Minnesota Credit Union Network (MnCUN)

Minnesota Credit Union Network logo

The Minnesota Credit Union Network is a statewide organization that serves and supports the needs and interests of credit unions throughout Minnesota. The Network, working in conjunction with the Credit Union National Association (CUNA), provides hundreds of products and services, ensuring that Minnesota credit unions have access to the best financial options for their members.

Services and Support

MnCUN works on behalf of Minnesota’s 132 credit unions and more than 1.6 million credit union members. Activities include:

  • providing legislative advocacy on the state and federal levels;
  • assisting in credit union development;
  • providing regulatory compliance support;
  • coordinating educational opportunities for credit union staff and volunteers;
  • maintaining media relationships;
  • facilitating cooperative advertising;
  • matching credit unions with product and service providers;
  • administering the Minnesota Credit Union Foundation;
  • participating in charitable fundraising; and
  • supporting international credit union development.

Mission Statement

We are an association designed to ensure the success, growth and vitality of our member credit unions by creating a positive public environment through leadership, political advocacy, education, awareness and regulatory assistance.

MnCUN's Core Values Statements:

  • We believe in sustaining and defending the credit union model of a member-owned, not-for-profit, democratically-controlled financial cooperative.
  • We value all member credit unions regardless of size, charter or geographic location.
  • We believe credit unions are an essential service provider in the financial marketplace.
  • We believe in the philosophy "people helping people” by encouraging and supporting our member credit unions to become involved in the communities they serve.
  • We value people over profit.
  • We believe in the preservation of a strong dual chartering system.
  • We believe that all consumers should have the option to become a credit union member.

History of Minnesota Credit Unions

In 1923, a handful of ordinary working men and women pooled their resources to form the first credit union in the state of Minnesota. They knew then, as we know now, that access to high-quality financial services at affordable rates was essential to improve the lives of their families and friends.

The first credit union in Minnesota was organized for Minneapolis postal employees in the spring of 1925. Fifteen workers attended that first meeting, held in the Postmaster’s office. When the Minneapolis Postal Employees Credit Union opened its doors, it had $146.25 in assets. By the end of that same year, its assets had increased to $6,418. That credit union, known today as US Federal Credit Union, has continued to maintain itself and its original mission of providing affordable financial services to its members.

Today, 132 credit unions exist in Minnesota. These organizations serve a variety of groups…from the Ely Steelworkers Credit Union (serving steelworkers in the Ely, Minnesota area) to the Latvian Credit Union (serving members of specified Latvian organizations) to General Mills Federal Credit Union (predominantly serving employees of General Mills ). While each credit union is unique in the group(s) it serves and products it offers, each practices the philosophy of the credit union movement, “people helping people.”

Employees and Location

MnCUN employs approximately 16 people in its Saint Paul, Minnesota location. The office is also home to the Minnesota Credit Union Network Foundation.

See also

  • Credit Union National Association
  • National Association of Federal Credit Unions
  • National Credit Union Administration
  • National Association of State Credit Union Supervisors