Credit Unions in the News

Credit Unions Promote Financial Well-being for All

• Royal Credit Union wins Wisconsin Governor's Financial Literacy Award: The Wisconsin Governor’s Financial Literacy Award is annually presented to individuals and organizations that have provided exceptional financial education with an innovative and inclusive approach.  Royal received the award in recognition of “Go Big or Go Broke,” a life-sized board game that was designed by Royal to deliver interactive financial education to young adults aged 17 to 22. 
• Star the Yeti is featured in new children's book on saving money:  A team from the North Star Credit Union has published a new children’s book that they are now using as a tool for financial education out in the community. “Star Saves for an Adventure,” tells the story of North Star Credit Union Mascot, Star and the lessons she learned about earning and saving money. The book features photos from historic locations across the area.
• The Minnesota Council on Economic Education and the Minnesota Jumpstart Coalition are hosting a National Financial Well-being Month panel discussion, “Bringing Economics to Life! -- A Series of Conversations Aimed at Using Economics to Better Understand Our World and Address Its Challenges.” The session includes a panel discussion that will delve into the intersection of personal finance education and cultural intelligence, exploring how cultural perspectives shape financial behaviors and decision-making. All are welcome to join: Tuesday | April 30 | 4:00 PM - 5:00 PM CT | Virtual - Zoom Webinar.

​Credit unions are encouraged to share their plans for April or financial education success stories with the Minnesota Credit Union Network by contacting Director of Communications Julia Miller by email.

Minnesota Credit Unions Honored for Excellence in Marketing

Congratulations to the MnCUN Member Credit Unions for receiving the Marketing & Business Development Council of America’s Credit Unions:

• Affinity Plus Federal Credit Union, St. Paul, MN
• Altra Federal Credit Union, Onalaska, WI
• First Alliance Credit Union, Stewartville, MN - Category's Best
• Hiway Credit Union, St. Paul, MN - Category's Best
• Members Cooperative Credit Union, Duluth, MN
• SPIRE Credit Union, Falcon Heights, MN
• Wings Credit Union, Apple Valley, MN - Best in Show

Credit unions, advertising agencies, and associations submitted a record 1,451 submissions for the prestigious award representing the best marketing campaigns in the industry during 2023.

Minnesota Credit Unions Experience Member Growth and Financial Stability

According to National Credit Union Administration’s (NCUA) Quarterly U.S. Map Review, Minnesota credit unions experienced solid performance along key indicators, including:

• Membership at Minnesota credit unions grew 0.8% in median year-over-year member growth, ranking 15th in the nation.
• 91% of Minnesota Credit Unions had positive year-to-date net income, ranking 15th in the nation.
• Median total delinquency rate of 40 basis points, ranking 7th nationally.
• 80% median loan to share growth, 11th in the nation.

Got news of your own? Send stories, pitches, press releases and published articles to MnCUN Director of Communications Julia Miller.