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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…
NCUA Releases Q2 2020 Credit Union System Performance Data
Data on the financial performance of federally insured credit unions for the quarter ending June 30, 2020 is now available from the National Credit Union…
Marketing During the Coronavirus? Avoid the ‘Gloom and Doom’
Financial institutions face a quandary over how to approach marketing in the midst of an economic crisis and a global pandemic. Planning sessions will begin…
As the School Year Nears, Many Must Change the Way They Collect Payments
Schools are figuring out how they will open this fall, with some districts providing online education while others try a hybrid approach of online and…
Multifamily Borrowers in Forbearance Cannot Evict Tenants, FHFA Says
According to the Federal Housing Finance Agency, landlords with government-backed loans in forbearance must inform tenants in writing that they are protected from eviction.
Coronavirus Made Homeowners Realize They Don’t Like Their Houses
After months stuck at home during statewide lockdowns, some consumers have decided it’s time to renovate. Consumers could be considering doing home renovations to take…
Survey Suggests ‘Post-Pandemic Consumer May Have Entirely New Set of Banking Expectations’
Financial institutions landed right in the “middle of the pack” and credit unions essentially finished in a tie with banks in a comparison of how…
Coronavirus Crisis Plays to the Strengths of Secured Credit Cards
With the COVID-19 health pandemic wreaking havoc on jobs, investments, consumer debt and lending, secured credit cards can address a vital need for people who may…
NCUA’s Hood: We Must Make a Sustained Commitment to Financial Inclusion
On July 8, NCUA Chairman Rodney E. Hood delivered the keynote address during the Institute of International Bankers’ Virtual Summit on Diversity, Equality, and Inclusion. In…
NCUA Releases Q1 2020 Credit Union System Performance Data
Data on the financial performance of federally insured credit unions for the quarter ending March 31, 2020, is now available from the National Credit Union…
Forbes Announces 2020 Best Credit Unions In Each State
For the third year in a row, Forbes partnered with market research firm Statista to produce its list of the “Best Credit Unions In Each…
How Trump’s Latest Nominee Could Reshape the NCUA Board
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…