Minnesota Credit Union Foundation Annual Meeting Held; Two Board Members Elected

The Minnesota Credit Union Foundation held its Annual Meeting on July 13, 2023.

Board Chair Doug Hallstrom, of Minnco Credit Union, reported on the efforts of the Foundation in 2022. Focused on financial education and professional development initiatives, the Minnesota Credit Union Foundation provides the resources for credit unions and communities to prosper and thrive. The Foundation’s efforts focus on Financial Education for members and communities, Professional Development for credit union employees, and Disaster Relief for the wider credit union community.

The following highlights the Foundation’s efforts in 2022:

• Honored five Credit Union Builders.
• Awarded close to $20,000 in professional development and small credit union grants.
• Hosted 5th year of the CUNA Enhanced Financial Counseling Certification Program (FiCEP) in Minnesota. Collaborated with Montana and Wisconsin Foundations and offered in partnership with Mark Lynch and CU Difference. Eight credit union professionals received their certification.
• Continued the capital fundraising drive to support the Association for Black Economic Power (ABEP) in their effort to establish a Black-led credit union in Minneapolis. Reached over $1 million dollars pledged, beyond the fundraising goal.
• Partnered with the National Credit Union Foundation to sponsor the Exploring Why workshop -  a training program that credit unions can use to help their employees connect to the credit union difference.
• Supported CU Aid with a donation for Hurricane Relief.

The Board Election was held. Doug Hallstrom, Minnco Credit Union was reelected to his 3rd three-year term; and Mary Hansen, Mayo Employees Federal Credit Union, was elected as the MnCUN Board designee for a 3-year term.

As a 501(c)(3) tax-exempt charitable organization, the Foundation is dependent on the support of Minnesota credit unions, employees, partners, and community organizations. Visit mncun.org/foundation for a copy of the 2022 Annual Report.