Credit Union Journal examines Kyle Hauptman, President Trump’s nominee for the National Credit Union Administration Board. The article includes commentary from League President/CEO Todd Mason.
FBI Issues New Alert Warning Public About Mobile Banking Fraud
The FBI has issued an alert to warn the public about a potential uptick in mobile banking fraud. The FBI expects cyber actors to exploit…
National CU Foundation Launches 2020 Grant Cycle
The National Credit Union Foundation has launched its 2020 grant cycle. This year’s focus is on financial health and wellbeing. The deadline for credit unions…
Mortgages Boom as Other Lending Slows, But For How Long?
A recent Credit Union Journal article explores mortgage loan growth and features commentary from UCU and Atlantic FCU.
New Resources Available for CUs in Prep for Lobby Reopenings
The League has developed a number of resources to assist the state’s credit unions as they slowly begin to reopen their lobbies. The COVID-19 Resource…
Raising Awareness About Taxable COVID-19 Unemployment Benefits
According to a recent article in the Portland Press Herald, more than 138,000 people have filed for unemployment benefits since March. Filers don’t get to…
How Maine’s Credit Union Chief Sees the Sector Evolving Post-COVID-19
League President/CEO Todd Mason participated in a Q&A session with Mainebiz to share his thoughts about the state’s credit union sector post-COVID-19.
FINRA Warns of Email Phishing Scam
The Financial Industry Regulatory Authority warned financial experts about phishing emails that purport to be from the self-regulator.
Waterville CU Gets ‘Creative’ to Serve Members During Pandemic
In this Morning Sentinel article, New Dimensions FCU demonstrates how it is continuing to serve its members during the coronavirus pandemic.
CARES Act Allows for Payroll Tax Deferral
Credit unions are eligible under a provision in the CARES Act to defer paying their payroll taxes. Under the provision, half of the taxes would…
7 Tips for Building a Positive Culture in a ‘Socially Distanced’ World
Social distancing is creating more than just operational considerations for workplaces that have transitioned to most or all of their staff working remotely. Here are…
Grants, Loans Available to Low-Income CUs for COVID-19 Response
Federally insured, low-income-designated credit unions can request grants and loans from the NCUA to assist members, businesses, and communities experiencing economic hardships due to the…
CFPB Provides Tips for Financial Caregivers During COVID-19
The Consumer Financial Protection Bureau has offered financial caregivers some helpful tips to help them navigate the challenges of COVID-19.
Maine Credit Unions Are a Safe Place for Your Money
The Maine Credit Union League is reminding members that Maine credit unions are a safe place for your money. All Maine credit unions use the…
Coronavirus-Related Ransomware Sites Created, Targeting Android Users
Researchers have discovered a spike in new domains using the coronavirus or COVID-19 as part of the domain name. Their findings revealed that many of…
NCUA Releases Q4 2019 Credit Union System Performance Data
Data on the financial performance of federally insured credit unions for the quarter ending Dec. 31, 2019, is now available from the National Credit Union Administration.
Fight For Deposits Eases Up But Just Barely
The pressure for credit unions to shore up funding has eased – but just barely and probably only temporarily, according to a Credit Union Journal…
CUs Outpace Banks in 2019 Loan Growth
Credit unions again increased their loan portfolios at a higher rate than banks in 2019, but banks raced ahead in automobile lending.
Seven Share-Worthy Facts About Credit Unions
We know credit unions are the best option for consumers, but is your credit union effectively communicating the credit union difference? To help, we are…
Callahan Projects Healthy 4Q Gains for Credit Unions
Credit unions increased their loan originations and net income in the three months ending Dec. 31, 2019, capping off a decade that analysts at Callahan…
Credit Unions Still Aren’t Prepared for an Active-Shooter Incident
According to an article in this week’s Credit Union Journal, many credit unions aren’t moving quickly enough to prepare for the risk of an active-shooter.
Can CUs Help Narrow the Skilled Trades Gap?
Credit unions across the country put millions of dollars toward helping graduating students pursue secondary education after high school. A small number of credit unions…
Six Creative Gen Z Marketing Strategies for Financial Institutions
Gen Zers are beginning to surpass Millennials as the most-studied generation. The Financial Brand explores how these insights are assisting credit unions in shaping their…
CUNA Mutual Group Issues Winter Report
The Winter CUNA Mutual Group Report is now available. This update can serve as a helpful resource at credit union chapter and business meetings and features…
Honda Opens Breach Lane; Facebook Reveals More Names
Honda and Facebook identified new security breaches prior to the holidays. Exposures like these can impact your credit union and members.