Southeastern Financial Credit Union

Rochester event-Cummins DeJong Senjem Hansen Westphal 2– The Minnesota Credit Union Network (MnCUN) continued its statewide series of “Minnesota Minded” events in Rochester on Tuesday, featuring news about the growth Minnesota credit unions have experienced since the financial crisis.

The latest Minnesota Minded event included Mayo Employees Federal Credit Union CEO/Administrator Mary Hansen, Red Wing Credit Union President/CEO Aaron DeJong, HomeTown Credit Union President/CEO Kim Westphal, State Sen. David Senjem and MnCUN President & CEO Mark Cummins. The group highlighted credit union community involvement and financial education initiatives.

“Minnesota credit unions have seen record growth over the past two years due to consumers’ trust in their local credit unions, ” said Cummins. “With financial education and community initiatives, credit unions help consumers develop skills for a stronger financial future.”

Sen. Senjem added, “Credit unions are based on trust. They are member-owned, member-directed and always put the needs of their members first.”

In 2013, Mayo Employees Federal Credit Union set out to save members $18 million on loan payments during the year. Not only did the credit union meet its goal, but it also exceeded it by nearly $1 million – saving members $18, 970, 687. Through educational seminars, credit score clinics and one-on-one meetings with loan officers, credit union members identified opportunities to refinance or consolidate debt. These activities saved members money over the life of their loans and helped them work toward a path of financial wellness.

“We continue to look for opportunities to help our members and their families benefit from this type of assistance, ” said Hansen. “Our members can be confident that their credit union will always look out for their best interests. We are dedicated to our mission of ‘You care for them, we care for you.’”

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