The Pulse |
 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. Thank you for your continued support and trust!
"As a small shop, Teamsters Credit Union relies on the support and guidance we receive from our Minnesota Credit Union Network. The Network is a lifeline for small credit unions! We know we have someone we trust – who we can call with questions on everything from compliance and legal matters to strategic planning for our future growth and success. We appreciate the educational opportunities, events, and networking opportunities the Network provides to help us stay connected with our credit union partners and colleagues. The Network staff have always gone above and beyond to listen to the needs of Teamsters Credit Union. They connect the dots for us in ways that help our credit union stay relevant to our membership. No matter the question – or event – the Network staff always helps us feel connected and gets us more excited to be part of the credit union movement. We share the same members helping members philosophy!" -Andrea Adams, President, Teamsters Credit Union "The strong relationships the Network Advocacy team has built with not only the Senators and the Reps, but their staffers as well, are obvious and really goes a long way to help Minnesota Credit Unions." - Andy Deans, Mortage Servicing Manager, Hiway Credit Union Membership in MnCUN and national trade associations ensures your connection to powerful advocacy, expertise, resources, opportunity, and influence. MnCUN staff would like to thank each member for supporting a thriving credit union system in Minnesota. The CUNA National Awards Committee announced the 2023 recipients of the Dora Maxwell Social Responsibility Community Service Award, Louise Herring Philosophy-in-Action Member Service Award, and Desjardins Awards for Financial Education.
Congratulations to the MnCUN member credit unions for their winning entries:
"I am proud of Minnesota credit unions for honoring the legacies of credit union pioneers by providing financial education and giving back to their communities," said MnCUN President & CEO Mara Humphrey. "Congratulations to MY CU, Royal CU and TopLine Financial CU for identifying needs and providing innovative programs to advance the financial and overall well-being of their communities." The awards, which are given in multiple credit union asset sizes, were selected among state-level winning entries to compete nationally. Winners will be recognized in a virtual ceremony in January 2024 and at GAC in Washington D.C., March 3 to March 7. Thanks to those that joined us for the Network 2.0 meetings held in coordination with credit union chapters across the state. MnCUN President & CEO, Mara Humphrey, and MnCUN staff, shared MnCUN’s vision, gathered feedback, and provided updates on current and new initiatives for Minnesota Credit Unions.
Discussion topics included:
If you were unable to attend or have additional feedback on how MnCUN can serve credit unions better, please reach out to MnCUN President and CEO, Mara Humphrey. The Minnesota Credit Union Network is the single greatest champion for Minnesota credit unions; therefore, we commit to dynamic, bold advocacy; inclusive collaboration; and innovative solutions that help accelerate the growth of credit unions.
Towards that goal, your membership benefits in MnCUN include:
The creation of American's Credit Unions, through the merger of CUNA and NAFCU, also provides an opportunity to evolve the credit union system to be more effective, responsive, and bolder advocates for credit unions. Based on discussions with member credit unions and the MnCUN Board of Directors, we encourage the proposed America’s Credit Unions to ensure the merger’s benefits strategically align with what is best for credit unions and ensure every credit union has the opportunity to thrive. It is an opportunity to provide a powerful, aggregated voice for national credit union policy and unified credit union advocacy. 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. Contact MnCUN President & CEO Mara Humphrey with questions on the benefits of affiliation with MnCUN. At their October 13th meeting, the MnCUN Board approved the dues factor which will not change from 2023, using June call report data to determine credit union asset sizes. By holding the dues factor steady we remain dedicated to delivering the highest value to our members while supporting the industry across the state.
Over forty-five percent of Minnesota credit unions will see a decrease in MnCUN dues for 2024. The MnCUN Board is cognizant of the current economic uncertainty and recognizes that many credit unions have seen a decrease in asset size over the past year. As we await the outcome of the CUNA/NAFCU merger vote, we know that for 2024, both organizations are calculating dues using the same CUNA methodology or NAFCU methodology currently in effect as of December 31, 2023. Current members of CUNA and NAFCU are encouraged to pay 2024 membership dues for both organizations. Invoices and full membership information, reflecting the outcome of the merger, will be sent in December, with a due date of January 31, 2024. The Board discussed future revenue projections and scenarios, along with prioritizing strategic initiatives, which will help guide direction and priorities for the organization into the future. The MnCUN Board also concurred with the recommendation of the Awareness Fund Committee to move forward with a Minnesota-specific Awareness initiative for 2024, growing credit union knowledge and interest by telling local stories, amplifying values, and sharing insights about the advantage of being a Minnesota credit union member. More details on the new program will be announced to credit unions in October. Thank you for your continued support and trust. As a member of MnCUN, you have the support of the only trade association that champions Minnesota Credit Unions, ensuring credit union priorities are front and center as we advocate, accelerate, and collaborate to ensure a thriving credit union system in Minnesota.  Tomorrow is International Credit Union Day, an opportunity to raise awareness and celebrate what makes credit unions unique: a mission to bring financial inclusion and well-being to people all over the world. In Minnesota, Gov. Tim Walz has proclaimed October 19 as Credit Union Day.
The Minnesota Credit Union Network is pleased to commemorate 75 years of collective achievements across the credit union global movement on October 19, 2023. Since its inception in 1948, International Credit Union Day has been celebrated through outreach, volunteering, fundraising and other activities. In 2023, we mark this celebration’s historic 75th anniversary. This milestone offers us the unique opportunity to acknowledge the tireless effort of credit union employees while celebrating members the world over. Share how you are celebrating the day by using the #ICUDay hashtag and tagging MnCUN (@mncreditunions) on social media. Nearly two-thirds of Minnesota Credit Unions spent one day to give back on Monday, October 9 through donations, park clean ups, food drives, and supporting local nonprofits and community organizations deliver their services. Highlights include:
This year is the tenth anniversary of when Affinity Plus Federal Credit Union hosted its first organization-wide Plus It Forward Day in 2013. A play on “pay it forward,” the Plus It Forward concept grew out of an employee-driven idea of what it meant to be a part of the community and how credit unions could randomly spread kindness. The Minnesota Credit Union Network assumed the coordination of credit union participation going forward under the umbrella name CU Forward Day starting in 2017. Ten years later, CU Forward Day has spread to seven additional states. It brings together credit union employees, members, and partners to help community organizations and individuals by volunteering and spreading kindness. Credit Union Coordinators: Please complete the post-event survey. We can't wait to share the results of all your efforts showing the people helping people philosophy! We are excited to continue our series of regional events in partnership with our various chapters throughout Minnesota. Our new president, Mara Humphrey, along with MnCUN staff, will be traveling around the state to share MnCUN’s vision, gather feedback, and provide updates on current and new initiatives for Minnesota Credit Unions. All credit union employees and directors are welcome to attend. Each event costs to attend is $29 and includes dinner or hors d'oeuvres.
Central Minnesota Chapter on Tuesday, October 24, from 4:30 p.m. to 8:15 p.m. at Fraternal Order of the Eagles(730 41st Ave N., Saint Cloud, MN 56303). Registration Deadline is today! Twin Cites Chapter on Thursday, October 26 from 4:00 pm – 7:00 pm at The Machine Shed (8511 Hudson Blvd N, Lake Elmo MN 55402) Registration deadline is Friday, October 20th Southwest Chapter on Thursday, November 2 from 5:30 pm – 8:00 pm at The Redwood Area Community Center (901 E. Cook Street, Redwood Falls, MN 56283) Registration deadline is Friday, October 27th Arrowhead Chapter on Wednesday, November 8 from 3:30 pm – 6:30 pm at Clyde Iron Works (2920 W. Michigan Street, Duluth MN 55806) Registration deadline is Wednesday, November 1st Contact MnCUN Director of Engagement, Xiong Lee, with questions.
To join, please register to confirm your credit union's participation in CU Forward Day 2023. With questions, please contact Director of Engagement, Xiong Lee, via email or by phone at (612) 802-7695.
CU Forward Day After Party To celebrate the day, participants are invited to the CU Forward Day After Party, hosted by United Financials Making a Difference (UFMD), at Keg and Case Market in Saint Paul starting at 2 p.m. on Monday, October 9. UFMD and sponsoring credit unions will host food and beverages for all credit union staff and volunteers participating in CU Forward Day. This event is free for all CU Forward Day participants and volunteers from participating credit unions. Registration is not required. |
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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