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Minnesota Credit Union Network Update Alloya Economic and Investment Conference Wednesday, October 9, 2019

Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit

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Page 1: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit

Minnesota Credit Union Network Update

Alloya Economic and Investment ConferenceWednesday, October 9, 2019

Page 2: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit

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

Together we are stronger.

102 credit unions

396branches

1.8 Mmembers

4,877employees

25Bassets

MnCUN Mission

Page 3: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit
Page 4: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit
Page 5: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit

The ever-changing political landscape of financial institutions demands consistent legislative & regulatory advocacy, along withstrategic communications to position credit unions as the best financial partner for Minnesotans

Training & development opportunities provide staff & volunteers the information and networking they need to perform in their positions effectively & efficiently

Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities

Connecting credit unions with tools, products & services to meet the needs of members & employees

Page 6: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit

Connect

Page 7: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit

MEDICACHOICE®

PASSPORT

Broad open access network. Over 800,000 physicians and 5600hospitals. Pass through 100% negotiated discounts

Medica Service Area

Extended Service Area

VantagePlus with Medica℠

12 hospitals650 clinics

Savings Compared to Medica Choice Passport: 10%

Park Nicollet First with Medica℠

55 medical specialties20 neighborhood clinics

Savings Compared to Medica Choice Passport: 12%

Ridgeview Community Network®

powered by Medica

40 primary care clinics150 specialty care clinics

Savings Compared to Medica Choice Passport: 12%

Medica CompleteHealth℠ (featuring care at

Mayo Clinic)

20 hospitals 60 clinics

Savings Compared to Medica Choice Passport: Up to 7%

Essentia Choice Care with Medica℠

26 hospitals70 clinics

Savings Compared to Medica Choice Passport: 12%

Altru & You with Medica℠

17 hospitals40 primary care clinics

Savings Compared to Medica Choice Passport: 10%

Medica CompleteHealth℠

Employee elects network at time of enrollment

MnCUN Association Health Plan – Network Options

Page 8: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit

Inspire

Page 9: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit

Educate

Page 10: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit

Advocate

Page 11: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit

2020 Awareness is Advocacy Strategy

• Maximize reputation and public affairs during awareness;

• As we did in 2018 and 2016, position Credit Unions and messages in front of elected, influencers, and opinion leaders;

• 201 legislative races on the ballot in 2020

• US Senate Race and up to 5 competitive Congressional Races

Page 12: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit

Eye-Opening Results

Page 13: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit

of non-members surveyed would consider a credit union after viewing the campaign

Page 14: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit

2020 Awareness Campaign• Focus on credit union

consideration messages that are gaining traction.

• Build the 2020 plan for consumer awareness based on the most effective executions of 2019.

• Maximize statewide presence in events as possible.

• Learn from CUNA’s research and findings from MN and other states.

Page 15: Minnesota Credit Union Network Update · Leveraging the credit union difference and cooperative principles to positively impact credit unions & their communities. Connecting credit