But perhaps the simplest thing of all is your participation! Within this resource hub, you will find everything you need to plan for and engage your credit unions in this easy and exciting, nationwide collaboration to elevate the credit union story. You also have the freedom to personalize these materials with your branding, design your own content, and add your unique touches that will speak to your membership.
Just Remember – To make the biggest impact, we must post on the same day, with the same hashtag! So, mark your calendar for Friday, July 26, 2024 and get ready to have fun raising credit union awareness with #ilovemycreditunion! Visit the #ILoveMyCreditUnion website to sign up, explore the 2024 tools, enter to win a swag box, and much more! ![]() The annual MnCUN CEO Conference was held June 26-28 at Pier B Resort in Duluth, MN. This event featured presentations from speakers on a variety of pertinent credit union topics, provided opportunities to connect with other CEOs, and offered a cooperative forum in a relaxing setting to share expertise and experiences. Speakers included Cherie Freed, Regional Director, NCUA, Mike Schenk, Chief Economist, America's Credit Unions, and Aaron Brown, Author, Columnist and Instructor. The event included round tables facilitated by Dave Boden, President of Blaze CU; and an open discussion on the efforts of the State Charter working group’s Think Tank, facilitated by Aaron DeJong, CEO of Red Wing Credit Union. The attendees also participated in a visit to the Lincoln Park, hearing from Jodi Slick, CEO of Ecolibrium3, about the revitalization of the neighborhood and the collaborative efforts of those involved. Thank you to TruStage for their sponsorship of the conference. With questions, please contact MnCUN Vice President Communications & Engagement Andrea Molnau. According to the National Credit Union Administration’s (NCUA) Quarterly U.S. Map Review, Minnesota credit unions outpaced the national trend in membership growth during the first quarter of 2024. Membership at Minnesota credit unions grew 0.80% in median year-over-year member growth, ranking 8th in the nation and above the national average of -0.2%.
Minnesota credit unions also had strong performance along key indicators:
According to the NCUA first quarter update, credit unions in Minnesota are now serving over 2.2 million members, representing nearly $42 billion in assets, with nearly 2.2 million credit union members in Minnesota, 397 branches, and 5,879 employees. The Minnesota Credit Union Network office will be closed in observance of the 4th of July holiday. Happy Independence Day!
![]() Today, the Credit Union Movement will mark 90 years of the National Credit Union Act, which was signed into law on June 26, 1934. This key milestone is a reason for credit unions to celebrate. The legislation made it possible for credit unions to organize under state or federal charter and created the Bureau of Federal Credit Unions, the first government agency to oversee credit unions. The organization later became the National Credit Union Administration (NCUA). The act was spurred into law by a grassroots movement in America working to spread the idea of cooperative credit. In the decades after the act was signed, credit unions grew rapidly, even during tough economic times. A 1964 Social Security Administration report shared that in 1934, there were 39 credit unions in the U.S. serving 3,200 Americans; by 1964, there were 11,200 credit unions with 7.7 million members. Today, more than 140 million Americans belong to a credit union and benefit from being part owners in an independent financial cooperative. In Minnesota, there are 86 credit unions with 2.1 million members at 397 branch locations, employing 5,879 people around the state. Celebrate on social media with the hashtags #creditunions and #peoplehelpingpeople. Stay tuned for more details as Minnesota will celebrate 100 years of credit unions in 2025!
![]() On July 26, the credit union movement will come together to inspire authentic and high-energy conversation about why we love our credit unions under the common hashtag, #ilovemycreditunion. Our goal is also simple – To utilize all social platforms to raise awareness about credit unions and share stories about the amazing things they do. But perhaps the simplest thing of all is your participation! Within this resource hub, you will find everything you need to plan for and engage your credit unions in this easy and exciting, nationwide collaboration to elevate the credit union story. You also have the freedom to personalize these materials with your branding, design your own content, and add your unique touches that will speak to your membership. Enter the raffle a chance to win an exclusive swag kit for your credit union staff to enjoy! There are two simple steps to enter, and the deadline is July 1, 2024. Just Remember – To make the biggest impact, we must post on the same day, with the same hashtag! So, mark your calendar for Friday, July 26, 2024 and get ready to have fun raising credit union awareness with #ilovemycreditunion! Visit the #ILoveMyCreditUnion website to sign up, explore the 2024 tools, enter to win a swag box, and much more! The Minnesota Credit Union Network offices will be closed in recognition of the Juneteenth holiday next Wednesday, June 19. The Pulse will be distributed on Thursday, June 20.
Last week, the Minnesota Credit Union Network Awards Committee met to discuss opportunities to update recognition programs, particularly in light of America’s Credit Union's temporary suspension of the awards program in 2024.
MnCUN will offer a state-level competition for the Dora Maxwell, Louise Herring, and Desjardins awards and will open submissions in late August or early September to coincide with the Minnesota Credit Union Marketing Awards. American's Credit Unions will introduce fresh recognition opportunities in 2025 and we will keep you informed as more details unfold. The committee also discussed evaluating the categories, criteria, and recognition for the Outstanding Professional and Director of the Year. Any changes or updates for those awards will be announced in early 2025. For questions on the state-level programs, contact Julia Miller, MnCUN Director of Communications. |
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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