Maine Credit Union League News & Views

Volume 4 - Number 8 - August 7, 2019 | Print
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 meeting provided Senator Collins an overview of the security measures and technology Maine’s ...Read the full article »

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 table. If we aren’t actively engaged on the policy front, the future of our movement could ...Read the full article »

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 made in the coming weeks that enhance the look and feel of the platform.

The new logo ...Read the full article »

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 Bowl title.  What could be better than a repeat?  A repeat and the chance to see them play live ...Read the full article »

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, CUs have been keeping busy at a time when many people in the state ...Read the full article »

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 level in 40 years, Bill Hampel, an economic consultant, said last week ...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.

The following individuals were awarded a certificate and/or designation for completing a program in July. Congratulations!

Credit Union Business Lending Professional
Tim Drapeau, Infinity FCU

Deposit Account Regulations
Paula Powers, Downeast CU
Jessica Raymond, Downeast CU

General Operations Regulations
Sierra Emery, Downeast CU

NCUA Requirements and Guidance
Sierra Emery, Downeast CU

Event Calendar – August 2019
7 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Official Demands Part 1: Handling Subpoenas, Summonses & Other Legal Process
8 Member Services Live Online Webinar (in partnership with CU Webinar Network) – New Security Officer Training: Responsibilities, Best Practices & Skill-Building Tools
13 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Advanced Financial Literacy Update for New & Experienced Directors: ALM Primer & Financial Accounting & Risk Issues
14 Member Services Live Online Webinar (in partnership with CU Webinar Network) – FFIEC Cyber Security Risk Assessments: Policy, Recent Findings & Recommendations
15 Member Services Live Online Webinar (in partnership with CU Webinar Network) – E-Compliance Rules, Policies & Best Practices for Email, Web, Mobile & Social Media
20 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Regulation E Series: How to Handle Unauthorized Electronic Fund Transfers Under Reg E
21 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Call Report Series: The Financial Statement Audit Process
21-22 2nd Annual Synergent Connect User Conference
22 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Developing the Right Strategic Plan for Your Credit Union
27 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Opening Donation, Memorial & Other Accounts for Nonprofit Organizations & Corporations
28 Member Services Live Online Webinar (in partnership with CU Webinar Network) – IRA Series: Top 10 Most Misunderstood IRA Issues: Turning Confusion into Confidence
29 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Effective Management of Credit Report Disputes: Completing ACDVs, AUDs & Correcting Joint Credit
29 Maine CU Marketing Council Summer Workshop

 

Words of Wisdom

“When I say it’s you I like, I’m talking about that part of you that knows that life is far more than anything you can ever see or hear or touch. That deep part of you that allows you to stand for those things without which humankind cannot survive. Love that conquers hate, peace that rises triumphant over war, and justice that proves more powerful than greed.” – Fred Rogers.