Maine Credit Union League Weekly Update

Volume 29  •  Issue 13  •  March 27, 2020  •  
A Message to CUs from League President/CEO Todd Mason

League President/CEO Todd Mason reflects on the current environment in a new update for Maine credit unions.

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Atlantic FCU Donates $50,000 to Good Shepherd Food Bank

Atlantic Federal Credit Union has donated $50,000 to Good Shepherd Food Bank to support its effort to secure more food for those in need during COVID-19.

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L.L. Bean Boxing Food, Not Flannel, to Help During Pandemic

L.L. Bean is lending space and employees to help Good Shepherd Food Bank.

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Governor Mills Issues New Restrictions on Non-Essential Businesses

On Tuesday, Governor Mills issued an Executive Order outlining new restrictions on non-essential businesses in  Maine. Credit unions were explicitly named as an essential business and are allowed to remain open.

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Money-Smart Social Distancing Projects

In his latest blog, Jake Holmes, the League’s Financial Literacy Outreach Coordinator, outlines how consumers can make the most of their time at home by focusing on some personal finance projects.

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CFPB Provides Tips for Financial Caregivers During COVID-19

The Consumer Financial Protection Bureau has offered financial caregivers some helpful tips to help them navigate the challenges of COVID-19.

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Award Application Deadline Extended for League Awards

The League has extended the application deadline for the Dora Maxwell, Louise Herring, and Desjardins Awards. Credit unions now have an additional two months to complete the entry process.

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CUNA Mutual Group Providing Temporary Increase in On Premises Limits

CUNA Mutual Group announced it has temporarily increased On Premises limits for its Bond Policyholders by $500,000, effective March 19, 2020, until May 18, 2020.

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Job Opportunities

To post or remove a position, please email Jen Burke at jburke@mainecul.org. Lending

Management Member Services

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March 30, 2020
New Technology: Cash Recyclers, Pod Banking & Interactive ATMs
Register Now.

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April 2, 2020
Commercial Lending Series: Commercial Loan Workouts, Restructuring & Loss Mitigation
Register Now.

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April 6, 2020
Financial Risk During Widespread Disruption: What the Board & Management Should Monitor
Register Now.

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April 7, 2020
Mastercard Dispute Resolution for Chargebacks
Register Now.

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April 8, 2020
Deposit Account Series: 10 Overdraft Hotspots, Including Regulations, Lawsuits & Guidance
Register Now.

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April 9, 2020
Board Secretary Training: Documenting Board Training, Minutes, Corrections & More
Register Now.

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Register for any training or event online by using the Event Calendar link found under the Education Tab at www.mainecul.org

Editor:
Jen Burke
Public Affairs and
Communications Manager
jburke@mainecul.org


Weekly Update is written by the Maine Credit Union League.

Weekly Update - A Publication For The Maine Credit Union League
Maine Credit Union League | P.O. Box 1236 | Portland, Maine 04104 | www.mainecul.org