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.
Q3 2019 Performance Report for Maine CUs
Callahan & Associates released its third quarter 2019 Performance Comparison Report for Maine credit unions. According to the analysis, Maine credit unions had strong gains…
Eight Takeaways from NCUA’s Q3 State-Level Data
CU Journal analyzes NCUA’s recently released Quarterly State Map Review. In the report, Maine CUs perform well with ROA and growth in shares and deposits.
Mortgage Risk Study Seeks Input From Lenders
The Wharton Risk Management and Decision Processes Center at the University of Pennsylvania is undertaking a study to better understand the impact of natural disaster risks…
Can CUs Keep Up with the Changing Social Media Landscape?
Big Tech’s entry into the financial services space and changes in consumer behavior patterns could push credit unions away from some of the world’s largest…
ATM Attacks on the Rise as Fraudsters Head Back to the Branch
With so many data breaches targeting merchants, banks and credit unions should not assume they are in the clear. Visa reported that it has notified…