Member Login

THE MEMO

DAKOTA CREDIT UNION ASSOCIATION
  • Advocacy
    • Government Affairs
    • Grassroots Action Center >
      • Advancing Communities
      • Bill Tracking
    • Political Fundraising
    • Regulatory Advocacy
    • Preserving Financial Choice for North Dakotans
  • Compliance
    • Compliance Resources
    • Compliance Solutions >
      • AffirmX
      • CECL
      • ComplySight
      • CU CMS
      • CU PolicyPro
      • InfoSight
      • PayLynxs
      • RecoveryPro
      • Training
    • The Memo: Compliance
  • Member Resources
    • Awards >
      • DakCU Awards
      • CUNA Awards
    • CU Awareness (SWAP)
    • DakCU Foundation >
      • Donor Wall
      • Memorials
      • Vacation Sweepstakes
    • DakCU Health Benefits Trust
    • Financial Well-Being for All
    • Professional Development >
      • Chapters
      • Emerging Leader Program
      • Sales CU Training
      • Training
    • Strategic Partners >
      • CAP Program Directory
      • Compliance Solutions
      • Pee Wee and Friends®
  • News & Events
    • The Memo
    • Events Calendar
    • Annual Summit >
      • Crashers
      • Presenters
      • Sponsors
    • New Ideas
    • Sales CU Training
  • About Us
    • Board of Directors
    • Contact Us
    • Our Team

The President's Perspective

7/12/2021

 
Picture
​The State of Small Credit Unions whitepaper is released; two Dakota CUs recognized among the best in the nation; and don’t forget to sign up for the Town Hall with Jim Nussle! 
Let’s be honest, small, community-based credit unions are the life blood our movement.  They serve a unique purpose in their communities and to their members.  Across the Dakotas, small credit unions continually make a difference in the lives of their members, improving their financial health and well-being.  Truly, our movement’s success remains tied to the success of our small credit unions.  That is one of the key takeaways from a report issued last week by the Credit Union National Association’s (CUNA) Small Credit Union Committee.
 
The definition, or criteria, of what is considered a small credit union today has certainly fluctuated since the Small Credit Union Committee began to meet and work on the challenges and opportunities 20 years ago.  Today a small credit union is less than $100 million in assets.
 
The comprehensive white paper released last week is a snapshot of the current state of the country’s small credit unions.  The report is designed to empower small credit unions to better serve the needs of consumers and advance their respective communities.  The report also examines how cross-industry support can lead to greater collaboration across all asset levels and how working together can strengthen us against attacks on our tax status.
 
As you read the report, please note the recommendations shared are designed to benefit everyone within the credit union movement who support the work of small credit unions.  CUNA and the Dakota Credit Union Association continue to work to sustain small credit unions and all those they serve.  You can download the State of Small Credit Unions Whitepaper here.  
 
Play Yellow – Help Kids!
In last week’s Memo, we announced that our own Dakota Credit Union Foundation will be hosting the first “Play Yellow for Children’s Hospitals” event ever held in North Dakota.  As part of the Foundation’s annual Golf Scramble, a portion of the proceeds will be donated to our local CMN Hospitals.  As you know, one of the goals of our Foundation is to increase awareness of Dakota credit unions by supporting children’s charities, and this event will certainly accomplish that.  We are anticipating a great turnout, and I hope to see many of you there.  Be sure to sign up by August 13th!

Forbes recognizes Two Dakota Credit Unions Among Best in the Nation!
Dakotaland Federal Credit Union (Huron, SD) and Capital Credit Union (Bismarck, ND) were recently named as the best credit unions in their respective states in a nationwide survey conducted by Forbes and the market research firm Statista.  Forbes and Statista identified “America’s Best-In-State Credit Unions 2021” based on an independent survey of approximately 25,000 US consumers who were asked to rate credit unions at which they have or previously have had checking accounts.  Participants made recommendations regarding overall satisfaction and also assessed credit unions in areas of trust, terms and conditions, branch services, digital services, customer service and financial advice.  Congratulations to the terrific teams at Dakotaland FCU and Capital CU on this recognition!  You can see the entire Forbes Story here.

#ILOVEMYCREDITUNION
Credit union "digital day" is less than three weeks away when we are going to blast our love for credit unions across all social media and digital platforms.  Be sure to mark your calendars for the #ILOVEMYCREDITUNION social media blitz coming on July 30!  This is a nationwide effort to increase awareness of credit unions by getting a trending hashtag on as many social media platforms as possible.  If you haven’t signed up for this easy and FREE collaborative effort, I encourage you to do so here – and be sure to take advantage of the many turn-key resources available.  The project is being led by the Illinois Credit Union League but feel free to contact Shawn Brummer if you have any questions. 

Special Events You Don’t Want to Miss!  
Don’t forget – we have added a special in-person CEO Town Hall and forum for Dakota Credit Union leaders with Jim Nussle, President/CEO, Credit Union National Association on Wednesday, August 25th in Bismarck.  Jim will provide an update on important industry issues, including urgent legislative issues and pending regulatory guidance that will have an impact on your credit unions and your ability to serve your members in the coming months.  There is no cost for this event, but we do ask you to register in advance so we can plan accordingly.  
 
The event will be held at the National Energy Center of Excellence on the Bismarck State College campus and is being held in conjunction with our CU Professionals Forum on that same day and our 5th Annual Foundation Golf Scramble at Apple Creek Country Club on Thursday, August 26th. 
 
Here is a tentative agenda for the two days in Bismarck:
Wednesday, August 25th 
  • 9:00 a.m. – Foundation Board Meeting and Planning Session, NECE, BSC Campus.
  • 10:00 a.m. – 5 p.m. – CU Professionals Forum 
  • 11:30 a.m. – 1:00 p.m. – Luncheon with CEOs, Foundation Board, CU Professionals. 
  • 1:00 to 3:30 – CEO Only Town Hall and Open Forum with Jim Nussle and Jeff Olson
  •  Jim Nussle Town Hall Dialogue
  • The Credit Union outlook post-pandemic
  • The CUNA League System Today
  • Legislative & Regulatory Hot Buttons 
  • The Political Landscape in DC
  • The 2022 Election
  • Open dialogue and Q & A with Jim Nussle
  • 5:00 to 7:00 p.m. – Social at Paddle Trap on the Missouri River in Mandan, ND
  • Sunset Lewis & Clark Riverboat Cruise on the Missouri
Thursday, August 26th
  • 10:00 a.m. – 3:00 p.m. – Dakota Credit Union Foundation’s 5th Annual Golf Scramble at Apple Creek Country Club, 8921 Highway 10 Bismarck, ND.  
I sincerely hope you can join us in Bismarck on August 25th and 26th.  Feel free to reach out to me if you have specific items, topics, or questions for the Nussle CEO Forum.
 
Housekeeping Notes
For your convenience, we have two options for accommodations.  A block of rooms has been reserved at the Hampton Inn & Suites Bismarck Northwest - 2020 Schafer Street - Bismarck, ND.  Make your reservations by August 10, 2021 to receive a special rate of $115 plus tax per room.  Call 701-751-5656 and be sure to mention Dakota Credit Union Association.
 
We have also added a block of rooms at the Home2Suites by Hilton - 1122 West Turnpike Avenue - Bismarck, ND.  Make your reservations by July 30, 2021 to receive the special rate of $119 plus tax per room.  Call 701-712-3145 and mention Dakota Credit Union Association.
 
Looking Ahead
Just a quick reminder of other upcoming DakCU meetings and events to keep in mind as your summer and fall calendars start to fill up!  
  • September 13-16 – DakCU Legislative-Regulatory Hike-the-Hill, Washington, DC
  • September 21 – Small CU CEO Roundtable, Gary, SD
  • October 4-6 – New Ideas Fall Conference, Deadwood, SD
Have a terrific week!
Picture
​President/CEO
Dakota Credit Union Association 

Comments are closed.

    The Memo

    The Memo is DakCU's newsletter that keeps
    ​credit union professionals updated on current news and information. ​

    Memo Home

    Want the Memo delivered straight to your inbox?
    Sign Up Now


    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021


    Categories

    All
    Action Alert
    Advocacy
    Awards
    Awareness Campaign
    Compliance
    CUPAC/CULAC
    Dakota CUs Give Back
    Events
    Facebook Creeping
    Financial Well Being
    Foundation
    Fraud Alert
    Grants
    In The Spotlight
    Marketing Tips
    Member Solutions
    Miscellaneous
    ND Legislative Update
    News And Notes
    President's Perspective
    Press Releases
    SD Legislative Update
    Webinars

Copyright Dakota Credit Union Association.  All Rights Reserved.
2005 N Kavaney Dr - Suite 201 | Bismarck, North Dakota 58501
Phone: 
800-279-6328 | info@dakcu.org | sitemap | privacy policy
Picture
Picture
Picture
  • Advocacy
    • Government Affairs
    • Grassroots Action Center >
      • Advancing Communities
      • Bill Tracking
    • Political Fundraising
    • Regulatory Advocacy
    • Preserving Financial Choice for North Dakotans
  • Compliance
    • Compliance Resources
    • Compliance Solutions >
      • AffirmX
      • CECL
      • ComplySight
      • CU CMS
      • CU PolicyPro
      • InfoSight
      • PayLynxs
      • RecoveryPro
      • Training
    • The Memo: Compliance
  • Member Resources
    • Awards >
      • DakCU Awards
      • CUNA Awards
    • CU Awareness (SWAP)
    • DakCU Foundation >
      • Donor Wall
      • Memorials
      • Vacation Sweepstakes
    • DakCU Health Benefits Trust
    • Financial Well-Being for All
    • Professional Development >
      • Chapters
      • Emerging Leader Program
      • Sales CU Training
      • Training
    • Strategic Partners >
      • CAP Program Directory
      • Compliance Solutions
      • Pee Wee and Friends®
  • News & Events
    • The Memo
    • Events Calendar
    • Annual Summit >
      • Crashers
      • Presenters
      • Sponsors
    • New Ideas
    • Sales CU Training
  • About Us
    • Board of Directors
    • Contact Us
    • Our Team