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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…
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…