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The Small Business Administration’s Paycheck Protection Program reopened on Monday. For those credit unions offering these loans, the SBA has issued guidance to help financial…
IRS Reduces Standard Mileage Rates for 2021
The Internal Revenue Service has issued its 2021 optional standard mileage rates. The new rate is down 1.5 cents from the rate established for 2020.
Maine’s New Earned Paid Leave Law
Maine’s new Earned Paid Leave law is now in effect for any employer with more than 11 employees for more than 120 days of the…
Legislative Activity Underway in Augusta & Washington, DC
With the start of the New Year, your League’s Governmental Affairs team is beginning to engage with both the new Maine Legislature and congressional delegation.
The 130th Legislature Sworn-In & Constitutional Officers Elected
The League’s Governmental Affairs team provides a timely update on the newly sworn-in Legislature and constitutional officers.
Governor Mills Launches Grant Program to Support Maine Tourism, Hospitality, and Retail Small Businesses
On Monday, Governor Mills announced an economic recovery grant program to support Maine’s tourism, hospitality, and retail small businesses.
Maine Legislature Elects New Leaders
Even though they won’t be officially sworn into office until December 2, the incoming legislators of the 130th Legislature already have begun their work. They have…
Pot Banking Could Get New Life on Toomey-Led Senate Panel
Senator Pat Toomey is expected to chair the Senate Banking Committee if his party maintains control, giving the industry new hope that Congress will enable…
What CUs Can Expect Under President-Elect Biden
In this CUInsight article, Dan Berger, President and CEO of the National Association of Federally-Insured Credit Unions, offers his thoughts on what credit union policy…
New Executive Order Tightens Face Mask Requirements; Limits Gatherings
Earlier this week, Governor Mills signed a new Executive Order requiring that face masks be worn, regardless of the ability to socially distance in all…
League Endorsed Candidates Win Elections
The League’s Board of Directors endorsed 117 candidates during this election cycle. Following Tuesday’s election, the League achieved a 92% success rate with our endorsements.
NCUA Fee Proposal Would Provide Greater Certainty
CUNA expressed its support for the proposed exclusion of Paycheck Protection Program (PPP) loans from a federal credit union’s total assets for purposes of calculating…
An Update from Governmental Affairs: Voting and Endorsements
The League’s Governmental Affairs team provides a timely overview of the early voting process, turning in absentee ballots, and the League’s endorsements.
Legislative Forum Delivers Political Insight Ahead of 2020 Election
Legislative Forum, the League’s signature annual political event, was held on Wednesday and, for the first time, was conducted online. The virtual event delivered timely…
League Announces Endorsements for Congress
The League is pleased to announce its endorsements of U.S. Representatives Chellie Pingree (D) and Jared Golden (D) for Congress.
Get Involved: CULAC Silent Auction and Casual Dress Week
Is your credit union interested in helping CULAC this election season? There are several ways credit unions can get involved this month!
League Announces Its Support for Senator Susan Collins’ Re-Election
The League is pleased to announce its endorsement of Senator Susan Collins for United States Senator.
Maine Credit Union League Endorses Senator Susan Collins
The Maine Credit Union League has endorsed U.S. Senator Susan Collins’ bid for re-election. The League cites Collins’ hard work, her support of Maine’s credit…
Former U.S. Senator Joe Lieberman to Headline the League’s Virtual 2020 Legislative Forum
With important state and federal elections on the horizon, the League is pleased to announce that the Honorable Joe Lieberman will headline this year’s Legislative…
Governor Mills Announces Phase 2 of Maine Economic Recovery Grant Program Funding
Governor Janet Mills announced that her Administration is launching a second phase of the Maine Economic Recovery Grant Program. Phase 2 will make available approximately…
Credit Unions Best Represented by CUNA, Says Independent Study
CUNA and its League partners are the most influential financial services organization and CUNA is one of the top ten most effective advocacy organizations in…
CUNA Announces Virtual Format for 2021 GAC
CUNA announced that the 2021 CUNA Governmental Affairs Conference (GAC) will move to an interactive virtual format. Next year’s event, taking place March 2-4, 2021,…
FHA Delays Adverse Market Refinance Fee
The Federal Housing Finance Agency announced it will delay a proposal to allow Fannie Mae and Freddie Mac to increase the fee for certain purchased…
Governor Mills Launches $200 Million Economic Recovery Grant Program to Support Maine Small Businesses
On Thursday, Governor Mills announced the Maine Economic Recovery Grant Program to support Maine businesses and nonprofits as they continue to grapple with economic hardships…
CUNA Joins Coalition To Oppose Proposed GSE Fee
CUNA joined a broad coalition of organizations to oppose a proposal which would allow Fannie Mae and Freddie Mac (the GSEs) to increase the fee…