Advocates share credit union difference at Minnesota State Capitol

More than 100 credit union professionals and board members gathered at the State Capitol last week to share with legislators that credit unions play an important role in the financial well-being of all Minnesotans.
 
The Minnesota Credit Union Network’s (MnCUN) annual state legislative advocacy event, IMPACT 23: CU Day at the Capitol, was held in-person for the first time since 2020.

“It was great to be back together at the Capitol and MnCUN thanks credit union advocates for taking the time to share credit union priorities with lawmakers,” said Mara Humphrey, MnCUN Chief advocacy and engagement officer.

Attendees heard from legislative leaders, including:

• State Senator Jordon Rasmussen met with the MnCUN young professionals’ group, The CREW,
• State Representative Kaohly Her spoke to the Grassroot Coordinators, employees who help increase political awareness and participation of other credit union staff,
• Former State Representative Jim Davnie joined MnCUN Director of Governmental Affairs Ryan Smith for the session, "Legislators are People, too," to prepare attendees on what to expect from meetings with legislators, and
• House Speaker Melissa Hortman, House Minority Leader Lisa Demuth, and Senate Assistant Minority Leader Zach Duckworth addressed the general session and shared the importance of hearing from constituents.

Two credit unions, Hiway and Royal, brought student employees who run branches at their respective high schools to discuss proposed legislation to require personal finance courses to graduate high school.

Dan Johnson, CEO-designee of the proposed credit union in North Minneapolis, Arise Community, testified in support of a bill. H.F. 290, that would cap interest rates on short-term, high-interest loans, often referred to as payday loans.