Maine Credit Union League Weekly Update

Maine voters went to the polls this week and delivered several significant changes across federal and state government. Democrats expanded their majorities in the Maine Legislature, elected a new governor, and unseated a longtime incumbent U.S. senator. On Thursday, the Secretary of State announced that neither candidate received 50% of the vote in Congressional District 2, however, Democrat Matt Dunlap conceded the race, making way for former Governor Paul LePage to become the next congressman. 

The National Credit Union Administration announced two final rules and a proposed rule as part of the fourteenth round of proposed regulatory changes associated with NCUA’s Deregulation Project. With Tuesday’s announcement, NCUA is requesting comments on one proposal that would eliminate an obsolete regulation in the Code of Federal Regulations.

The League is excited to share the newest commercial in our Statewide Awareness Campaign, featuring a sweet success story from Momo’s Cheesecakes in Ellsworth. Our latest ad highlights a local Maine business and the important role credit unions play in helping their members pursue their dreams, grow their businesses, and plan for the future.

October was a busy month for Maine’s credit unions as they celebrated CU Kind Day and International Credit Union Day, supported the $100,000 Ending Hunger Challenge, and participated in fall festivals and community events. Through these efforts, credit unions across the state demonstrated their commitment to People Helping People and making a positive difference in their communities.

Creativity takes center stage! Maine credit unions are invited to showcase their most innovative Ending Hunger fundraisers by submitting nominations for the 2026 Innovation in Action Award from now until November 30.

The Bath Area Family YMCA is bringing the community together to help fight hunger through two special initiatives this November, and volunteers and donations are needed to make both efforts a success.

The County FCU recently held their annual Fall Festival to End Hunger at Big Rock Mountain in Mars Hill and raised just shy of $50,000 for local food pantries. The Fall Festival to End Hunger is a music and food festival held annually at Big Rock Mountain in Mars Hill on the first Saturday in October.

In recognition of National Co-op Month, David Libby, President and CEO of Town & Country FCU, authored a guest editorial published in the Bangor Daily News on October 31. Titled “Maine is Better When We Work Together,” his commentary highlights the important role cooperatives play in strengthening Maine’s communities and local economy.

Each month, the Maine Credit Union League brings together credit unions from across New England for virtual discussions on fraud trends, challenges, and insights from industry experts. To join an upcoming discussion, contact our League for meeting details.