Maine Credit Union League Weekly Update

Volume 29  •  Issue 46  •  November 13, 2020  •  
Ending Hunger: Help Fund 75,000 Meals

The League has set a goal of funding up to 75,000 meals for food-insecure Mainers between now and December 31. To accomplish this, Maine Credit Unions’ Campaign for Ending Hunger will need to raise $25,000 over the next seven weeks. This will require a statewide effort, and we need your help!

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Statewide Awareness: Real Member Stories Campaign Launches

Our best recommendations come from people we know and trust. With this philosophy in mind, the Maine Credit Union Statewide Awareness campaign will begin to focus on real Maine credit union members telling their own stories.

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Diamonds Are a Marketer’s Best Friend

Entries are open for the most prestigious annual credit union industry marketing competition: the CUNA Diamond Awards.  You can help secure your Diamond Award by entering the competition today. Don’t miss your chance to gain the benefit of an early bird rate!

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New Mask Signage Available for Download on League Site

To help credit unions communicate their compliance with Governor Mills’ latest Executive Order requiring face masks be worn in all public settings, the League has created signage that credit unions can download and post at their branches.

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NorState FCU Supports Local Turkey Drive

As part of NorState FCU’s efforts to end hunger, the credit union recently spent the day helping the United Way of Aroostook and Townsquare Media’s 2020 High Five Turkey Drive. NorState FCU also donated $500 to support the initiative.

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Low Mortgage Rates and High Home Prices Shatter Records, But Will It Last?

As home prices shoot up across the country, wages stagnate, and millions face unemployment, homeowners and buyers alike want to know if the currently on-fire real estate market, nicknamed “boom in the gloom,” is in for a cooldown.

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Credit Unions Gain Share in Cards, Lose It in Autos

Credit unions gained share in a shrinking credit card market in September, while losing share in a slow-moving market for car loans, according to a recently released Fed report.

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What CUs Can Expect Under President-Elect Biden

In this CUInsight article, Dan Berger, President and CEO of the National Association of Federally-Insured Credit Unions, offers his thoughts on what credit union policy priorities will look like when President-Elect Biden takes office.

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NCUA Hosting Webinar on Fair Lending and Consumer Compliance Updates

Credit unions can get valuable information on a range of fair lending and consumer compliance topics during an upcoming webinar hosted by the National Credit Union Administration on Tuesday, November 17 at 3 pm Eastern.

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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 16, 2020
You’re the New Board Secretary, Now What?
Register Now.
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November 17, 2020
How to Prepare for the Coming Delinquency Wave
Register Now.
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November 17, 2020
10 Lessons Learned When a Borrower Dies
Register Now.
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November 18, 2020
Risk Officer Series: Risk Management Officer: Expectations & Responsibilities
Register Now.
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November 19, 2020
New 2021 Nacha Rules: Impact, Analysis, & Deadlines
Register Now.
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December 1, 2020
Maximizing the Virtual Collections Process
Register Now.
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SAVE THE DATE: December 2, 2020
Maine Credit Union Marketing Council Lunch & Learn Workshop
Details coming soon!
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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