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The CFPB has issued its final rule to reduce the safe harbor threshold credit card issuers can charge for late payments to $8. While the…
Breaking Down the New BOI Access Rule
America’s Credit Unions has shared their latest Compliance Blog, breaking down the new BOI access reporting rule, which went into effect January 1. The post…
Weekly Update: Your One-Stop Shop for Timely Credit Union News
If you received this week’s newsletter, you already know it covers a wide array of timely credit union topics. With important governmental affairs and compliance…
2024 Forecast: Liquidity ‘Top of Mind’ at Maine Credit Unions
Cris Wescott, League Interim President/CEO, offers her 2024 insights to Mainebiz in this article published on January 9.
In Case You Missed It: Fund Created for Maine Businesses Affected by Pre-Holiday Wind and Rainstorm
As outlined in this Press Herald article, grants of up to $10,000 are available to replace equipment or lost supplies through a fund created by…
Your Input Is Needed on Interchange Survey
The new America’s Credit Unions (formerly CUNA) is conducting a survey to solicit input on the the potential effects of the Federal Reserve Board’s proposed…
Commentary: Swipe Fees Not a Villain to Small Business
Robert Caverly, League Vice President of Advocacy & Outreach, provided commentary to the Press Herald rebutting an editorial about the so-called benefits of the Credit Card Competition…
Credit Union Employee Compensation Research Distributed to CEOs
Prior to the Thanksgiving holiday, the League shared the results of a recent survey conducted by Portland Research Group (PRG) with Maine credit union CEOs.…
Keeping Fraud In Check: Maine Banks Combat Rising Wave of Check Fraud
This Mainebiz article by Renee Cordes examines the rise in check fraud and highlights what Maine financial institutions are doing to prevent losses.
Thankful For Our Credit Unions
Our League is so thankful to be a part of your credit union’s journey and continued success. We wish you a happy Thanksgiving holiday. The…
Feds to Make Loans Available to Businesses that Closed During Massive Manhunt
This Maine Public article highlights new federal assistance now available to qualifying Maine businesses that closed during last month’s manhunt for the Lewiston mass shooter.
Credit Unions Are Recognized for Being Outstanding Workplaces
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…