ST. PAUL, MN (October 28, 2013) -- Minnesota Credit Union Network (MnCUN) President & CEO, Mark D. Cummins, and Director of Business Development, Vickie Ganrude, held an education session with a group of Minnesota Department of Commerce credit union examiners on Oct. 24.
The presentation included an overview of MnCUN’s mission, along with an overview of the consulting services provided by Ganrude and MnCUN Compliance & Audit Consultant Marcia Armstrong Lewis.
“From a compliance standpoint, receiving a document of resolution (DOR) is never a pleasant thing for a credit union,” said Ganrude. “Our consulting services can help guide credit unions through the challenging process of addressing the issues raised in the DOR.”
The group also discussed topics that affect credit unions, including the scope of industry regulations and the potential impact of credit union taxation.
“This was a good opportunity to meet with the state regulators who work directly with our credit unions on a regular basis,” said Cummins. “It’s important for us to keep the lines of communication open so we can best serve our credit unions.”
The Minnesota Credit Union Network is an organization representing the state’s 134 not-for-profit cooperative credit unions serving more than 1.5 million member-owners in Minnesota. For more information, visit www.mncun.org.