Maine Credit Union League News & Views

Volume 4 - Number 12 - December 4, 2019 | Print
Remote Deposit Capture Lawsuit Industry Update

Because the League and Synergent are always looking out for your credit union’s best interests, we want to provide an update about an important development impacting the financial services industry. Two weeks ago, a U.S. District Court jury awarded ...Read the full article »

Tapping an All-Cash Business: Banks Look for Legal Ways Into Cannabis Lending

(From Mainebiz) – It was five years before the medical marijuana cultivation and dispensary company Canuvo could find a traditional financial institution that would allow it to maintain a deposit account.

“For the first five years, we ...Read the full article »

Maine Credit Unions Partner with Local Radio Stations to Lend a Thanksgiving Hand

The team from Hot 104.7 pose for a photo at the turkey giveaway on November 25.

Thanksgiving is a holiday that is usually celebrated by eating a large meal. For Mainers who are food insecure, ...Read the full article »

Supreme Court to Hear CFPB Constitutionality Case in March

(From Credit Union Journal) – The Supreme Court on November 26 said it will hear arguments March 3 in a case challenging the constitutionality of the Consumer Financial Protection Bureau’s leadership structure.

The high court listed ...Read the full article »

Credit Union News & Events

Maine credit unions expressed their thankfulness for their members and communities throughout the month of November. Here is a look at what our credit union network was up to last month:

Construction continues at Acadia FCU’s new Broadway branch ...Read the full article »

Honor Roll »

From certificates to designations, check out the latest list of individuals from Maine credit unions recognized for their accomplishments.

Bank Secrecy Act Compliance Specialist
Rose Murphy, Tricorp FCU

Event Calendar – December 2019
3 Member Services Live Online Webinar (in partnership with CU Webinar Network) – ACH Error Resolution: Returns, Authorizations, WSUDs, Stop Payments & More
3 Supervisor University: Learning the Science Behind Relationships: Emotional Intelligence in the Workplace
4 Certified Teller, Part 3 & Graduation
4 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Safe Deposit Issues: Delinquency, Death & Abandonment
5 Member Services Live Online Webinar (in partnership with CU Webinar Network) – IRS Reporting Requirements: 1098s, 1099s, TINs & Backup Withholding
9 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Consumer Privacy: New Online & Mobile App Issues, GDPR, Reg P & Compliance
9 League Conference: Women’s Leadership Conference
10 Special Event: Reading and Interpreting Credit Reports
11 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Business Accounts: Who is Authorized to Open, Close, Transact?
11 Supervisor University: Managing Employees 101
11 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Talent Management in Credit Unions
12 Member Services Live Online Webinar (in partnership with CU Webinar Network) – The Changing Face of BSA Administration: What BSA Officers & Management Must Know
16 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Marijuana HR Policy & Best Practices: Handling Employee Medical & Recreational Use
17 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Updated Flood Insurance Exam Procedures, Including Recent Private Flood Insurance Rules
18 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Securing Collateral: How to Complete & File UCC-1 Financing Statements

 

Words of Wisdom

“May your walls know joy, may every room hold laughter, and every window open to great possibility.”—Mary Anne Radmacher