The President's Perspective

​Remembering the visionary credit union pioneers who established a national association at Estes Park 90 years ago! Plus, an economic update, and embracing innovation! 

The backbone of the Credit Union Movement turns 90 years old.
Just a little over a month ago, (June 26) we recognized and celebrated the 90th anniversary of FDR’s signing of the Federal Credit Union Act. This past Saturday also marked a significant milestone in the credit union movement. August 10th marks the date when visionary credit union pioneers from across the country made the trek to Estes Park, CO, in 1934 and officially established the Credit Union National Association (CUNA) for the sole purpose to represent and support credit unions across the United States. Its creation was a significant step in uniting the movement under a single organization, providing advocacy, education, and resources to help credit unions better serve their members. This formation also helped to standardize practices and promote the growth of credit unions nationwide.

One of those early credit union supporters in Estes Park on that special day was Edward Filene, who said, “Progress is the constant replacing of the best there is with something still better.”   The legacy of our roots is forever enshrined in the history of the credit union movement, and today we continue to carry with us the sacrifices, challenges and triumphs those early visionary leaders experienced. We are just a little over eight months into a new chapter with a unified America’s Credit Unions national association. Together, we will apply the lessons we have learned to build something new—something still better. The future of our movement is brighter because we all are committed to advancing our members and the communities we serve. 

Foundation Golf Scramble kicks off this morning!
Today, a full slate of 72 golfers will be teeing off at the Rose Creek Golf Course in Fargo for the 8th annual Foundation Golf Scramble. Once again this year, 100 percent of the proceeds from this event will go to Sanford Children’s Hospital in Fargo for the new Credit Unions for Kids Micropreemie Unit, which is expected to begin construction later this year. The Foundation Board works hard to put this event together, and to manage the event, and we are sincerely grateful for their volunteer spirit. We could not accomplish these wonderful things without their support, and the support of our sponsors, players, and credit unions from across both states. Thank you all for helping to make this another successful event!

Economic Update with Mike Schenk.
America’s Credit Unions Chief Economist Mike Schenk recently provided an overview of the newly minted Economic and Credit Union Forecast in his latest Economic Update video. The forecast group consists of eight current and former credit union industry economists. Early in July, the group met to discuss the economy, its trajectory, and the implications for credit unions. Schenk says the Federal Reserve will deliver on its promise of a “soft landing.” You can watch the full video here. 

Why Dakota CU Professionals Should Attend the New Ideas Conference!
As the financial landscape rapidly evolves, credit unions across the Dakotas face unprecedented challenges and opportunities. From the rise of fintech to changing member expectations, staying ahead of the curve is essential. This September 24-25, the Dakota Credit Union Association’s New Ideas Conference offers credit union professionals a unique opportunity to equip themselves with the tools and insights necessary to navigate this dynamic environment.

We truly have an excellent experience waiting for you, covering the latest information you need to propel your credit union towards ever greater success and engagement. Remember, this conference is for everyone – from front line staff to CEOs – and we guarantee you will leave excited, invigorated, and inspired with new concepts, as well as actionable steps and key takeaways that you can implement at your organization immediately. 

Embracing Innovation and Staying Competitive!
The New Ideas Conference is not just another industry gathering; it’s a hub of innovation. Attendees will have access to innovative strategies and emerging trends that can be directly applied to their credit unions. Whether it’s learning about the latest in digital banking solutions, discovering new ways to enhance member engagement, or exploring strategies for sustainable growth, the conference is designed to ensure that Dakota credit unions remain competitive in an increasingly crowded marketplace.
 
The conference boasts a lineup of speakers who are leaders in the credit union industry and beyond. These experts bring a wealth of knowledge and experience, offering fresh perspectives on the challenges and opportunities facing credit unions today. By attending sessions led by these thought leaders, credit union professionals can gain actionable insights that will help them drive their institutions forward.
 
One of the most valuable aspects of the New Ideas Conference is the opportunity to connect with peers from across the Dakotas. In an industry that thrives on collaboration, the chance to share experiences, discuss challenges, and exchange ideas with fellow credit union professionals is invaluable. These connections can lead to strategic partnerships and foster a sense of community, strengthening the entire credit union movement in the region.
 
Every credit union faces unique challenges, from regulatory pressures to member retention. The New Ideas Conference is tailored to address these issues head-on. Through a variety of sessions, panels, and workshops, attendees will explore practical solutions that can be implemented immediately within their organizations. This focus on actionable takeaways ensures that credit union professionals leave the conference equipped to make a tangible impact.
 
Recharge and Reignite Your Passion for the Credit Union Movement!
In the fast-paced world of financial services, it’s easy to get bogged down in the day-to-day. The New Ideas Conference provides a chance to step back, gain perspective, and reignite the passion that drives credit union professionals to serve their members. The inspiring speakers, innovative ideas, and collaborative environment will leave attendees feeling energized and ready to tackle the challenges ahead.
 
For credit union professionals in the Dakotas, the New Ideas Conference is more than just an event—it’s an investment in the future. By attending, professionals will gain the knowledge, skills, and connections needed to lead their credit unions into a successful and sustainable future. Don’t miss this opportunity to be part of a movement that is shaping the future of credit unions in the Dakotas.
 
Mark your calendar for September 24-25 and join your peers in Bismarck for an event that promises to be both transformative and inspiring. Be sure to register by this Thursday for best pricing! The early bird discount expires on August 15 and you can save $50 by signing up now. What are you waiting for? Register today!
 
On a positive note!
Time to “toot our own horns” a bit! Today, I would like to send a “shout out” to Town & Country Credit Union. Their Fargo crew helped furnish backpacks loaded with school supplies for local students as part of the organized United Way of Cass-Clay counties United Way efforts, ensuring that students in need can head back to school with the items they need to have a successful school year. Well done!

​Have a great week,

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DakCU President/CEO