Maine Credit Union League Weekly Update

Credit unions are great places to work—we know it, and you know it. But it’s important to demonstrate why credit unions are great places to launch and grow a career to even more Mainers. To complement Maine Credit Unions’ Statewide Awareness advertising, the League has created a careers handout that credit unions can use to assist with their individual hiring efforts.

With Convention just around the corner, the League’s Governmental Affairs team is soliciting donations for their annual silent auction to benefit CULAC. Your credit union can support CULAC by donating an item. The silent auction is a vital part of our state CULAC’s fundraising, and it goes directly to supporting credit union friendly candidates in Augusta. 

The League recently created two resources—now available on our website— to help you communicate about the eight cooperative principles and the credit union difference. These assets provide an overview of the principles that drive our values and purpose and make us a trusted financial partner. 

Six Rivers Youth Sports is working hard to promote and grow youth sports in Maine’s Midcoast region. The organization is poised to build a new community-oriented ice arena and sports complex once the necessary funds are raised. To help, they have launched a capital campaign and are actively seeking interested businesses and community partners to offer their financial support.

New Dimensions FCU is proud to announce its first-place victory in the Morning Sentinel’s Reader’s Choice 2024 awards. This esteemed recognition reflects the unwavering support of the credit union’s members, community, volunteers, and staff.

Are you interested in learning more about the Federal Home Loan Bank of Boston (FHLBank Boston) and how it can help you reach your liquidity and community support goals? There will be a Member Open House at the Prudential Center in Boston on May 17, from 9:30 am – 2:00 pm.

The $100,000 Ending Hunger Challenge, which typically takes place during the month of June in support of National Hunger Awareness Month, is moving to October this year! Our League hopes we can still count on your credit union’s support of this annual fundraising event aimed at raising $100,000 for the Campaign for Ending Hunger in just one month. 

Is your credit union leveraging the resources found on InfoSight? If you aren’t, you should! A snapshot of the topics available in this week’s InfoSight newsletter are below.

• NCUA Board Approves Advance Notice of Proposed Rulemaking on Records Retention
• CFPB Updates Supervision Designation Procedures
• FinCEN Reminds Financial Institutions to Remain Vigilant to Environmental Crimes
• FinCEN Updates Beneficial Ownership Information FAQs

This edition of the Financial Literacy Blog highlights what you need to know about shipping scams and how you spot the signs before you fall victim. Credit unions are encouraged to share the Financial Literacy Blog with their members.

This TruStage™ articles examines how selflessness can stop a credit union executive from asking for the compensation they really need or want, and points out how there are many creative—and in fact, financially beneficial—ways to make executive benefits affordable for credit unions.