Dakota CU News & Notes
by DAKCU Communications

DAKCU Closed Monday, October 12

Dakota Credit Union Association (DAKCU) will be closed on Monday, October 12 in observation of Columbus Day and Native American Day. Columbus Day is a national holiday that officially celebrates the anniversary of Christopher Columbus' arrival in and the discovery of the American Continent on October 12, 1492. Not all states or regions follow this observance, and instead, they celebrate other events on the day. South Dakota's official holiday on this date is Native Americans' Day.


CU Lunch Local Next Tuesday

Show your support for local businesses by participating in CU Lunch Local next Tuesday, 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!


ICU Day Next Thursday

ICU Day will take place next Thursday, October 15. Be sure to check out the FREE graphics from Dakota Credit Union Association and other resources available from CUNA in the related Memo story today. Let’s spread the word!


 Depository Institutions and Financial Inclusion

The National Credit Union Administration will host a free webinar on financial inclusion and minority depository institutions on Oct. 21 titled, “Pathways to Consumer Financial Well-Being: The Importance of Financial Inclusion and Minority Depository Institutions.” It is scheduled to begin at 2 p.m. Eastern and will run approximately 60 minutes. This webinar is open to consumers, credit unions, and parties interested in working with credit unions to expand access to safe and affordable financial services in underserved communities. Learn more and register here.


New CUNA Mutual Resources Available

CUNA Mutual Group has provided a number of resources in response to recent changes to business practices. Among these resources is an on-demand webinar that provides tips for refocusing operations (considering recent and past business resiliency lessons learned) to help prepare for the next possible interruption. This webinar can be accessed here.

Also be sure to check out the Business Resiliency: Lessons Learned eBook, to uncover lessons learned, challenges, successes and actionable insights to help your credit union adapt and evolve. Rethinking the Way We Protect People, Assets & Reputation eBook discusses credit union strategies and how protection may need adjustments based on marketplace realities after managing through crises. The Flexible Workplace Checklist provides quick tips to improve your workplace wellness by implementing ergonomically friendly arrangements wherever you are. Finally, the Abusive Members Risk Overview provides guidance on understanding how to manage disgruntled members and to ensure you have appropriate policies and procedures in place. Find these resources at https://www.cunamutual.com/.


Capital CU New Hire

Capital Credit Union has announced the hiring of Patty Olson as vice president of human resources. Olson has 20 years of professional experience in human resources combined with 16 years of executive-level experience in multi-location and multi-state organizations. As vice president of human resources and a member of the credit union’s senior management team, Olson will be responsible for all aspects of the human resources functions including management and oversight of the compensation and benefits programs; workforce planning and talent management; policy development; employee relations; planning and implementation of departmental and strategic goals; and overall strategic leadership for the human resources function while overseeing department staff and responsibilities. Olson earned a Master of Business Administration with a Human Resource Management specialization from the University of Mary in 2013. She is an active member of the Fargo-Moorhead Human Resource Association (FMHRA) and Society for Human Resource Management (SHRM). Olson holds an SHRM-SCP certification and is a volunteer guest speaker for various human resources college associations.


Pactola Seeking Credit Analyst

Pactola Commercial and Agricultural Lending is seeking a junior level credit analyst. The ideal candidate will have the minimum of a bachelor’s degree, excellent oral communication skills, good analytical skills, and the ability to write coherently. Previous experience in the commercial and/or agricultural lending field is not required but would be a plus. The chosen candidate will be based in Rapid City to learn under the tutelage of the Pactola team. To apply, please submit your letter of interest and resume to Sarah McDonnell, Senior Credit Analyst at sarah.mcdonnell@pactola.com.


Buy 2 Get 1 Free Webinars

Credit Union Webinar Network is offering a special Buy 2 Get 1 Free special 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.


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 the 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 13: The secret to making difficult conversations easier
  • October 20: Growing a small CU in a rural setting
  • October 27: Contract negotiation
  • November 3: Marketing efforts post COVID-19
  • November 10: NCUA’s learning management service

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


Central Chapter Zoom Meeting

Central Chapter will hold a Zoom meeting on Tuesday, October 20 at 6:00 p.m. Program will be IRS Tax Fraud/Data Breach Notifications with Jody Gillespie from the South Dakota Attorney General Office. Contact Tiffanie Kouf, M-O Federal Credit Union at 605.353.9977 or tiffaniek@m-ofcu.com by Wednesday, October 14 to register. Information to join meeting will be sent to you after you register.


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, titles, and email addresses 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.


Share News

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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