Dakota CU News & Notes
by CUAD Communications

May 22 Deadline to Apply for CDRLF Grants

Reminder: Eligible low-income credit unions have until May 22 to apply for Community Development Revolving Loan Fund grants to meet their needs and needs of their members during the COVID-19 pandemic. The National Credit Union Administration is committing $1,375,000 for grants to COVID-19-related efforts. These immediate priorities mean the agency will not make grants in the traditional categories in 2020.

Credit unions may apply through the NCUA’s CyberGrants portal. The Office of Credit Union Resources and Expansion will work to review grant applications as quickly as possible. Credit unions should review the agency’s grant guidelines prior to making their applications.

The grants, with a maximum award of $10,000, will be awarded on a rolling basis throughout the open application period. Minority depository institutions and credit unions with less than $100 million in assets will receive priority. The NCUA will make awards on a first-come, first-serve basis until the funds are fully exhausted. Credit unions with questions should contact the Office of Credit Union Resources and Expansion by email at CUREApps@ncua.gov.


“New Normal” Webinar Coming June 4

CUNA has announced a new webinar on pandemic-related work arrangements called “The New Normal” will take place on June 4. This webinar is offered free as a CUNA member benefit and provides credit union professionals responsible for workplace safety, productivity, and policies and procedures with essential information on effective remote work policies. Stephen Dedene has nearly 20 years of experience in credit union compliance, and he will explain how you can help mitigate the risks associated with remote and teleworking while improving employee satisfaction. Topics will include: Distinguishing between working remote and teleworking; understanding essential vs. non-essential functions; and Identifying policy considerations. Register here.


Free Webinars for You & Your Team!

Looking for free learning opportunities to keep you informed about the latest happenings in the industry? CUNA Strategic Services and their trusted alliance providers offer free informational sessions on topics that you should know more about. Upcoming webinars include: Coronavirus – Business Continuity Lessons; Financial Crime Management; and Fraud Prevention and Management. Click here for more details and to register.


CUNA Award Entries Due by June 26

CUNA's National Award programs are designed to encourage and recognize distinguished credit unions which demonstrate social responsibility (the Dora Maxwell Award), the credit union philosophy (the Louise Herring Award), and financial education (the Desjardins Awards). In an effort to streamline the submission process for our member credit unions and to reduce financial and human resources spent on the submission process, CUNA and the leagues have collaborated to produce one standardized format and online submission process for our member credit unions. Find more information and submit your application here on the CUAD website. Applications are due by June 26. Questions? Contact Debbie Kruckenberg for assistance.


Hometown CU Awards $2,000 in Scholarships

Hometown Credit Union is pleased to announce the recipients of their four $500 scholarships for 2020. Congratulations to: Maren Berntson, Winter Malone, Caitlin Molter, and Kristi Carpenter. These scholarships were open for applicants planning to enroll in a post-secondary college program or trade school. HCU had a total of 10 applicants. Two local community members were asked to judge the applications, which were scored on the basis of involvement in their school, community, and personal achievements, as well as an essay.


#ThankYouThursday to Recognize CU Employees

CUNA is organizing a recognition series for credit unions to thank their employees for dedication to serving members during the pandemic. #ThankYouThursday launched this week, using social media and graphics to let credit union staff around the country know they are appreciated and thanking them for their compassion, dedication and hard work serving members and communities during the coronavirus disease (COVID-19) pandemic. CUNA will post graphics to its Twitter account over the next several Thursdays, and also has graphics credit unions can use themselves to let their employees know they are appreciated. The graphics are available under the “Messaging and Ads for Digital Channels” tab in the CUNA/American Association of Credit Union Leagues COVID-19 Response Center.


United Savings CU Seeking Business Lender 

United Savings Credit Union is seeking a qualified, experienced candidate to join their team as a full-time business lender. This position will be based out of USCU’s Main office in Fargo, ND. The business lender will be responsible for establishing business relationships with commercial borrowers, explaining business products and services and ensuring loan quality through analysis of financial data and proper structuring of the credit, as well as looking for deposit growth opportunities for the credit union. Experience working with credit partners like the Small Business Administration (SBA), Bank of North Dakota (BND), and Pactola (CUSO) is a plus. The ideal candidate will have a minimum of two to three years of lending experience, preferably in commercial lending, as well as a degree in a business-related field. For additional details about this position, please call Jim Schaefbauer at 701-356-1395 or email Jim@unitedsavingscu.org. Send your resume in confidence to United Savings Credit Union – Attn: Jim, PO Box 2308, Fargo, ND  58108.


Toshiba Copier For Sale

Med Park Credit Union in Grand Forks, ND has a gently used copier/scanner/fax machine for sale. This is a Toshiba Super G3 E-Studio 257 purchased five years ago for $4,500. This is a great deal for anyone looking for copier – they are willing to sell for $200. Contact Cheryl Malm at MedParkU@msn.com for more info or to reserve this bargain!


         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.


Crash Filene's The Art + Science of Organization

 Credit union professionals age 35 and under are invited to apply for a virtual and interactive event from Filene's research centers to tackle the biggest factors impacting the way credit unions run and the impact on their employees. The Art + Science of Organization takes place June 16 & 17 when Filene Fellows Huggy Rau and Sekou Bermiss will share their work on how credit unions need to start with people and processes rather than jumping to solutions. You will have a chance to join virtual facilitated sessions to put ideas you have learned into action plans that can be taken back to your organization. Crashers will participate in additional content with a focus on professional and leadership development. This event is great for Finance and Human Resources focused career paths. However, all rising talent is welcome. Applications are due by June 10, 2020, at 11:59 PM CST. Contact cortneya@filene.org with any questions. APPLY HERE.


2020 ICU Day

Yes, it is very early to be talking about International Credit Union Day, but with the global crisis we are facing with COVID-19, this year’s planning may take some extra creativity! The theme was recently announced: Inspiring hope for a global community” – which reflects how credit unions contribute to a brighter future, even at times like this. How will you celebrate ICU Day? Click here for more information, and to sign up for email updates on the annual event.


InfoSight Discussion Boards for CUAD Members Only

We 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.

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.


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.

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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