The CUNA Small Credit Union Committee has finalized a new white paper, The State of Small Credit Unions Today. The paper outlines the current challenges…
How to Lead by Leaning on Your Team
Renee Ouellette, University Credit Union’s President and CEO, highlights why leveraging your employees’ talents and insights can help your business succeed in this Mainebiz guest…
Mainers Don’t Need 160% APR Loans
In an op-ed published in the Sun Journal on May 12, Community CU President and CEO Jennifer Hogan highlighted why Senators Collins and King and…
Biggest Impediment to Mortgage Growth? Shortage of New Homes
Mortgage lenders will need to pivot to new areas of growth as rising rates put an end to the refinancing boom, but the interest rate environment…
Tell Us Something Good
Some of the best stories we feature in Weekly Update are your stories! From combatting hunger, to supporting local nonprofits, to promoting financial literacy and…
CFPB Proposes to Stop Foreclosures Through the End of 2021
Saying that the pandemic has caused a “shocking increase in housing uncertainty,” the Consumer Financial Protection Bureau has issued a proposal to stop mortgage servicers…
NJ CU Hit With Overdraft Lawsuit
CU Today reports on a new lawsuit facing a New Jersey credit union over alleged unfair overdraft practices. Overdraft class-action lawsuits have been growing in…
Credit Union Margins Remain Under Pressure
CUNA’s latest economic forecasts expects the economy to improve much faster than it anticipated last year, but it remains pessimistic about credit union margins.
Maine’s Jobless Rate Holds Steady at 5% in December
Maine’s unemployment rate in December stayed roughly unchanged from the previous month at about 4.9 percent, according to a report issued Tuesday by the Maine…
Maine Credit Unions Launch New Ad
As part of Maine Credit Unions’ Statewide Awareness Campaign, a new ad launched this week featuring Will Savage of Acorn Engineering. In the ad, Savage…
New Year, Little Change in CU Auto Lending Outlook
The Credit Union Journal examines credit union auto lending. Infinity FCU’s Chief Financial Officer Robert Leger is a featured contributor in this article.
2021 Forecast for Maine’s Banks and Credit Unions: A Year of Further Growth, Competition
Mainebiz connects with Todd Mason and Town & Country FCU President and CEO David Libby about their predictions and priorities for 2021. The article also…
Weekly Update Gets Fresh New Look for 2021
You may notice Weekly Update looks a little different this week. That’s because we have given it a fresh new look for the new year.…
Holiday Fraud—Expect the Unexpected in 2020
2020 is the year of the unexpected and this holiday shopping season will be no different. The pandemic has changed our world in so many…
Low Mortgage Rates and High Home Prices Shatter Records, But Will It Last?
As home prices shoot up across the country, wages stagnate, and millions face unemployment, homeowners and buyers alike want to know if the currently on-fire…
What CUs Can Expect Under President-Elect Biden
In this CUInsight article, Dan Berger, President and CEO of the National Association of Federally-Insured Credit Unions, offers his thoughts on what credit union policy…
Credit Unions Gain Share in Cards, Lose It in Autos
Credit unions gained share in a shrinking credit card market in September, while losing share in a slow-moving market for car loans, according to a…
Stepping Up to Support Credit Unions Fighting the COVID Crisis
Credit Union Times highlights how credit union leagues—including the Maine Credit Union League—have been helping credit unions manage through the challenges created by the coronavirus health…
Infinity FCU of Maine and Deere Employees CU of Illinois Announce Their Intent to Merge
Infinity FCU and Deere Employees CU have announced their intent to merge, subject to member and regulatory approval.
Remote Deposit Capture Litigation Industry Update
The League and Synergent closely monitor legal activity around remote deposit capture (RDC) technology. Recent activity on this front is not cause for alarm, but…
Two Maine CU Professionals Named to 2020 CU Rock Stars List
The League is proud to announce that Midcoast FCU’s Joe Gervais and Infinity FCU’s Rachna Bhatia have been named as 2020 Credit Union Rock Stars…
Financial Services Sector Sees Bot Attack Surge
According to a new cybercrime report, during the first six months of 2020, financial services organizations saw a year-over-year uptick in automated bot attacks, and…
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…
SEC Warns of Rise in Credential Stuffing Cyberattacks
The Securities and Exchange Commission’s exam division is warning about an increase in cyberattacks against advisors and financial institutions. These attacks involve “credential stuffing” to…
Maine Credit Union League & Synergent Make 2020 Best Places to Work in Maine List
The Maine Credit Union League and Synergent were recently named as one of the 2020 Best Places to Work in Maine. The awards program was…