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Northeast CU, which has five branches in Maine, was named a Forbes Best-In-State Credit Union in New Hampshire. This is the second year in a…
Gen Xers Are Falling Behind Financially
(From Credit Union Times) – Much has been written about the how millennials today are slower to marry and buy homes than young people of the…
Forbes Releases America’s Best Credit Unions List
For the second year in a row, Forbes announced its list of America’s Best-In-State Credit Unions and three credit unions in Maine have been honored…
Mobile App Payments On Rise, But at a Slower Pace
Payments made through mobile apps such Apple Pay are rising, but at a slower rate than in past years, according to a new report by…
Case Study: The Reverse Tier Savings Account That Gives More To Those With Less
As credit unions face liquidity constraints stemming from robust loan growth without the deposit growth to match, some institutions are re-thinking legacy products to catch…
How Sen. Warren’s Student Debt Cancellation Plan Would Affect First-Time Homebuyers
A new analysis examines Massachusetts Senator Elizabeth Warren’s proposal to eliminate up to $50,000 of student loan debt and the impact it could have on first-time…
Culture Drives Strategic Execution
In this article, the Credit Union Times examines the importance of organizational culture and highlights how a leader’s communication, actions, and examples serve employees emotionally…
Total CU Capital Increases 1.4% in March, Says CUNA MCUEs
Credit union loan balances increased by 0.3% in March, an acceleration relative to the 0.1% February increase, but the slowest March increase since 2013, according…
Millennials Really Don’t Understand Credit Unions
(From Credit Union Journal) – Ask a millennial, “What is a credit union?” and you’ll get some surprising answers, including “a small bank but with…
The One C-Suite Position Every CU Should Have
Ask the leadership team of any credit union to name their most valuable asset and you’ll always get the same answer: our members. This makes …
For Millennials, Mobile App Outweighs Personal Service According to New Survey
A new survey finds millennials are relatively unattached to their financial institutions as compared to other people, and they’re much more likely to care about…
Fourth Quarter 2018 Performance Results Released for Maine Credit Unions
Callahan & Associates just released its fourth quarter 2018 Performance Comparison Report. The report highlights the strength of Maine’s credit union network.
Beyond IT: How to Create an Organization-wide Cybersecurity Culture
CUNA Mutual Group’s Carlos Molina discusses why credit unions should make cybersecurity part of the company culture.
Credit Unions See Faster Loan Growth in 2018 Than Banks
Even though credit union loan growth is slowing, the movement fared better than banks last year. In the 12 months that ended Dec. 31, 2018,…
Four Ways to Stretch Your Food Dollars
According to the U.S. Department of Agriculture, Americans spend an average of 9.9% of their disposable income on food. If you’re looking to stretch your…
Electronic Payments Growth Picking Up Steam, Study Finds
Consumers turned to electronic payments at a faster pace in 2018, signaling rising trust and confidence in mobile wallets and other methods, according to new…
Maine Credit Unions in Spotlight for Performance
Maine is featured as a “State in the Spotlight” in Callahan & Associates’ latest Credit Union Strategy and Performance newsletter, due to strong loan growth…
CUNA’s Finance Council Shares Monthly Economic Update
CUNA’s Finance Council has released its December economic update. This month’s presentation focuses on the NCUA’s third quarter call report data.
New Federal Law Allows Consumers to Place Free Credit Freezes and Year-Long Fraud Alerts
Consumers who are concerned about identity theft or data breaches can now freeze their credit and place one-year fraud alerts for free. The new law also…
Two Maine Professionals Named as 2018 Credit Union Rock Stars
This month’s edition of Credit Union Magazine released its annual list of Credit Union Rock Stars, this year recognizing 46 exceptional professionals within our industry…