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Governor praises CUs for service to Minnesotans
ST.  PAUL, Minn. (2/1/13)--Minnesota Gov. Mark Dayton this week joined other state legislators and officials in praising the services and support credit unions provide consumers. Dayton also stressed that his proposal for tax reform does not involve credit unions' tax exemption, said the Minnesota Credit Union Network.

Click to view larger imageMinnesota Gov. Mark Dayton, praising credit unions, addresses the crowd, during the Minnesota Credit Union Network's Credit Union Day at the Capitol in St. Paul. (Photo provide by the Minnesota Credit Union Network)
Defending the credit union tax exemption is the Credit Union National Association's No. 1 priority this year, CUNA President/CEO Bill Cheney said Jan. 25 in The Cheney Report. Several state credit union leagues such as Ohio and Oregon also are monitoring tax reform proposals in their states. 

Dayton said tax reform in the state won't involve credit unions because they provide important services, and he won't tamper with that.

"I have special regard for those who serve their members and their needs, for those who provide savings back to their customers. I thank you for that," said Dayton, speaking to more than 150 credit union representatives at MnCUN's annual political advocacy event, Tuesday in St. Paul. Credit union leaders also heard the governor's plans for the budget in the next biennium.

Financial literacy also was a hot topic at Credit Union Day, MnCUN said. Dayton and Minnesota Department of Commerce Commissioner Mike Rothman touched on its importance. Rothman told attendees he believes credit unions and the state can work together to make big strides in the financial literacy realm.

"We have a common goal--that people, from kindergarten to retirement, have the lifetime skills to attain financial stability," Rothman said. 

In visits with their local legislators, credit union leaders emphasized the financial literacy and credit union messages. They touted the avenues used to help members with financial education, including in-school, student-run credit union branches--HomeTown CU in Owatonna and St. Paul (Minn.) FCU.

Following the theme of this year's Credit Union Day, "Minnesota Credit Unions: A Trusted Partner," attendees talked with legislators about why more consumers are choosing credit unions--with trust being a top factor.

Participants with MnCUN's young professionals group The Crew--for new and mid-level credit union employees 35 and younger--learned how to advocate for credit unions and address issues in visits with elected officials.

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