7 Minnesota credit unions win awards, advance to national competitions
ST. PAUL, MN (September 10, 2020) — The Minnesota Credit Union Network (MnCUN) is pleased to announce the state-level winners of the 2020 Dora Maxwell, Louise Herring and Desjardins award competitions. These awards are sponsored each year by MnCUN and the Credit Union National Association (CUNA).
The 2020 Minnesota award-winners in the asset categories noted are:
Dora Maxwell Social Responsibility Community Service Award $250 million – $1 billion in assets: SouthPoint Financial Credit Union More than $1 billion in asset: Affinity Plus Federal Credit Union
Louise Herring Award for Philosophy in Action $50 – 250 million in assets: First Alliance Credit Union $250 million – $1 billion in assets: SouthPoint Financial Credit Union More than $1 billion in assets: Affinity Plus Federal Credit Union
Desjardins Adult Financial Education Award $50 – 250 million in assets: HomeTown Credit Union $250 million – $1 billion in assets: TopLine Federal Credit Union More than $1 billion in assets: SPIRE Credit Union
Desjardins Youth Financial Education Awards $50 -$250 million in assets: North Star Credit Union $250 million – $1 billion in assets: TopLine Federal Credit Union More than $1 billion in assets: SPIRE Credit Union
“The Dora Maxwell, Louise Herring, and Desjardins statewide award winners illustrate how credit unions live the “people helping philosophy” through their everyday operations, community service and education,” MnCUN President & CEO Mark Cummins. “We are proud of the work that they do to improve their members’ financial well-being and communities as a whole.”
The Dora Maxwell Social Responsibility Community Service Award was created in 1987 and recognizes credit unions for the activities they coordinate that benefit the community or a specific charity. This award promotes social responsibility among credit unions by formally recognizing their achievements outside the credit union.
The Louise Herring Philosophy in Action Member Service Award is given to a credit union for its practical application of the “people helping people” philosophy in internal operations. Created in 1990, this award promotes the credit union philosophy by formally recognizing credit unions that demonstrate in an extraordinary way the application of the movement’s principles in serving their members.
The Desjardins Youth and Adult Financial Education Awards formally recognize the leadership of individual credit unions and chapters in their efforts to better educate youth and adults in financial literacy.
About Minnesota Credit Union Network
The Minnesota Credit Union Network is the statewide trade association that works to ensure the success, growth, and vitality of Minnesota credit unions. With $29 billion in assets, Minnesota credit unions are local, trusted financial cooperatives that serve almost 1.9 million members at around 400 branch locations around the state. As not-for-profit institutions, credit unions give back to the communities they serve. For more information, visit mncun.org.