday was the first day of the shorter, even-year legislative session.
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, Chief Advocacy Officer Lizzy Cheney, Recruiter with Members Cooperative Credit Union, was named to participate in The Cooperative Trust’s award-winning Crash program at this year’s Governmental Affairs Conference (GAC) in Washington D.C. While this year marks the 15th “Crash the GAC” event, it is the first to be hosted by America’s Credit Unions. The event scheduled to take place March 3 – 7 brings together industry leaders and advocates to discuss critical issues facing the credit union landscape. America’s Credit Unions generously covers the registration costs for 51 Crashers to attend the nation’s largest credit union event, presenting a tremendous opportunity for these young professionals to attend. The Cooperative Trust is thrilled to bring along seven additional Crashers who were sponsored by their credit unions. "Congratulations to Lizzy Cheney for being selected to the Crash the GAC program," said Minnesota Credit Union Network Chief Advocacy Officer Ryan Smith. "Young professional involvement in federal advocacy is critical in ensuring credit union interests are promoted in the future. The Crasher program is unmatched in preparing young leaders to advance the credit union movement." The 2024 Crash the GAC delegation comprises 58 talented credit union professionals from across the country who have demonstrated exceptional dedication to the credit union movement. These emerging leaders have played pivotal roles within their credit unions and have shown a commitment to advancing the values and principles that define the industry.
The Minnesota Credit Union Network is pleased to announce that Brian Sherrick, President & CEO of Ideal Credit Union, has been appointed as Minnesota's CULAC Trustee. Sherrick has previously served as the chair of the MnCUN Political Involvement Committee and Vice Chair of the MnCUN Board of Directors and succeeds Dave Boden. MnCUN thanks Dave Boden for his service.
CULAC, the Credit Union Legislative Action Council, is the political action committee (PAC) that supports credit union-friendly candidates running for federal office. Trustees serve as the liaison between their state league and CULAC and are elected to two-year terms. Their goal is to increase credit union involvement in CULAC and political activities. Trustees are also responsible for the governance of CULAC in pursuit of a stronger federal political action committee for all credit unions. For more information, visit the Support CU Advocacy page.
Congratulations to the following recipients of the Minnesota Credit Union Foundation GAC Scholarship:
This scholarship was created to provide financial assistance to credit union staff or board members who are MNCUN members and wish to participate in the Governmental Affairs Conference. 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. 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.
The Minnesota Credit Union Network was notified earlier this week that Max Zappia will join the Minnesota Office of Cannabis Management (OCM) on a temporary assignment as its Implementation Chief Regulatory Officer. Zappia, the Deputy Commissioner of Financial Institutions at the Minnesota Department of Commerce, will be on a temporary reassignment from his current role to lead the design, implementation, and launch of the regulatory structure for the OCM.
In his role at the Department of Commerce, Zappia oversees the Financial Institution Division teams that work on regulation of state-chartered banks, state-chartered credit unions, and non-depository (non-bank) financial institutions licensed in Minnesota, encompassing finance companies, mortgage-related businesses, and money transmitters. He starts at the new agency today, Wednesday, November 29. Michael Crow, the Chief Examiner of the Financial Institutions Division, has been named interim department head while Zappia is on assignment. MnCUN prioritizes maintaining an excellent working relationship with the Department of Commerce and are confident that will continue during Mr. Crow’s tenure. In the meantime. Aeton de Long-Hersh, the Department’s Credit Union Chief Examiner, will remain in his role and you can feel free to reach out to him if you have any questions. |
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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