The President's Perspective
by Jeff Olson
President/CEO
7/22/2019

Greetings and Happy Monday.

As usual, summer is clipping along at a blistering pace. I trust, and hope, you are getting some vacation time and a chance to enjoy some of the terrific sites and summer destinations that we are blessed with here in the Dakotas and upper Midwest region. If not, you better giddy up, we only have seven weeks left until Labor Day!

Celebrating an extraordinary achievement.

I spent part of my weekend enjoying the documentaries and stories commemorating the 50th anniversary of the Apollo 11 mission to the lunar surface. A lot of you, like me, will remember this event and perhaps can recall where you were while watching our astronauts accomplish the unbelievable. It’s safe to say that technology has truly transformed nearly everything since that first moon landing. Things we thought were timeless – maps, calculators, newspapers, cameras, flashlights, photo albums – are now all wrapped up into a single smartphone. The NASA program has a long history of inventions and developing technologies that were created under the program that we use and take for granted today. Things like better and safer airplanes, more accurate weather forecasting, safer tires and roads, the computer mouse, scratch resistant lenses, water filtration, survival blankets, better running shoes, baby formula, and invisible braces all came from the space program. Even your cell phone camera uses technology originally designed for the space program. Notice I left out Tang and Velcro; while they were used by NASA, they were not developed specifically for the space program.

I bring this up only because when astronauts first reached the moon, most of us couldn't imagine back on earth what could possibly be next. It's overwhelming to think of where technology will take us in another 50 years. For credit unions, could it be a moment of endless possibilities? To make the most of it we need to collaborate and embrace the innovations that will help us meet the evolving needs of our members.

New Date and Venue for Foundation Golf Event.

Please take note, due to some unfortunate circumstances with the Jamestown Country Club, we have moved the date and time of the Credit Union Foundation of the Dakotas Golf Scramble fundraiser. The event will now be held on Thursday, August 29th at Apple Creek Country Club in Bismarck.  

Here are some important event details about the NEW Date and Venue:  

  • Shotgun Start at 11:00 a.m.
  • Lunch on your own! Please eat prior to the event or bring your own bag lunch with you.
  • A burger bar will be served during award presentations at the end of the day.

Also, in order to maximize our fundraising potential, the golf outing is now open to all credit union members! So, feel free to invite your members to join us. If you would like to promote this to your general membership or invite a certain group of members, please contact Lori Welder for marketing materials including a promotional flyer and social media graphics. This is a great opportunity to network with your members!

Remember, all proceeds raised from this golf tournament will go directly to the CUFD to be used for high school and college scholarships, grants for financial literacy, and directly given to Dakota charities such as Habitat for Humanity, local Red Cross organizations, and more. While reaching out to the community in these ways, we create more awareness of Dakota credit unions as a better financial services option for consumers.

I sincerely hope you can join us at the new date and location – August 29th in Bismarck. For those attending the CU Professionals Roundtable on August 28 & 29, there will be adequate time after the close of that event to join the golf outing. We encourage you to join the fun and help support our Foundation while you’re in Bismarck. Click here for more information and to register.

July economic report now available.

This month's CUNA Economic Update, sponsored by the CUNA Finance Council, reports the latest economic growth figures and trends for credit unions, and spotlights CUNA research on why branch location matters. The video report is approximately 11 minutes, and you can view it here. 

CUAD fall events for our Dakota Credit Unions.

We will be hosting several exceptional educational conferences and networking opportunities this fall, and we hope you will consider attending one or more of these worthwhile events. It’s not too late to join us for the CU Professionals Conference, August 28-29, in Bismarck; and it’s not too early to sign up for the Small Credit Union CEO Roundtable, September 5th in Fargo. Then, get ready for our popular New Ideas Conference, October 7-9 in Rapid City, and watch for more details about some additional U-Lend Academy dates. You can find additional details and registration information for all of our upcoming meetings on our website events calendar.

Looking forward to seeing many of you soon.

Have a great week!

Jeff

 

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