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Working in the credit union movement is incredibly rewarding. Our hardworking employees don’t contribute their time, energy, and talent for the recognition. They do it…
#ILoveMyCreditUnion Campaign Saw 30K Engagements, Reached 9M People, Says ICUS
The recent #ILoveMyCreditUnion social media campaign saw approximately 30,000 engagements that reached nine million people around the world, according to the Illinois Credit Union System…
CUNA and NAFCU Notify Members of Intent to Merge
CUNA President/CEO Jim Nussle and National Association of Federally-Insured Credit Unions President/CEO Dan Berger notified members of both organizations that the associations have signed a…
Maine Had the Nation’s Largest Drop in Foreclosures
In this article, the Bangor Daily News examines foreclosure application filings for the first six months of this year. According to a recent report, Mainers…
June Auto Lending Report Features Recategorized Loan Data
The June edition of CUNA’s Auto Lending Monthly Report contains updated data from Equifax, which revised the historical data going back to 2005. The revision affected the…
Forbes Shares Its List of Best Credit Unions in Each State
The list is out! Annually, Forbes ranks the best credit unions and banks in each state. This year, 157 awards were given to 147 unique credit unions…
Maine Home Foreclosures Plummet While Sales Drop, Prices Inch Up
The Press Herald examines Maine’s housing market and how the state’s foreclosure filings are among the lowest in the country. Commentary from League President/CEO Todd…
Checks and Balances: Maine Banks, Believers in Safety First, May Face Bumpy Ride if Turmoil Escalates
Mainebiz covers the fallout from the Silicon Valley Bank and Signature Bank closures. League President/CEO Todd Mason provides commentary for the article—noting the difference between credit…
Town & Country FCU Adds Two to its Leadership Team
Town & Country Federal Credit Union is pleased to announce the addition of two members to its executive team with the hiring of Paul Musgrove…
Three Chances to Learn About Callahan & Associates’ New Peer Suite
Callahan & Associates recently launched a new analytics tool known as Peer Suite. To better familiarize your credit union with Peer Suite, Callahan’s is offering three…
NCUA Amends Its Rules to Expand Access to Subordinated Debt
The National Credit Union Administration is expanding term limits and simplifying language to enable low-income designated institutions to maintain access to subordinated debt. At the…
Credit Union Resources Will Help Address Bank Closures
The news about Silicon Valley Bank and Signature Bank has likely caused some distress for your members. To help credit unions reassure their members that…
Exciting Changes Coming Next Week to Valuable Credit Union Analytics Tool
As part of your League membership, Maine credit unions have access to CUAnalyzer, Callahan & Associates powerful analytics and benchmarking tool that helps you examine…
National Credit Union Foundation Releases 2022 Impact Report
The National Credit Union Foundation helped credit unions navigate the modern-day challenges of growing membership, managing risk, retaining talent, and developing a mission-driven culture in…
Town & Country FCU Launches Translation Service for Non-English Speaking Customers
Mainebiz profiles Town & County FCU’s new partnership with House of Languages to offer translation services via on-demand phone and video, as well as in-person appointments.
FinCEN Warns About ‘Surge’ in Check Fraud Schemes Targeting U.S. Mail
The Financial Crimes Enforcement Network (FinCEN) has issued an alert to financial institutions on what it said is a nationwide surge in check fraud schemes…
Credit Union Trades Blast Biden Description of ‘Junk Fees’
This CUCollaborate article highlights how credit union trade group officials are responding to President Biden’s characterization of “junk fees” during his State of the Union…
Auto Lending Report Shows Significant Credit Union Member Savings
Credit unions continue to fulfill their mission through extremely favorable auto lending interest rates, according to CUNA’s inaugural Credit Union Auto Lending Monthly Report.
Fed, White House Work To Mitigate Crypto Risks in Financial System
The Federal Reserve and White House offered insights into how they are working to mitigate cryptocurrency risks in the financial system with several releases this…
2023 Forecast: As Rates Surge, Credit Unions See Niche in ‘Affordable Financing Options’
League President/CEO Todd Mason shares his 2023 outlook for credit unions in this article featured in Mainebiz.
Your Input Is Requested: CUNA Interchange Survey
CUNA is working with Leagues like ours to ensure interchange regulation is not extended to credit card programs. To assist with our collaborative advocacy efforts,…
Eastmill FCU Hires New CEO
Eastmill FCU has named Derek Hebert as its new President and CEO. His background includes 24 years in relationship and branch management roles at other…
How Much Risk Is the NCUA Willing to Take?
The NCUA’s board members approved the agency’s new Enterprise Risk Appetite Statement, a formal document outlining how the agency can align risks and opportunities when…
Fighting Food Insecurity One Financial Lesson at a Time
Callahan & Associates highlights the League’s pilot program with Good Shepherd Food Bank to provide financial education materials to food pantries in Androscoggin and Aroostook…
Credit Union Loans Increased 1.9% in August
Credit union loans outstanding increased 1.9% in August, compared to a similar 1.9% increase in July of 2022 and a 1.0% increase in August of…