Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Minn. foundation adds 2 new board seats appoints directors
SAINT PAUL, Minn. (10/21/09)--The Minnesota Credit Union Foundation (MnCUF) added and filled two new seats to its board of directors at the board’s Oct. 8 meeting as part of the foundation’s recent development progression. Dave Larson of Affinity Plus FCU (APFCU) and Pat Brekken of Richfield/Bloomington CU (RBCU) have been appointed to one-year terms on the MnCUF board, following an affirmative membership vote on the bylaw amendments recommended at the annual meeting in July. Larson is senior vice president of APFCU, where he has worked for nearly eight years. He also serves as the executive director of the Affinity Plus Foundation, whose mission is to promote financial literacy statewide. Brekken is RBCU’s president, a position he has held for the past five years of his 13-year career with the credit union. He currently serves as a director of the Richfield Spartan Foundation, which raises money to support youth participation in sports and fine arts activities throughout Richfield. In 2008, Brekken served as chair of the MnCUF’s Homes for Our Troops Fundraising Committee. Through this initiative, Minnesota credit unions contributed $150,000 to build a specially-adapted home in Woodbury, Minn., for a wounded Iraq War veteran. The two newest board members join the five existing MnCUF directors, re-elected by the membership in July. The directors and term expiration dates are:
* Chuck Albrecht, Mid-Minnesota FCU, Baxter (2012); * Vice Chair Lynn Kothe, North Memorial FCU, Robbinsdale (2012); * Mukomela, Novation CU, Oakdale (2012); * Mary Hansen, Mayo Employees FCU, Rochester (2011); * Secretary/Treasurer Judy Root, Bluestone FCU, Eagan (2011); * Larson, APFCU, St. Paul (2010); and * Brekken, RBCU, Richfield (2010).
Since attaining status as a 501(c) 3 public charity in 2007, the MnCUF board has undergone a strategic planning process, with the aim of strengthening its governance structure and broadening its focus. Other recent accomplishments have included revising bylaws, creating and improving operational policies, establishing a greater Web presence, and recruiting a volunteer administrator. “I am energized by our progress, and we are very excited about continuing to develop the foundation into the premier charity that we know it can be,” said MnCUF Chair Kristi Mukomela.


RSS print
News Now LiveWire
.@TheNCUA open board meeting starts at 10 a.m. ET tomorrow. It is board member J. Mark McWatters' first. Watch @NewsNowLiveWire
10 hours ago
.@CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.
10 hours ago
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world. http://t.co/kcXykiRQVn
13 hours ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market http://t.co/u7Fb5l5fwM
13 hours ago
.@Experian study confirms that building a credit history is beneficial to financial marginalized communities. 64M are "credit invisibles"
13 hours ago