Dakota CU News & Notes
by CUAD Communications
10/2/2020

Condolences to Les Bossert Family

CUAD would like to express our sincere condolences to the family of Les Bossert. Les was a longtime volunteer and past chairman of Genie-Watt Credit Union in Bismarck. After Genie-Watt merged with Railway CU, he continued to serve on the advisory council. Les passed away on September 23. You may view his obituary here.

 

Buy 2 Get 1 Free Webinars

Credit Union Webinar Network is offering a special Buy 2 Get 1 Free special now through October 31, 2020. Here’s how to get your free webinar: Find and purchase two webinars and enter "Send my free webinar code!" in the comments box at checkout. A coupon code for your free webinar will be emailed to you within one business day. *Not applicable for Sale Webinars, Board Essentials, Subscription Token orders, or full Series orders. Explore available webinars here: https://cuwebtraining.com/a/cuad/special.

 

Industrial Commission Approves BND COVID Relief Program

The Industrial Commission has approved a $50 million interest buydown program to be administered by Bank of North Dakota (BND) for businesses with decreased revenue related to the COVID-19 pandemic. The program, COVID PACE Recovery II, (CPR II), will be funded by CARES Act dollars assigned to Bank of North Dakota. North Dakota business owners may work with their local lender to apply for the buydown of up to $50,000. Applications will be accepted between Oct. 1-30, 2020. Business owners will be asked to submit comparable revenue between March 1-Sept. 30, 2019, and the same time period in 2020. Upon closure of the application period, BND will apply a formula to award the funds that ensure businesses with the largest percentage decrease in revenue will benefit. The awards will be given based on that percentage until they have been expended.

 

“The dedication of the local banks and credit unions responding to pandemic-related challenges has been outstanding,” stated Eric Hardmeyer, president/CEO of BND. “They remain the primary distribution channel for BND programs, assisting with maintaining and growing their local economies.” For more details on both COVID-19 PACE Recovery Loan Programs, visit www.bnd.nd.gov/business.

 

Lewis & Clark Development Group Seeking Your Input!

Help us help you through COVID-19! Lewis & Clark Development Group, a CUAD CAP Member, was awarded funds to assist communities in identifying and assisting with the challenges that their businesses have due to COVID-19. To better understand the effects of the pandemic, they are gathering information through a survey of the businesses in the ten county region that Lewis & Clark Development Group serves. Business leaders are encouraged to complete the survey here: https://lcdgroup.org/covid19impact/. If you can share and encourage the completion of the survey with your business members, the input will be much appreciated.

Located in Mandan, ND, Lewis & Clark Development Group provides programs and loans to support individuals, businesses, and local governments in expanding affordable housing opportunities and advancing economic and community development across North Dakota. If you have any questions, please contact Paulette Paulson EDA CARES Director at 701.667.7606 or George McDonald, CUAD’s Chief Officer of Strategic Services at 701.250.3942.

 

Apply Now for 2021 Diamond Awards

CUNA is accepting nominations for its 2021 Diamond Awards. The CUNA Marketing & Business Development Council has also introduced Crisis Management as its newest category, category announced in two years, bringing the total to 35 categories. The Diamond Awards are the highest credit union-specific honor for creative, results-driven solutions. Early Bird deadline is December 21, 2020 and Final Deadline is January 15, 2021. Learn more here.

 

Free Small CU Webinar Series

Be sure to check out the free CUNA-League System Small CU Webinar Series! This series provides actionable, relevant and operation-improving best practices while bringing free education to small credit unions on the most important issues they face. Each live webinar takes place on Tuesdays at 2:00 p.m. CT (1:00 p.m. MT) now through Spring 2021. While subjects are wide-ranging, each webinar will aim to answer many of the biggest questions facing small credit unions. *Please note: the Small CU Webinar Series is designed for credit unions $75M and under in assets.

Here are some upcoming dates and topics:

  • October 6: Data analytics
  • October 13: The secret to making difficult conversations easier
  • October 20: Growing a small CU in a rural setting

Register here for the series. For additional information, including a complete lineup of upcoming topics, click here.

 

CU Lunch Local October 13

Show your support for local businesses by participating in CU Lunch Local on October 13th this year. Every dollar makes a difference – whether it’s a cup of coffee or ordering lunch. Sign-up by filling out a simple form found here then share how you are supporting local businesses any day leading up to October 13 by using #CULunchLocal on social media. Be sure to “like” the official CU Lunch Local Facebook Page!

 

2020 ICU Day October 15

ICU Day will take place on October 15 during Co-op Month. This year’s theme is “Inspiring hope for a global community” which reflects how credit unions contribute to a brighter future, even at times like this. Click here for more information including free graphics, suggested social media posts, posters, coloring pages, and more. Don't forget to spread awareness of your ICU Day festivities to help promote the power of credit unions. Use the hashtag #ICUDay to highlight your credit union's story and the incredible impact credit unions make in their communities every day.

 

Is Everyone Reading the Memo?

Each week in the Memo, we strive to bring you the latest important information related to advocacy, compliance, educational opportunities, COVID resources, and more. Is everyone at your credit union receiving this information? Be sure we have the names, title, and email address of any new employees. The more information your staff has, the better for all of us! Email Shawn Brummer to be added to our distribution list.

 

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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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