Central Minn. CU receives $228K financial leadership training grant

June 16, 2014

MELROSE, Minn. (6/17/14)--Financial literacy and education are critical components of a credit union's operation.  One credit union in Minnesota soon will be able to take that commitment to the next level, thanks to a sizeable financial training grant from the state's Department of Employment and Economic Development.

Signing the MJSP grant were (from left): Bob Defries, dean of customized training at Alexandria Technical and Community College; Rick Odenthal, CEO at CMCU; and Paul Moe, director at MJSP. (Minnesota Credit Union Network photo)

Central Minnesota CU (CMCU), Melrose, Minn., with $828 million in assets, has received $228,760 from the state to put together a CMCU Leadership and Financial Leadership training development program. 

The credit union will work in collaboration with Alexandria Technical and Community College to create a new curriculum and design new courses for the credit union's employees.  Employees will be required to complete the internal program on financial leaderships skills and it is expected that they will come away with the skills necessary to succeed at the management level within CMCU.

"The increased knowledge of the CMCU team, in direct regards to leadership and finance, will lead to increased strength, service and growth of the organization, employees, members and community," said Nadine Rieland, CMCU vice president of human resources.

"Our culture empowers employees to be involved in leadership and the financial planning process, which is why we are developing the leadership and financial education for our current and future leaders," Rieland added.