(From Mainebiz) – It was five years before the medical marijuana cultivation and dispensary company Canuvo could find a traditional financial institution that would allow…
Credit Union News and Events
Last month brought fall foliage, cold temperatures, and many opportunities for Maine credit unions to put the People Helping People philosophy into action. Between International…
Amplify Your Credit Union’s Commitment to Community on CU Social Good
Did you know there is a FREE online platform dedicated to promoting what credit unions are doing across the country to serve their communities? CU…
Nominate a Credit Union Hero
Credit Union Magazine’s Credit Union Hero Award honors credit union leaders who exemplify the People Helping People philosophy. Do you know a credit union system…
Ending Hunger Shopping Bags Are Back In Stock
Is your credit union looking for a holiday fundraiser to support the Campaign for Ending Hunger? Consider selling Ending Hunger reusable shopping bags. These bags…
House Committee Approves Bill to Require Semi-Annual NCUA Testimony
(From Credit Union Times) – The House Financial Services Committee on 10/31 approved legislation that would require the NCUA chairman and heads of other banking…
Compliance Alert: Fidelity Bond Coverage Updates
The Federal Credit Union Act requires that certain credit union employees and elected officials have fidelity bond coverage. New rules concerning this coverage went into…
ABA to Seek a Review of Appeals Court’s FOM Decision
(From Credit Union Journal) – The American Bankers Association is refusing to call it quits in its long-running challenge to the National Credit Union Administration’s field-of-membership…
Join Us in Celebrating International Credit Union Day
International Credit Union Day is almost here. Next week, credit unions across Maine will be celebrating the credit union difference with their members and staff.…
Have You Registered for the 2019 Legislative Forum?
On November 13, credit unions from across Maine will gather at the Harraseeket Inn in Freeport to hear from national and state political experts and…
Maine Harvest Is Officially Open for Business
On October 8, Maine Harvest FCU accepted its first deposit, becoming Maine’s 55th credit union and the first focused on food entrepreneurs and farmers. The…
Credit Union News & Events
Maine credit unions jumped into fall with fundraisers, donations, and plenty of back-to-school activities, while also planning ahead for what is shaping up to be…
Helping Credit Unions Comply With the New Probate Code
Earlier this year, the legislature enacted updates to Maine’s Probate Code. Effective September 1, the changes in the law are now in effect and will…
CU News & Events
Maine’s credit unions enjoyed the last full month of summer by staying busy in their local communities. Here is a snapshot of what our credit…
ABA Revealed as Owner of Secretive Anti-Credit Union Website
(From Credit Union Times) – A website devoted to highly charged allegations against the credit union industry was operated by the American Bankers Association, although…
Advertise Your Next Job Opening on Maine JobLink
People who work in the credit union movement already know credit unions are great places to work. But what about people outside of our network?…
Robust Agenda Planned for the 2019 Management Roundtable
With summer almost behind us, plans are well underway for this year’s Management Roundtable. The annual event, taking place October 1 and 2 at the…
Five Big Questions Facing Credit Unions This Fall
(From Credit Union Journal) – With a legal battle, changes to the National Credit Union Administration board and new growth strategies, it’s been a busy…
CULAC Is an Important Tool in CU Advocacy
People often ask why credit unions are involved in legislative advocacy. The answer is simple. If credit unions aren’t at the table, we’re on the…
Credit Unions Are Staring Down a Liquidity Crunch
(From Credit Union Journal) – Credit unions are facing a liquidity challenge, and there are no easy answers. The loan-to-savings ratio is currently 86%, its highest…
CU News & Events
Credit unions from around the state are making the most of their summer. Between member appreciation days, fitness challenges, work anniversaries, and philanthropic outreach efforts,…
Maine Credit Unions Unveil New Logo
Big changes are coming to the Maine Credit Unions brand. The website already reflects these changes, featuring a fresh new logo. Additional updates will be…
Senator Susan Collins Visits the League
The Maine Credit Union League welcomed U.S. Senator Susan Collins (R-ME) to its Westbrook headquarters on August 6 for a briefing on data security. The…
Take a Chance to See the New England Patriots and Support Ending Hunger
Football season is finally here! The first pre-season game takes place this week and your New England Patriots are gearing up to defend their Super…
CU News & Events
Summer always seems to go by too quickly, but credit unions around the state are taking full advantage of each and every day. With ATV…