The Pulse
|
|
 Credit unions and industry partners are pulling together final plans to spread kindness in recognition of CU Forward Day 2022 on Monday, October 10. So far, 61 organizations have confirmed their participation in initiatives surrounding CU Forward Day supporting our communities throughout Minnesota and beyond. Giveback activities include large group volunteer projects, park clean-ups, food drives, contributions to nonprofits, surprising family members and friends in need, and committing random acts of kindness for others.
To celebrate the spirit of the day, participants in volunteer and giveback activities are welcome to join the CU Forward Day After Party, hosted by United Financials Making a Difference. This casual event is meant to foster community connections and will include an optional food drive in support of Keystone Community Services. Anyone involved in spreading kindness as a part of CU Forward Day is invited – register to let the after party committee know you’re coming! Please visit the CU Forward webpage for updates, to gain access to the CU Forward Day toolkit, and begin planning activities for this year’s kindness day. With questions, please reach out to Director of Engagement, Ben Hering, via email. The Minnesota Credit Union Network Marketing Awards acknowledges the outstanding programs credit unions have created to grow brand awareness and market to members and nonmembers alike. There is no cost to submit entries for Minnesota Credit Union Network-affiliated credit unions and submissions are open through 11:59 p.m. Central Standard Time on Tuesday, November 1, 2022. Please note that the entry categories have been updated for 2022! Contact MnCUN Director of Communications Julia Miller with questions.
More information and submissions forms are available on the Marketing Awards page of the MnCUN.org website. Contact Julia Miller, MnCUN Director of Communications by email with questions.
120 credit union professionals and board members attended LEAD 22 at Madden's in Brainerd. General and Breakout sessions featured industry experts providing insight and relevant information on top credit union issues. Sessions throughout the weekend were designed for both credit union professionals and Board members. Speakers included:
Other highlights include:
Thank you again to our sponsors, and we look forward to gathering again in Brainerd next fall!  According to National Credit Union Administration’s (NCUA) Quarterly U.S. Map Review, Minnesota credit unions experienced solid performance along key indicators, including median annual asset growth, median annual and deposit growth, membership growth and positive year-to-date net income during the second quarter of 2022. Highlights of the Quarterly Map Review include:
According to the NCUA, credit unions in Minnesota are now serving nearly 2.1 million members. In 2019, MnCUN embarked on a goal to increase the percentage of Minnesotans belonging to a credit union to 50% by 2030. MnCUN analysis of NCUA shows that credit union membership continues to increase, and as of June 2022, is 35.5%. Credit Union Professionals to Participate in Second Year of Tristate Mentorship Match Program9/12/2022
 73 participants from three states were selected to participate this year’s Tristate Mentor Match - a 12-month formal mentorship program developed in partnership by the Minnesota Credit Union Network, Montana’s Credit Unions and the Wisconsin Credit Union League. The program is designed to build, grow, and support professionals and inspire commitment to a career in the credit union movement. “Mentoring is a cost-effective, valuable tool for developing the credit union movement’s most important asset, our people,” said Mark Cummins, President of the Minnesota Credit Union Network. “We are thrilled at the success of the first year of the collaboration, and are pleased to see even more participants in this second year of the program.” 37 pairs will meet monthly for the next year, supported by a program guide, check-ins from league staff, and additional resources to help maximize the experience for both the mentee and mentor. Congratulations to the Minnesota Credit Union Network participants:
The Tristate Mentorship Match is sponsored in part by Alloya Corporate Federal Credit Union, Corporate Central Credit Union, and Millennium Corporate Credit Union. The Minnesota Credit Union Employee Benefits Plan, the association health plan that allows Minnesota credit unions and credit union service organizations (CUSOs) to offer health benefits to their employees is ready to provide rates. For plan year 2023, participating Minnesota credit unions and CUSOs will see only an average increase of 1.7%.
The rates demonstrate the benefits of utilizing the cooperative model to reduce cost and risk volatility by spreading those costs and risks over a larger group, and have more options to offer employees and their families. Request a quote today!  Tomorrow, at the Great Minnesota Get Together, credit unions from across the state will host the life-sized board game, "Go Big or Go Broke®" at a day-long event in Dan Patch Park in partnership with UCare.
Go Big or Go Broke, the game where BIG stands for Behaviors Impact Goals and players learn how their choices can impact their financial future, is designed to provide financial education in a fun and engaging way. The game has been donated and offered in partnership by Royal Credit Union. This event is part of the Awareness and Consideration campaign and is supported by mobile and out of home ads throughout the State Fair and a 12-day feature with iHeart media. Both Saturday’s of the Fair, MnCUN staff will host a live Go Big or Go Broke trivia game at 2:00 p.m. at the K102 booth. Thank you to the Minnesota Credit Unions who provided staff and prizes for the initiative! Accentra Credit Union City & County Credit Union First Alliance Credit Union FIRST PACE Credit Union Hiway Credit Union Ideal Credit Union Magnifi Financial Credit Union Members Cooperative Credit Union Mid Minnesota Federal Credit Union Minnesota Valley Federal Credit Union North Memorial Credit Union Northern Communities Credit Union Royal Credit Union SouthPoint Financial Credit Union SouthPoint Financial Credit Union SPIRE Credit Union TopLine Financial Credit Union If you are at the Fair - stop by and join in the fun!  Join us September 14-16 at Maddens on Gull Lake, Brainerd for LEAD 22 - the Minnesota Credit Union Network’s rebranded Fall Leadership Conference. This in-person event will feature industry experts providing insight and relevant information on top credit union issues.
Conference Registration Deadline – Wednesday, August 24, 2022 With educational sessions and recreation activities, this event provides an opportunity to come together with your credit union colleagues for learning, networking, and fun! More information, schedules, lodging information and registration links are available online at mncun.org/lead22. The Minnesota Credit Union Network (MnCUN) is pleased to announce the state-level winners of the 2022 Dora Maxwell, Louise Herring and Desjardins award competitions. These awards are sponsored each year by MnCUN and the Credit Union National Association (CUNA).
“The Dora Maxwell, Louise Herring, and Desjardins statewide award winners illustrate how credit unions live the “people helping philosophy” through their everyday operations, community service and education,” MnCUN President & CEO Mark Cummins. “We are proud of the work that they do to improve their members’ financial well-being and communities as a whole.” The winning entries will compete against statewide winners from across the country. Entries will be judged by the CUNA Awards Committee this fall. Entries that place in the national competition will be recognized during the 2023 Governmental Affairs Conference. The 2022 Minnesota award-winners in the asset categories noted are: Dora Maxwell Social Responsibility Community Service Award $50 - 250 million in assets: Associated Healthcare Credit Union, PCs for People Technology Drive $250 million - $1 billion in assets: Ideal Credit Union, Feeding Our Communities Initiative More than $1 billion in assets: Affinity Plus Federal Credit Union, Kick Start Campaign for the Polar Plunge (Special Olympics Minnesota) Louise Herring Philosophy-in-Action Member Service Award $50 - 250 million in assets: NorthRidge Community Credit Union, Manufactured Homes: Affordable Housing for All $250 million - $1 billion assets: TopLine Financial Credit Union, DEIA Advisory Group More than $1 billion in assets: Hiway Credit Union, Builder Accounts Desjardins Adult Financial Education Award $50 - 250 million in assets, HomeTown Credit Union, Northfield College and Career Readiness Partnership/Let's Master Money Gameshow $250 million - $1 billion in assets: TopLine Financial Credit Union, LSS Financial Counseling Partnership More than $1 billion in assets: SPIRE Credit Union, Hubert H. Humphrey Job Corps Partnership Desjardins Youth Financial Education Awards $250 million - $1 billion in assets: TopLine Financial Credit Union, Wayzata Financial Literacy Internship More than $1 billion in assets: SPIRE Credit Union, Building Financial Freedom The Dora Maxwell Social Responsibility Community Service Award was created in 1987 and recognizes credit unions for the activities they coordinate that benefit the community or a specific charity. This award promotes social responsibility among credit unions by formally recognizing their achievements outside the credit union. The Louise Herring Philosophy in Action Member Service Award is given to a credit union for its practical application of the "people helping people” philosophy in internal operations. Created in 1990, this award promotes the credit union philosophy by formally recognizing credit unions that demonstrate in an extraordinary way the application of the movement's principles in serving their members. The Desjardins Youth and Adult Financial Education Awards formally recognize the leadership of individual credit unions and chapters in their efforts to better educate youth and adults in financial literacy. More information can be found on the National Awards Page. |
The PulseThe Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information. Archives
September 2022
Categories
All
|
RSS Feed
