Vol. 01 Issue 8 | September 28, 2021

Fall Into Strategic Planning

While kids are getting back in the groove at school, we are all rolling up our sleeves in budget and strategic planning season. It is not quite the same as the smell of sharpened pencils and school pictures, but there is something exciting about the strategic planning process.

This if the first season of planning for me as CEO. It is exciting to think about the ways we can....

Credit Unions, Coffee and Conversation: MSUFCU CEO April Clobes

Celebrate National Hispanic Heritage Month

Each year, Americans observe National Hispanic Heritage Month from Sept. 15 to Oct. 15, by celebrating the histories, cultures and contributions of American citizens whose ancestors came from Spain, Mexico, the Caribbean and Central and South America.

Throughout this month, there are daily virtual events for all ages to learn more about the legacy and successes of Hispanic Americans.

This year’s virtual events:
• Daily Library of Congress Events
• National Archives Events
• Smithsonian Events
Advocacy & Compliance
Key State Issues
  • MCUL’s 2021 State GAC will take place on Oct. 13, and we are excited to kick it off with our first “PAC the Pub!” state PAC fundraising event.
  • The Independent Citizens Redistricting Commission (ICRC) has been hard at work crafting its initial proposals on state and federal legislative districts for public review.
  • We will be meeting with our federal policy makers virtually this fall as part of a Hike from Home, similar to what we did in the fall of 2020 and for the 2021 CUNA GAC.
Key Federal Issues
  • The Financial Exploitation Prevention Act goes into effect this weekend; if you have any needs or questions on this topic, please reach out to our Advocacy Team.
  • We are monitoring the unfolding efforts on the $3.5 trillion infrastructure package, continuing to discuss the increasingly controversial IRS data gathering program.
  • The U.S. House has passed the National Defense Authorization Act (NDAA) legislation, that includes the SAFE Banking Act language to create a safe harbor for financial institutions to bank cannabis-related businesses.
Education & Networking
October Packed with Online Training: Lending School, Gambling Impact, Inclusivity, IRA and Contact Center Conference

It’s time to review staff training needs and schedule end-of-year sessions with convenient virtual events offered by MCUL. Next week, Oct. 5-6, Don Arkell returns to facilitate the Virtual Lending School, with ...

The Credit Union Difference

Budget Now to Support MCUF in 2022

Did you know that the Michigan Credit Union Foundation (MCUF) is supported entirely by annual donations from the credit union system and credit union business donors?

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Making an Impact!
How University of Michigan Credit Union Created a Culture of Giving Back

The University of Michigan Credit Union (UMCU) recently donated $9,000 to the American Heart Association (AHA) —  all of which was raised through team member contributions.

Back in May, UMCU participated in the AHA’s 2021 Virtual Heart Walk. Team members walked to bring awareness to AHA’s mission and raise...

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MCUL Advocacy Win:
Financial Exploitation Prevention Act Gives New Protections for Vulnerable Adults

Vulnerable adults in Michigan have new protections in place after the Financial Exploitation Prevention Act took effect on September 26, 2021. The statute enacts new requirements on financial institutions to ensure they have training and procedures in-place to...

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NCUA's Letter to CUs Navigating the End of Pandemic-Era Homeowner Protection

On Sept. 27, the National Credit Union Administration (NCUA) released a letter to federally insured credit unions titled, "Navigating and Understanding the End of Pandemic-Era Homeowner Protection...

United Federal Credit Union Celebrates the Past While Planning for the Future

United Federal Credit Union (UFCU) has been at the center of immense progress over the past few years as it strives to deliver both personalized, in-person service balanced with an innovative digital....

Small but Mighty: Aeroquip Credit Union Reflects on Winning the 2021 Outstanding CU of the Year Award

During the award ceremony at this year’s 2021 MCUL Annual Convention & Exposition, Aeroquip Credit Union was honored as the winner of the 2021 Outstanding Credit Union of the Year Award...

Credit unions are community-focused entities that place the needs of people over profit. As we look to increase awareness, we need your stories. You can submit your credit union impact stories to share on MCUL website.

Click here to submit your story.
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