June 15 is World Elder Abuse Awareness Day (WEAAD)—marking a perfect opportunity to educate your members about elder financial abuse and how to prevent it.…
The Pros and Cons of Buying a Home in Foreclosure
There are many factors to consider when purchasing a home, but when purchasing a foreclosed property, it is important for buyers to closely weigh the…
Financial Fitness Fair Season Concludes
That’s a wrap! After several busy weeks promoting financial education in Maine schools, the last scheduled Financial Fitness Fair of the academic year took place…
Maine Legislature Recognizes April as National Financial Capability Month
Tomorrow marks the beginning of a new month that will be focused on promoting financial education. To commemorate the occasion, the Maine Legislature on Tuesday…
It’s Almost National Credit Union Youth Month
April is right around the corner, which means it’s almost time to celebrate National Credit Union Youth Month and National Financial Literacy Month. While credit…
Hancock County Technical Center Hosts Financial Fitness Fair
WABI TV provided coverage of last week’s Financial Fitness Fair at the Hancock County Technical School. The Fair was hosted by the Bangor Chapter of…
When Are People Ready to Purchase Their First Home?
Buying a home can be exhilarating and liberating. For many, it signifies the realization of the American dream. This edition of the Financial Literacy Blog…
Register for the Fostering Financial Education in Maine Schools Conference!
Did you know your credit union can attend the 14th Annual Fostering Financial Education in Maine Schools Conference at no cost? This two-day event is…
Preventing Tax Identity Theft
As taxpayers begin thinking about filing their 2022 returns, fraudsters are looking for ways to steal their information. This edition of the Financial Literacy Blog provides…
Ending Hunger as an Outcome of Financial Education
Last week, the Maine Credit Union League partnered with MaineHealth in offering a financial education workshop at Franklin Memorial Hospital’s food pantry. The event was…
The Pros and Cons of Buy Now, Pay Later
This edition of the Financial Literacy Blog explores the pros and cons of Buy Now, Pay Later payment options, which have becoming increasingly popular among consumers.
New Member Moment Offers Tips for Lowering Home Heating Costs
Maine Credit Unions recently created a new Member Moment video that provides tips to help members lower their home heating costs. Credit unions are encouraged…
Reducing Your Energy Costs
In 2023, Mainers who receive their electricity from one of the state’s two major distributors will see an increase in their monthly electric bills. In…
The True Cost of Car Ownership
Expenses like maintenance, gas, registration, and insurance are all costs car buyers should consider before they sign and drive away with a new vehicle. The…
There’s Still Time to See Yourself in Cyber
There are only a few days left in Cybersecurity Awareness Month. Have you done your part to be cyber smart? The latest edition of the Financial…
The Impact of Student Loan Forgiveness on Credit
The Financial Literacy Blog examines President Biden’s student loan forgiveness plan and the potential impacts debt relief could have on a borrower’s credit. Credit unions…
Is Your Credit Union’s Financial Fitness Fair Planning Underway?
With schools back in session for over a month, educators may be looking for resources and activities to further engage their students. Many have even…
What Is Gap Insurance?
If your vehicle were to ever be totaled or stolen, finding out you owe more on the vehicle than it’s worth would make an unfortunate…
Oxford FCU Is New Financial Education Partner for JMG
Oxford FCU is pleased to announce that they are partnering with JMG programs in Oxford County for the 2022/23 school year. The credit union is…
Atlantic FCU to Offer Virtual Credit Score Improvement Seminar
Atlantic FCU will present a virtual credit score seminar on September 22, from 5:30 – 6:00 pm. Experienced financial professionals will offer insights and valuable…
Federal Student Loan Forgiveness Scams
On August 24, President Biden made an important announcement regarding federal student loan forgiveness. The President revealed his long-awaited plan to provide targeted student loan…
Member Moment Offers Financial Tips to Help with Back to School Prep
Maine Credit Unions recently created a new Member Moment video that offers some simple tips to help families plan for back to school. Credit unions…
Raising Awareness About How Maine Credit Unions and the League Can Help Teachers This School Year
Earlier this week, Jake Holmes, the League’s Financial Literacy Outreach Coordinator, spoke with ABC 7 Bangor about Maine Credit Unions’ financial education curriculum. He shared…
Account Opening Checklist
What do potential new members need to know before they open a checking or savings account at your credit union? The latest edition of the…