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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…
SBA Opens PPP Forgiveness Portal
On August 10, the Small Business Administration opened its Paycheck Protection Program loan forgiveness portal, which enables lenders to submit information for approval.
SBA Announces Webinars for Lenders & Small Business Owners
The Small Business Administration (SBA) has announced it will be holding a series of webinars designed for lenders, small business owners, and lending partners. The…
Governmental Affairs Tracking Many Items in August
Traditionally, August is a quiet month for legislative work in Augusta and in Washington, DC. While that still may be the case, it also could…
In Senate Hearing, NCUA Nominee Forced to Defend Credentials
Members of the Senate Banking Committee considered Kyle Hauptman’s nomination to the National Credit Union Administration board.
Governor’s Economic Recovery Committee Issues First Report
Governor Janet Mills created the Economic Recovery Committee (ERC) to develop recommendations for reviving Maine’s economy. The ERC submitted a report to the Governor on…
What’s New In Governmental Affairs
The League’s Governmental Affairs team provides an update on state and federal activity of interest to Maine credit unions.
CU Employees Can Wear Face Shields When Working Behind a Barrier
The Mills Administration has confirmed that face shields are a permitted form of facial covering for financial institution employees when deployed with a plexiglass barrier.…
CU System Sees Major Victory as SCOTUS Denies ABA Appeal on FOM Rule
The U.S. Supreme Court denied an appeal from the American Bankers Association to void the NCUA field of membership (FOM) rule, a decision that marks…
Deadline to Submit PPP Loan Applications Is Approaching
The deadline to apply for a Paycheck Protection Program loan is approaching. Money is still available, but loan applications must be submitted by June 30.
Paycheck Protection Flexibility Act Signed Into Law
Late last week, President Trump signed the Paycheck Protection Flexibility Act, a bill that provides updates to the Paycheck Protection Program. The U.S. Treasury and…
NCUA Board Member Todd Harper to Join League COVID-19 Town Hall Meeting
On June 8, National Credit Union Administration Board Member Todd Harper will join the League’s regularly scheduled COVID-19 town hall meeting.