ST. PAUL, Minn. (8/27/14)--The Minnesota Credit Union Network (MnCUN) Monday introduced "Minnesota Minded," a report about the growth Minnesota credit unions have experienced since the financial crisis.
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That growth includes the addition of more than 100,000 new members in two years and an increase in nearly every measurement of credit union strength.
Nationally, the Credit Union National Association announced that credit unions had surpassed 100 million memberships in June.
"Minnesota Minded" is designed to illustrate the significant trust that consumers have placed in Minnesota credit unions, which hold over $19 billion in assets and serve more 1.6 million Minnesotans at over 400 locations.
To roll out "Minnesota Minded," MnCUN held a press event on Monday, featuring the community involvement and financial education initiatives led by Affinity Plus FCU, St. Paul, with $1.7 billion in assets, and Wings Financial FCU, Apple Valley, with $4 billion in assets.
"Affinity Plus and Wings are two great examples of the many ways that credit unions throughout the state work within their communities to build a stronger Minnesota," said Mark D. Cummins, MnCUN president/CEO. "Every day credit unions help create a brighter financial future for their members and their communities."
Financial education for youth is a vital component of credit unions' commitment to serving members and communities. "It's important for youth to build financial skills," said Frank Weidner, Wings Financial FCU president/CEO. "In 2014, Wings is partnering with schools throughout Minnesota to teach more than 5,000 students about the basics of financial education, along with the impact that social media and identity theft can have on their future higher education and employment opportunities."
"Minnesota Minded" showcases which illustrates that credit unions are Minnesotans' trusted, local financial partner and that credit unions are closely connected to the communities they serve.
Affinity Plus makes a difference in its community with "Plus it Forward," a program designed to inspire people to perform intentional acts of kindness.
"Being involved in communities is a top priority, and we engage with our 181,000 members to assist in giving back to Minnesota charities," said Dave Larson, Affinity Plus president/CEO. "A great example is our Plus it Forward initiative. On Columbus Day (Oct. 13) Affinity Plus will be out in our communities spreading kindness by doing things like raking leaves for senior citizens and supporting military members and their families."
Additional "Minnesota Minded" press events are scheduled for Brainerd and Rochester in upcoming weeks.