The Minnesota Credit Union Network thanks the first 10 credit union members of 2025! Dues renewal and information were mailed to credit union CEOs/managers in mid-December, with a deadline of Friday, Jan. 31. 

1.  Riverview Credit Union
   
2.  Duluth Fire Department Credit Union
3.  Embarrass Vermillion Federal Credit Union
4.  Metropolitan Services Credit Union
5.  MY Credit Union
6.  Virginia Co-op Credit Union
7.  Blaze Credit Union
8.  Northern Communities Credit Union
9.  SharePoint Credit Union
10.  Farm Credit Employees Federal Credit Union

​Membership in MnCUN and national trade associations ensures your connection to powerful advocacy, expertise, resources, opportunity, and influence. We value our members' continued trust in us, and we appreciate the opportunity to be able to serve credit unions throughout the state.
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​Contact Minnesota Credit Union Network President and CEO, Mara Humphrey, with questions.

Minn. Congressional Delegation Appointed to Leadership, Committee Positions: The U.S. House and Senate have begun to organize themselves for this term with leadership and committee appointments.​

Congratulations to the Minnesota Credit Union leaders who have been appointed to America’s Credit Unions committees:

•  Justin Burleson, Blaze CU, Industry Relations, Economics & Share Insurance Committee, 
  
• Steve Ewers, Members Cooperative CU, World Affairs Committee, 
  
• Jay Gostonczik, SouthPoint Financial CU, Advocacy Policy Committee, 
  
• Greg Higgins, Wings Financial CU, Emerging Issues Committee,
  
• Dave Larson, Affinity Plus FCU, National CU Roundtable Committee, 
  
• Peter Olsen, Ideal CU, Volunteer Leadership Committee,
• Pat Pierce, City & County CU, Advocacy Policy Committee,
• Simone Suri, Members Cooperative CU, Operations Committee, and
• Frank Weidner, Wings Financial CU, Advocacy Policy Committee.

 
All committees will have two-year staggered terms; in 2025, members will be invited for an initial one or two year term..Thank you to all for representing Minnesota credit unions at the national level!

Julie Cayse Named NCUA Western Region Director: The National Credit Union Administration named Julie Cayse as the new regional director, Western Region, effective January 12. 

NCUA Updates Cyber Incident Reporting Guidance: On January 13, the National Credit Union Administration (NCUA) issued an update to its Letter to Credit Unions 23-CU-07 on Cyber Incident Notification Requirements. 

2025 NCUA Examination Priorities: The NCUA’s January letter to credit unions outlined examiner supervisory priorities to protect credit union members, credit unions and the NCUA Share Insurance Fund from risk. 

​CFPB Proposed Rule Updates: The Consumer Financial Protection Bureau (CFPB) has taken multiple actions on proposed rules and notices for public comment this month.​

In 2024, TruLync Medicare Advisors helped over 750 Minnesota credit union members. During the fall open enrollment alone, they saved $183,000 in annual premiums for member across the state. As a subsidiary of the Minnesota Credit Union Network (MnCUN), TruLync partners with over 8 Medicare insurance providers to guide members in selecting the best Medicare plans. Since launching, the program has saved members $500k in annual premiums. Participating credit unions grew from 7 to 35 in 2024, with MY Credit Union, Minnco Credit Union, Mid Minnesota Federal Credit Union, and North Memorial Federal Credit Union leading the way in offering this new service to their members. 

​"Thanks so much for encouraging MYCU members (who qualify for Medicare), to meet with Dave Brown. Having Dave on staff with MnCUN helps to build a positive relationship and another reason to turn to the CU as a reliable resource. Beyond words, a trusted navigator is needed in this complicated journey…. At no time did I feel the pressure to change." – Lynne, MY Credit Union Member 

Looking ahead to 2025, TruLync Medicare Advisors is preparing to meet with 13 participating credit unions for strategy sessions this month and will provide detailed reports to each credit union. Please continue to keep an out for communications coming directly from the team. They aim to continuously deliver outstanding results and maximizing savings for even more Minnesota credit union members. TruLync's mission is to empower credit union members nationwide with expert Medicare guidance through a collaborative approach. By engaging in meaningful conversations and utilizing their industry expertise, they ensure each member receives tailored solutions that genuinely serve their best interests. They are dedicated to being a dependable partner in navigating Medicare with integrity, innovation, and care.

Mara Humphrey, President & CEO of MnCUN, celebrated the program's success: "We're deeply grateful for the opportunity to collaborate with credit unions across the state and look forward to many more years of serving our credit unions and providing stronger advocacy for CU members across the state."

For more information or to get involved, visit the TruLync Medicare Advisors page or contact MnCUN Vice President of Business Development Kris Jacobsen.

As a member of MnCUN, you have the support of the only trade association that champions Minnesota Credit Unions. We ensure credit union priorities are front and center as we advocate, accelerate, collaborate, and celebrate Minnesota's thriving credit union system. 

​We have ideas to further engage your credit union and maximize your membership - including professional development and training, strategic products, compliance, and news updates. ​

Save the Date for MnCUN Signature Events:​

• The Roundtable – Horseshoe, Las Vegas, Feb. 4-5 
• Impact Day at the Capitol – Union Depot, St. Paul, Feb. 12 
• 2025 Fraud Prevention Summit: March 12
• GAC – Washington DC, March 2-6 
• ACCELERATE 25 – Mystic Lake, Prior Lake, April 21-23
• CEO Conference – Grand View Lodge, Brainerd, June 24-26
• Tristate Leadership Conference – JW Marriott, Bloomington, Aug. 5-6 
• ​Directors Conference – Radisson Blu MOA, Bloomington, October 3-4
• CU Forward Day, Across Minnesota, October 13

Get involved in a networking or specialized professional development program:

• Check out CU Connect!
• CREW Young Professionals
• Women's Leadership Network
• Credit Union Chapters
• Committees (applications open soon!)
• Trailblazers Executive Readiness Training
• Tristate Mentorship Match Program​

Please join us on Wednesday, January 15th, at 11 a.m. for a virtual presentation from Minnesota Credit Union Network staff on legislative and regulatory priorities, events and initiatives, and updates credit unions can look forward to in 2025. 

​​This event is free, however, please register to receive webinar details. With questions, please contact Director of Engagement, Xiong Lee or VP of Communications & Engagement, Andrea Molnau, via email. 

As we strive to continually improve our services and support our members, we invite you to participate in MnCUN's Annual Performance Survey. 

In the past year, we have introduced several new initiatives aimed at enhancing member benefits and services. We are particularly interested in your feedback on these and your priorities for the upcoming year. The survey is designed to be brief and should take about 10 minutes to complete. 

Please complete by Jan. 31, 2025. Thank you for your time and input! 

​If you have any questions, feel free to reach out to Andrea Molnau, VP Communications & Engagement.

​Today, the Minnesota Credit Union Network (MnCUN) joined 17 credit union leagues and associations in filing an amicus brief in support of America’s Credit Unions’ recent federal lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) final rule that sets a fee cap on overdraft protection programs. Collectively, leagues and associations that filed the amicus brief represent 3,237 credit unions and 105,000,000 credit union members.

The amicus brief highlights the significance of credit unions’ unique member-owner relationship that is fundamental to their mission of serving their communities. The CFPB’s final rule focuses on calculating costs and assessing fees, failing to account for credit unions’ unique capital and operational realities. The final rule was developed with data from five financial institutions that does not represent the diversity of the financial services industry.

“Many consumers chose overdraft protections as a financial service and credit unions are providing that option transparently in response to the needs of their members. Existing regulations ensure overdraft protection products do not cause unnecessary consumer harm," said MnCUN President and CEO Mara Humphrey. “The CFPB’s finalized rule disregards decades of precedent set by the Federal Reserve Board and they have overstepped their statutory authority by classifying overdraft services as credit under the Truth in Lending Act, completely failing to consider the broader economic and operational impacts of the rule. Ultimately, the rule threatens to reduce access to financial services in rural areas and underserved communities which directly goes against the mission of credit unions.”

Contact MnCUN Chief Advocacy Officer Ryan Smith with questions.