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The Maine Legislature kicked off its 2026 legislative session this week, and with it comes a busy year for issues impacting credit unions and their…
Maine Credit Union League Joins Call for Federal Guidance on Penny Transition
Last week, the Maine Credit Union League joined credit unions nationwide in signing a letter to the Federal Reserve, calling for clear guidance on the operational…
Senator Susan Collins Visits the Maine Credit Union League; Congresswoman Pingree Visits Midcoast FCU
On December 5, Senator Susan Collins visited the Maine Credit Union League for a meeting with the League’s Board of Directors and employees of both…
New Legislation in Effect: Real Estate Transfer Tax Exemption for MaineHousing First Time Home Buyer Program
On November 1, new legislation came into effect which exempts sellers and buyers from Maine’s Real Estate Transfer Tax if they are a first-time homebuyer and utilize…
Maine Bureau of Financial Institutions Issues Non-Sufficient Funds Fees Bulletin
On November 20, the Maine Bureau of Financial Institutions Department of Professional and Financial Regulation issued guidance to state-chartered financial institutions on the charging of…
Administration Rescinds Planned CDFI Fund Reductions
The Trump Administration has reversed its earlier decision to implement shutdown-related workforce reductions at the CDFI Fund. America’s Credit Unions reports that this change came…
League Proudly Announced CULAC Award Winners
During the conclusion of this year’s Legislative Forum, the League celebrated those who went above and beyond in their support of the League’s advocacy efforts.…
Connection, Collaboration, and Advocacy: The 2025 Legislative Forum Delivered
The Maine Credit Union League’s annual Legislative Forum once again brought together credit union leaders, policymakers, and advocates for a day filled with energy, connection,…
Enter the 2026 GAC Scholarship Contest Today
America’s Credit Unions is excited to announce the launch of the 2026 Small Credit Union Governmental Affairs Conference Scholarship Contest! A lucky winner(s) will receive…
Who Wants to Crash the GAC?
For 17 years, Crash the GAC—the Cooperative Trust’s flagship “Crash” program—has been connecting emerging leaders with the credit union movement’s brightest minds. This unique experience…
CDFI Fund Turmoil Prompts Advocacy Push from ACU
The Community Development Financial Institutions (CDFI) Fund, an essential federal program that supports mission-driven lending in low-income and underserved areas, has entered a period of…
Dress-Down for CULAC Next Week
Next week, October 20–24, 2025, employees at participating credit unions can swap business attire for casual wear—while supporting advocacy for the credit union movement. Dress-Down…
Government Shutdown Update
The federal government shutdown is stretching into another week with no end in sight, leaving thousands of federal workers without pay and many Mainers feeling…
The 2025 Legislative Forum is Less Than a Month Away! Register and Donate a Gift to Support CULAC
The Maine Credit Union League hopes to see you at this year’s Legislative Forum, our signature political event that unites credit union leaders, policymakers, and…
Lawmakers Fail to Reach Funding Agreement, Triggering Shutdown
By the time the clock struck midnight on October 1, lawmakers still had not reached a federal funding agreement, forcing the government into shutdown. As…
Upcoming Changes to Real Estate Transfer Tax and New Protections for Older Adults
When the Legislature passed the state budget in June, it included a change to Maine’s real estate transfer tax. While the base rate remains $2.20…
League Participates at America’s Credit Unions Congressional Caucus
The League traveled to Washington, DC, this week for the 2025 Congressional Caucus, joining credit union leaders from across the country. This year was the…
Register Now for the 2025 Legislative Forum and Support CULAC
The League is excited to invite you to Legislative Forum, our League’s signature political event of the year, happening on November 6. This gathering brings…
League Releases 2025 Legislative Session Recap
The Maine Credit Union League has released its 2025 Legislative Session Recap, highlighting the advocacy work we accomplished together in Augusta. The report outlines key…
Industry on Alert for Potential Interchange Proposals in FY26 NDAA
America’s Credit Unions has joined with other financial services trade groups in urging Congress to reject any proposed amendments to the FY2026 National Defense Authorization…
Mortgage Trigger Leads Bill Passes Congress
On August 2, the Senate passed H.R. 2808, the Homebuyers Privacy Protection Act. The Act, which will take effect 180 days after President Trump signs…
On the Hill: Tax Status Fight and Executive Action on Debanking
Last week, 52 state banking associations sent a letter to the U.S. Treasury Department requesting a formal study of the credit union tax exemption. In…
Ethan Barber Joins the Maine Credit Union League
Ethan Barber, a recent graduate of the University of Denver, has joined the League as our new Manager of Governmental Affairs. His first day was…
Court Halts NCUA Board Reinstatement; CDFI Funding Stalls in Washington
A federal appeals court granted an immediate stay late last Friday on the reinstatement of dismissed NCUA Board Members Todd Harper and Tanya Otsuka, pending…
Federal Judge Reinstates Todd Harper and Tanya Otsuka
On Tuesday, U.S. District Judge Amir H. Ali ordered the immediate reinstatement of former NCUA board members Todd Harper and Tanya Otsuka. His decision ruled…