Maine Credit Union League News & Views

Volume 4 - Number 6 - June 5, 2019 | Print
June is National Elder Abuse Awareness Month

Elder financial abuse is a frightening epidemic in this country.  According to the U.S. Senate’s Aging Committee, senior citizens in our country lose approximately $3 billion due to financial elder abuse each year.  Additionally, 1 in 9 Americans ...Read the full article »

League Announces Social Responsibility Award Winners

Maine’s credit unions dedicate their time, money, and resources to support notable causes in their local communities. Their efforts help improve the lives of their members and the communities where they serve.

To recognize the contributions ...Read the full article »

Webinars Put Focus on Data Security and Fraud

Cybercrimes are rising in this county. The most common type of cybercrime involves identity theft and fraud.  While the rise in these types of crimes is alarming, resources are available to help credit union professionals mitigate threats, share best ...Read the full article »

Marijuana Banking Would Boost CU Deposits by $350 Million Over 10 Years: CBO

(From Credit Union Times) – A House bill that would provide financial institutions with a safe harbor to serve marijuana-related businesses would boost deposits at credit unions by an estimated $350 million over the next ten years if it is enacted, ...Read the full article »

Employing Millennials: Courting the Purpose Over Paycheck Generation to Your Credit Union

(From CU Insight) – They have been called many things, from entitled to humble, hardworking to lazy, overly reliant on their parents while at the same time independent. Tom Brokaw even famously tagged them as “the greatest generation since ...Read the full article »

CU News & Events

May was a busy month for credit unions across Maine. Between the League’s Annual Convention, various philanthropic efforts, and a number of fun and exciting announcements, last month brought much more than May flowers! Here is a look at what credit ...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 May. Congratulations to all.

Credit Union Compliance Expert
Ben Roberts, Otis FCU

CU Enterprise Risk Management Expert
Joseph Moses, Downeast CU
Bette Tomah, Downeast CU

Deposit Account Regulations
Niki Abrahamson, Downeast CU
Carol Hoopingarner, Downeast CU

General Operations Regulations
Catherine Ladd, Downeast CU

 NCUA Requirements and Guidance
Catherine Ladd, Downeast CU

Event Calendar – June 2019
5 Member Services Live Online Webinar (in partnership with CU Webinar Network) – BSA Series: Job-Specific BSA Training for Operations
5 CU Professional – Communication & Professional Image
6 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Handling Dormant Accounts, Unclaimed Property & Escheatment
6 Supervisor University – Managing Employees 102
10 Member Services Live Online Webinar (in partnership with CU Webinar Network) – Financial Literacy Fundamentals for New Directors: Financial Statements, Key Ratios & How to Monitor Your Credit Union
11 Certified Teller One, Day One
12 Certified Teller One, Day Two
12 League Conference – Bankruptcy and Collections Conference
13 Supervisor University – Coaching for Success
18 Certified Teller, Part 3 & Graduation
19 CU Professional – Communication and Professional Image
20 League Conference – Leadership: The Key to Maximizing Your Credit Union’s Success
20 Supervisor University – Managing Employees 102
25 Maine CU Human Resources Council Workshop


Words of Wisdom

“When you have a dream, you’ve got to grab it and never let go.” – Comedian Carol Burnett.