Brian Sherrick, Chair, MnCUN Board Election Committee and President and CEO of Ideal Credit Union has announced the results of the 2021 Board Elections.
The following candidacy declarations were received for the four seats up for election in 2021:
Four declarations were received from the incumbents listed above; one for each open seat.
Pursuant to Article IV, Section 2(b) of the Bylaws of the Minnesota Credit Union Network, since only one person was nominated for each seat to be filled, no ballots will be distributed and board candidates and the board candidates Mary Hansen, Tom Smith, Julia Havens and Debora Almirall are each elected by general consent or acclamation.
The chair may declare this at the annual business meeting on April 23, 2021.
The State of Minnesota has launched a vaccine connector for those who have not yet received a COVID-19 vaccine.
The COVID-19 Vaccine Connector is a tool that helps Minnesotans find out when, where, and how to get a COVID-19 vaccine. By filling out the form the locator will:
To sign up go to: https://mn.gov/covid19/vaccine/connector/index.jsp
Are you looking for a professional development opportunity or want to get more involved with the Network and make the most of your membership?
Network Committees are seeking interested members for appointment following the Annual Business Meeting in April.
Board Committee members serve for one year – from their appointment through the following year’s Annual Meeting. Credit union staff may apply via a short application form, to get involved by serving on the Board committees listed below.
Applications will be accepted through Friday, March 12, 2021. The Network Board Chair will appoint Board Committee members following the Annual Business Meeting in April.
Awards Committee - facilitates statewide and national awards programs and judges other states’ award program entries. On the national level, the committee coordinates Minnesota’s entries for CUNA’s Dora Maxwell and Louise Herring Awards and the Desjardins Award for Financial Education. On the state level, the committee recognizes individuals through the Professional and Volunteer of the Year Awards. Network Staff Liaison: Julia Miller
Political Involvement Committee (PIC) - provides input and recommendations on legislative efforts at the state and federal level. Policy suggestions and regulatory roadblocks are brought to the attention of PIC to collectively formulate the Network’s positions on legislation. PIC is also responsible for political fundraising, and oversees the distribution of political contributions made to credit union-friendly candidates. Network Staff Liaison: Ryan Smith
Regulatory Review Committee - provides input and recommendations on proposed rules from various federal agencies that have the potential to impact credit unions. The committee meets regularly to review proposed rules that are out for comment and determines whether or not a response is necessary. Network Staff Liaison: Tim Tacheny
CREW Advisory Group - credit union staff, 40 and under, help brainstorm, plan and facilitate programming geared toward young professionals throughout the year. The group meets quarterly and is encouraged to participate in CREW-related programming, major MnCUN events and industry initiatives. Network Staff Liaison: Ben Hering
Any specific questions can be directed to the Network Staff Liaison listed for each committee.
Additionally, the Minnesota Credit Union Foundation committees – the Foundation Scholarship Council (FSC) and the Credit Unions for Kids (CU4Kids) - are currently accepting applicants from credit unions not represented in their group.
Members of the FSC committee conduct and raise funds for the annual scholarship through the Foundation. CU4Kids committee members facilitate and raise funds for Children’s Miracle Network, for the benefit of Gillette Children’s Specialty Healthcare. Please reach out to Network Staff Liaison, Ben Hering, for more details and to apply.
The Minnesota Credit Union Network is pleased to announce the recipients of their annual Minnesota Credit Union Marketing Awards. Winners were honored during a webinar on Feb. 18. The Award program recognize outstanding efforts in the areas of branding, community impact and outreach, digital advertising, video, and complete campaigns.
“Minnesota credit unions are doing remarkable things to grow brand awareness and market to members and nonmembers alike,” said MnCUN Vice President of Communications & Engagement Andrea Molnau. “The statewide awards program recognizes the best of the best. We would like to congratulate the winners and thank all of the 2020 applicants for their participation.”
New this year is the Best in Show distinction, awarded to a high scoring entry for each category.
2020 Minnesota Credit Union Marketing Award recipients:
The nearly 50 applications were evaluated by volunteer judges.
With the 2021 Annual Conference being held in November, the timeline for the Professional and Director (formerly Volunteer) of the Year has changed.
Nominations for both awards will open in August with winners notified in mid-September. The opening of nominations will be communicated via email and the Pulse.
Contact Julia Miller, MnCUN Director of Communications with questions. Visit the Awards page for more information and updates.
Alloya Corporate FCU and TruLync, a wholly owned subsidiary of the Minnesota Credit Union Network (MnCUN), announced today that they have entered a strategic partnership under which Alloya Corporate will acquire TruLync’s item processing services. The transaction is expected to be completed by third quarter of this year.
“We are thrilled about this partnership with Alloya,” commented Mark Cummins, President & CEO of TruLync and MnCUN. “Credit unions continue to depend on affordable, reliable and efficient check processing services. With check volumes in a steady decline over the past decade, it was time for TruLync to evaluate its strategic options. We know credit unions need a solution for the future and Alloya’s TranzCapture suite will ensure access to exactly that for many years to come.”
Launched in 2016, TranzCapture is a credit union service organization (CUSO) co-owned by Alloya Corporate FCU. At that time, Alloya’s Board of Directors realized that credit unions throughout the country would need a credit union owned and controlled solution to support check processing as volumes declined. As a result, Alloya partnered with other corporate credit unions to design, invest and build a solution that will ensure credit unions have an efficient, secure and cost-effective option.
Today, nearly 4,500 credit unions use check processing technologies powered by TranzCapture to gain access to a full suite of remote deposit capture services for ATM, branch, business, ITM and mobile and an efficient check clearing and home banking solution. Alloya’s team of professionals support this technology by providing research, adjustment, file processing and cash settlement services. This nationwide check processing solution helps credit unions overcome the challenges of diminishing check volumes while significantly reducing their operating expenses as compared to in-house or competitor alternatives. In 2020, Alloya processed 136 million checks valuing $131.2 billion.
“Alloya is honored to have been selected by TruLync. We share common values and both businesses represent strong examples of the power of cooperation,” remarked Todd Adams, CEO of Alloya Corporate. “At Alloya, our mission is to support credit union success by simplifying back-office operations. Many of TruLync’s credit union members already use Alloya’s Premier View technologies. Through this acquisition, check processing will simply be one more feature those credit unions can efficiently access through the platform. Working together, we anticipate a smooth transition.”
TruLync Services, including the business lines of Prize Linked Savings and M360 Data Analytics, will not be impacted by the transaction. “This as an opportunity for us to expand TruLync’s efforts in offering technology solutions such as WINcentive PLS and M360 Data Analytics. We look forward to continuing to provide services which improve credit union efficiency, increase performance, reduce risk, and enrich member relationships,” continued Cummins.
With questions, contact MnCUN President & CEO Mark Cummins or Chief Operating Officer John Ferstl.
America Saves Week is February 22 - 26, 2021. Since 2007, America Saves Week has been an annual celebration as well as a call to action for everyday Americans to commit to saving successfully. Through the support of thousands of participating organizations, together we encourage our local communities to prioritize checking in on their finances and saving behaviors during the week. The America Saves pledge is the framework that allows savers to set a goal, and make a plan to achieve better financial stability.
Join MnCUN for America Saves Week as we share tools and resources with our community that inspires individuals and families to save successfully and achieve better financial stability.
Sign up to participate
The Minnesota Credit Union Network is saddened to announce the passing of Carol Tower of Mid Minnesota Federal Credit Union.
For 14 years, Carol Tower was a caregiver for MMFCU and the credit union movement in Minnesota and nationally.
She served in leadership roles as a Grassroots Coordinator and as Secretary for the Central Minnesota Chapter of Credit Unions and participated in the Women's Leadership Network.
As a direct reflection of her effectiveness as a Grassroots Coordinator, MMFCU was recognized multiple years as having the highest percentage of employees and members participating in GREAT.
She annually organized and participated in CU Day at the Capitol, passionately sharing her love for credit unions and stories of member impact with local law makers and state-wide leaders. Nationally, Carol regularly attended GAC and Hike the Hill events.
A private service will be held in Brainerd. For more information, view her Obituary in the Brainerd Dispatch. MMFCU will be honoring Carol as a Credit Union Builder.
The election process for the Minnesota Credit Union Network Board of Directors is underway and began with the call for candidates, which went out on January 15. Candidacy declarations are due by next Friday (2/19).
Four seats are up for election in 2021: two in the at-large category (3-year terms), and two in the 10,000 or fewer credit union members category, one for a 3-year term and the other a 1-year term to fill the unexpired term of Terri Maloney who retired this past July. Visit the 2021 Board Elections webpage for more information, including instructions on how to declare as a candidate.
The Minnesota Credit Union Employee Benefits Plan (The Benefits Plan) is an association health plan that is helping provide cost effective health benefit options for employees of Minnesota credit unions.
Association health plans are controlled by the employers that participate in the plan through a board of trustees. The Benefits Plan board is comprised of seven trustees. Two are appointed from the plan sponsor, MnCUN. One is appointed from the Network board of directors. The remaining four are elected from the participating credit unions. The initial Board was appointed, and the plan is now holding its first elections. Four seats are up for election in 2021: two for one-year terms and two for two-year terms.
More information on the election can be found on the 2021 Board of Trustees Elections webpage.
The Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information.