Sure Could Use a Little Good News Today!
by CUAD Communications
3/27/2020

Tell Us What You Are Doing to Help During COVID-19 Crisis

CUAD is here to serve our members, and one way to make sure we are doing our job to the best of our ability is to stay informed. While we are monitoring the local and national news, as well as social media, we would like to hear from you. Be sure to tell us what you are doing for your members, staff, and your community during this time of crisis as we are all doing our best to prevent the spread of the dreaded coronavirus. Email your credit union’s news to Shawn Brummer.

 

Postal Family FCU Awards $1,250 in Scholarships

Fargo, ND – Postal Family Federal Credit Union has granted five $250 financial scholarships to graduating high school seniors. Those chosen were active members of Postal Family FCU who are considered accomplished, driven, and completed applications and submitted essays that were reviewed by a committee. Congratulations to this year’s recipients: Kallin Baarstad; Hayley Smith; Abbigail Cogdill; Kayla Hindebrant; and Taylor Ford.

 

Hometown Credit Union Proudly Supports “Project HOPE”

Kulm, ND – Hometown Credit Union takes pride in the credit union motto of “People Helping People,” so its branches have been participating in the Bismarck Cancer Center Foundation’s Project HOPE for several years. Project HOPE is a week-long community wellness event to educate employees and communities about healthy lifestyles, cancer prevention, and early detection of cancer. It also gives hope to local cancer patients, survivors, and their families.

This year, Hometown Credit Union took a new perspective in participating by opening Project HOPE to the community to donate and learn alongside with its employees for the week of March 9-13. The specific cancers and topics that were highlighted for this year were breast cancer, prostate cancer, lung cancer, gynecological cancer, and survivorship. Each day, employees were encouraged to wear the color of the cancer ribbons, and Hometown Credit Union posted on their Facebook page about each specific cancer to educate their members. On Wednesday of Project HOPE week, the Kulm and Ashley branches offered healthy snacks to their members. The Kulm branch also decorated their lobby with the colors, facts, and information of each cancer.

Hometown Credit Union is pleased to announce the total amount donated to Project HOPE was $700! Employees and members graciously donated $350 and Hometown Credit Union matched the $350. These proceeds will go towards the goal of the Bismarck Cancer Center Foundation which is to provide financial support for those who are currently battling or who have battled cancer in the past.

 

Dakota West CU Awards Financial Education Grant

Watford City, ND – Recognizing the importance of personal financial literacy in North Dakota youth, Dakota West Credit Union awarded its first Financial Literacy Education Grant to Suzy Jacobson of Washburn Public School. Jacobson will present a program designed to teach students where money comes from and where it goes to her fifth and sixth grade students.

The goal of the Financial Literacy Education Grants is to award teachers $250 to bring financial education into their classrooms and educate their students on the importance of focusing on personal financial responsibility. “I would like my students to get a basic understanding of money – where does it come from?  How and why do we save?  Most kids think that parents’ money is endless,” wrote Jacobson.

Dakota West staff members will partner with Jacobson to develop her program, and be on hand at the school to help facilitate the topics later this spring. Jacobson’s winning grant was announced on Thursday, March 12 on Dakota West Credit Union’s Facebook page.

“Helping them understand the concepts behind money movement is a good place to begin understanding personal financial responsibility,” says Juliet Jones, Marketing Coordinator for Dakota West Credit Union, regarding the purpose of the grants.

Established in 1941, each of the Dakota West Credit Union branches and its members and employees help grow the Dakota West family with exceptional commitment to building relationships and strengthening communities. Offering grants to teachers within its communities continues its focus on this growth through the next generation, and highlights one of the core values of Dakota West: Responsibility.

 

NCUA Grants to Help Credit Unions Affected by COVID-19

Federally insured, low-income designated credit unions that experience unexpected costs as a result of COVID-19 can request urgent needs grants from the National Credit Union Administration. The NCUA’s Office of Credit Union Resources and Expansion can provide grants up to $7,500 to low-income credit unions for: hardware, software, or other equipment to help them provide financial products and services from remote locations; consulting services to develop programs and partnerships to assist those affected by COVID-19, such as small businesses or schools; and developing marketing materials to assure members their insured deposits are safe. Eligible credit unions may also apply for loans supported by the Community Development Revolving Loan Fund. Eligible credit unions may apply for grants or loans through the NCUA’s CyberGrants portal. Questions? Contact the Office of Credit Union Resources and Expansion by email at CUREApps@ncua.gov

 

Streamlined CDFI Application Round Opens March 29

Federally insured, low-income credit unions that want to become certified Community Development Financial Institutions can apply to use the National Credit Union Administration’s qualification process for streamlined CDFI certification beginning March 29. The intake period closes May 31. The NCUA’s online program guide has all the necessary instructions for the qualification process.

To qualify, low-income-designated credit unions submit data on their loan originations to the NCUA by email to CURECDFI@ncua.gov using the NCUA’s secured email encryption system and complete an online Participation Form. The Office of Credit Union Resources and Expansion then analyzes each credit union’s products, services, and other indicators to determine whether it qualifies to use the streamlined certification application.

The NCUA will provide qualified credit unions with the necessary information to complete and submit the streamlined certification application to the Community Development Financial Institutions Fund, which will make the final determination on certification. Credit unions that do not qualify to use the streamlined process may still pursue the CDFI certification through the standard application.

Credit unions that obtain CDFI certification can apply for training and competitive award programs provided by the CDFI Fund. These resources can enhance credit unions’ capacity to provide underserved communities with access to safe and affordable financial services. The CDFI Fund’s webpage(opens new window) has complete information.

 

Foundation Board Seats Open

The Credit Union Foundation of the Dakotas has two open seats for board members. Nominations are being accepted through April 14th for the following regions: Western South Dakota and Eastern South Dakota. The CUFD board meets quarterly through virtual meeting platforms or via conference calls. Most in-person meetings are held in conjunction with CUAD events such as the Annual Summit or the New Ideas Conference.

The purpose of the CUFD is to build community awareness of the Dakota credit unions through the support of children’s charities, community and social impact organizations or projects, financial education and literacy programs through the credit union chapter system, and by providing higher education scholarship throughout our service region in the Dakotas.

If you are interested in making a difference by serving on this board, click the link to download an application for consideration. You can view the current board here.

 

Last Call for CUFD Scholarship Applications

As a final reminder, the Credit Union Foundation of the Dakotas (CUFD) will be awarding twenty $500 scholarships. Ten scholarships will be awarded to North Dakota applicants and ten to South Dakota applicants who exemplify the credit union philosophy of “people helping people” through volunteering, community service, and leadership. It’s important to note, these CUFD scholarships are not just for college-bound undergraduate students, but for any student pursuing further education at a technical/vocational school. The application can be downloaded on the Foundation webpage or by following this link: 2020 Credit Union Foundation of the Dakotas Scholarship Application. Applications must be postmarked by March 31, 2020.

 

Risk Manager Opportunity at Sioux Falls FCU

Sioux Falls FCU is seeking a full-time Risk Manager to oversee internal audit and compliance. This position will be responsible for developing, implementing, and administering all aspects of the credit union's Enterprise Risk Management (ERM) program. Benefits include health, vision, dental, paid time off, paid holidays and great day time hours, life insurance, long and short-term disability, pension plan, 401(k) option, and more. The ideal individual will be a well-organized, analytical, and strategic self-starter demonstrating excellent project management, technological and professional communication skills who thrives on detailed innovation. The preferred candidate will have a working knowledge of financial regulatory compliance and tactical independent judgment decision making. A minimum five years’ experience in Risk Management, Audit, Compliance, or other related experience within a financial institution. Master’s Degree in Business Administration, Accounting, Business finance or other related field OR Bachelor's Degree Business Administration, Accounting, Business finance or other related field and one or more of the following certifications: Certified Internal Auditor (CIA), Certification in Financial Services Auditing (CFSA), Certification in Risk Management Assurance (CRMA), or Certification in Control Self-Assessment (CCSA). Visit siouxfallsfcu.com for application information.

 

New Summit Date – Same Location!

In the interest of protecting our members and the greater community, we have made the decision to move the Summit to October 5 – 7, 2020 at the same venue: the Sioux Falls Convention Center and Sheraton Hotel. Our Summit Meeting this year will take the place of our New Ideas Conference, which typically takes place in the fall. The New Ideas Conference will be added back into our 2021 event lineup. Our 2021 Annual Summit will return to a spring timeframe.

 

NEW InfoSight Discussion Boards for CUAD Members Only

We now have Discussion Boards for CUAD members only on InfoSight which you can find here: https://dakotas.leagueinfosight.com/discussionboard. One board has been specifically designated for the “COVID-19 Pandemic” and is meant as a venue where Dakota credit unions can ask questions, share, and discuss locally what they are doing during this unprecedented time.

As we brought to your attention recently, there are additional resources within InfoSight which are being updated continuously. In the Security Channel, a new section has been added under Business Continuity Planning: Pandemic Preparedness. In addition to this content, you will want to also review your state’s health authority websites. All of them have COVID-19 pages that provide local information and recommendations. Here is South Dakota Department of Health’s webpage on the topic and North Dakota can be found here.

InfoSight is a dues-supported (free) product for all CUAD affiliated credit unions. If you haven’t already, you may request an account here: https://dakotas.leagueinfosight.com/. Contact Amy Kleinschmit with any questions regarding InfoSight.

 

COVID-19 MAP Templates Now Available to Help Reassure Your Members

 

In light of the dire situation surrounding the coronavirus disease (COVID-19) and the need for frequent updates, CUNA has prepared another version of the COVID-19 MAP Template to help credit unions update their membership. These communications are meant to provide reassurance and comfort to your members, and MAP is the perfect channel for members to hear directly from their credit unions during these unprecedented times. CUNA has updated the setting of their MAP Community granting those not enrolled in the program access to the resources. You can also visit the MAP Toolkit for more information.

 

Improve Remote Employee Security During Pandemic

Quickly evolving travel and social requirements in response to COVID-19 mean that, like it or not, many organizations like yours are asking traditional office-based employees to work from home. Today's technology allows that to happen in many cases with relative ease; however, are your employees prepared with the necessary knowledge to keep themselves and your network safe under these circumstances?
 

Listen to Perry Carpenter, KnowBe4's Chief Evangelist and Strategy Officer, and Roger Grimes, KnowBe4's Data-Driven Defense Evangelist, to find out the most important items you need to know now to prepare your employees for today's new risks.

In this on-demand webinar you'll learn:

  • Top considerations for safely connecting to your corporate network
  • Scams the bad guys are using right now to target your employees
  • Advice for improving social media security awareness

Watch Now!  Or, if you don’t like to click on redirected links, just copy and paste this link into your browser: https://info.knowbe4.com/webinar-improve-your-remote-employee-security

 

Check Loss Prevention & Recovery PLUS, Member Contract Issues

In our ongoing effort to provide our members great educational sessions, the Credit Union Association of the Dakotas (CUAD) is providing a new learning opportunity on May 19-20 in Bismarck, North Dakota led by renowned presenter, Ty Parker. This program is still scheduled at this time, and will be of value to all credit union professionals that assist members in person, online or by phone or mail with check issues, along with those who handle members’ checks and related problems. The complete agenda, event details, hotel information and registration can be found here.

 

Submit your news to Shawn Brummer. Employee promotions, awards, new products or services, community involvement/recognition, job openings, all are welcome!

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