Maine Credit Union League Weekly Update

Volume 28  •  Issue 45  •  November 8, 2019  •  
Financial Education From the Comforts of Home

Maine credit unions are committed to educating people of all ages and backgrounds about financial literacy. But what happens when holding a traditional Financial Fitness Fair isn’t possible? Fortunately, credit unions can provide members access to financial education from the comforts of their home through a unique online experience.

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ATM Attacks on the Rise as Fraudsters Head Back to the Branch

With so many data breaches targeting merchants, banks and credit unions should not assume they are in the clear. Visa reported that it has notified 97 different institutions in recent years of an active ATM cash out fraud event or anomalous activity that led it to believe an attack was imminent.

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NCUA to Host Consumer Financial Protection Webinar

On November 19 at 2 pm, NCUA will host a 90 minute webinar to discuss a range of consumer protection topics. Registration for the webinar, Fair Lending and Consumer Compliance Regulatory Update, is now open.

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League Weighs in With Federal Reserve

Earlier this week, League President/CEO Todd Mason submitted a comment letter to the Board of Governors of the Federal Reserve in support of its plan to introduce FedNow, a real-time payment and settlement service.

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Maine Completes Regs for Legal Pot Industry

The state completed its rulemaking process for the recreational-use marijuana industry. The regulations govern licensing, compliance, enforcement, and oversight of the legal marijuana trade and become effective December 5.

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Atlantic FCU Expands Into Androscoggin County

Earlier this week, Atlantic FCU announced it received approval from the NCUA to begin serving residents in Androscoggin County.

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CUNA Diamond Awards Early Bird Entry Deadline Is Fast Approaching

One of the most prestigious annual credit union industry competitions, the CUNA Diamond Awards, is accepting submissions, and if you act fast, you can take advantage of early bird pricing.

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Compass Community CU of California Signs New Agreement with Synergent

Synergent, your League’s service subsidiary, is pleased to announce it has expanded its footprint once again. Compass Community CU, headquartered in Eureka, CA, has signed a new seven-year outsourcing agreement with Synergent to provide Symitar Episys core processing.

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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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November 12
Regulation E Series: Provisional Credit Under Reg E: Rules, Best Practices & FAQs
Register Now.

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November 13
2019 Legislative Forum
Register Now.

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November 13
Certified Teller, Part 3 & Graduation
Register Now.

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November 13
Closing or Changing Accounts for Consumers & Businesses
Register Now.

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November 14
Mortgage Lending Hot Spots Series: Critical Timing Requirements in the Mortgage Lending Lifecycle
Register Now.

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November 14
SU – Learning the Science Behind Relationships: Emotional Intelligence in the Workplace
Register Now.

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November 18
New Overtime Rule Changes Effective January 1, 2020
Register Now.

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November 19 & 20
Certified Teller Two, Day One & Two
Register Now.

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November 19
Collections Conference
Register Now.

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November 19
When a Borrower Dies: Rules, Procedures & Liabilities
Register Now.

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November 20
Robbery Preparedness: Meeting Your Annual Compliance Requirement
Register Now.

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November 21
BSA Special Risks: Policy, Law Enforcement & Regulator Issues
Register Now.

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November 21
Supervisor University – Managing Employees 102
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