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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…
Cost Emerges as Early Hurdle to Maine Paid-Leave Plans
The Bangor Daily News examines a paid family and medical leave plan study that was released on Monday. The study analyzes what the potential costs might be…
As They Push Against Banks’ Larger Marketing Budgets, Credit Unions Are Trying to Attract Younger Members
This American Banker article highlights the efforts credit unions are making to attract younger members and includes commentary from Ariel Carron, Digital Marketing Specialist at…
FFIEC Announces Availability of 2021 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) announced the availability of data on 2021 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA)…
Economic Update Discusses Q1 Results, Fed’s Next Steps
CUNA Chief Economist Mike Schenk discusses the overall health of the economy, the Federal Reserve’s next steps, and the stock market in the latest Economic Update.
Membership and Lending Thrives For Credit Unions
Credit union membership experienced significant growth in the last calendar year. With over 4.8 million new members, the credit union industry saw a membership 12-month…
‘More Declines Are Imminent’ as Home Sales Fall for Third Month in a Row
The National Association of Realtors finds rising prices and interest rates are curbing demand.
Serving the ‘Crypto Curious’
This week, CUNA News shared an article highlighting that, “credit unions are a source of trust for members interested in cryptocurrency.” This presents an opportunity…
CUNA Releases Paper Examining the Credit Union Difference
CUNA has released a paper on the results of their 2022 National Voter Poll, which confirms that credit union members have greater levels of financial…
Leagues, CUNA Call on CFPB for ‘Open and Transparent’ Rulemaking
The Credit Union Times reports on the letter sent to House and Senate Committees from CUNA and credit union leagues from across the country, including Maine,…
Celebrating Youth Financial Literacy
CUNA News highlights both the League and Community CU’s financial literacy offerings in this article about National Credit Union Youth Month.
The Path to Financial Wellness Is a Personal Journey
David Libby, President and CEO at Town & Country FCU, discusses the importance of getting a handle on your finances in this opinion editorial published…
Todd Mason Addresses Financial Literacy and Ending Hunger
League President/CEO Todd Mason wrote a letter to the editor that was published in Monday’s Press Herald explaining why “it’s never too early” to educate…
CUNA Board Approves Resolution of Support for Ukraine
The CUNA Board of Directors approved a resolution affirming CUNA’s continued support of Ukrainian credit unions during the Russian invasion. Credit unions in Maine and…
Funding Deal: $295 Million for CDFI; Easier Ouster of CU Members
House and Senate appropriators have reached agreement on an FY22 government funding package that would provide a $25 million boost for the Community Development Financial…
Elevating the Transaction
CUNA News profiles Maine’s own Community CU and showcases the credit union’s financial wellness offerings.
CUNA Mutual Group Releases December Trends Report
The December 2021 CU Trends Report is now available. This monthly report, published and distributed by CUNA Mutual Group’s Director and Chief Economist Steven Rick,…
New Filene Report Urges a Rethinking Around Non-Interest Income and Overdraft Programs
CUToday.info examines a new Filene report which analyzes credit union overdraft protection programs. The Filene report urges credit unions to understand which members frequently overdraft,…
Weekly Update Hiatus On December 31
The League will not be distributing Weekly Update next week. We extend our best wishes to you, our credit union family. We hope you have…
Why the Credit Union Tax Exemption Is Vital for the Economy
NAFCU President Dan Berger outlines why the credit union tax exempt status helps put the needs of members first, and allows credit unions to play…
Weekly Update Hiatus Next Week
The League will not be distributing Weekly Update next week. We extend our best wishes to you, our credit union family. We hope you have…
What’s Lifting Credit Union Loans?
CUNA estimates total balances rise despite declining new car and second-lien real estate loans.
NCUA Issues Letter on Subordinated Debt Rule Effective January 1
NCUA issued a Letter to Credit Unions (21-CU-13) reminding all federally insured credit unions the final subordinated debt rule becomes effective Jan. 1, 2022. The final rule amends…
Zoomers on Campus: Where I Choose to Bank
With many Zoomers in college and new to the banking industry, there is much to learn about what credit unions can do to improve their…
Beyond Emergency Relief, the SBA Made Loans Last Year Totaling $205M in Maine
This Mainebiz article highlights the Maine Small Business Administration’s (SBA) loan volume over the past fiscal year. It also recognizes Infinity CU as the leading…