Maine Credit Union League Weekly Update

Volume 29  •  Issue 27  •  July 3, 2020  •  
Ending Hunger $100,000 Challenge Concludes Tomorrow

July 4 marks the end of our 30-day fundraising effort to raise $100,000 for Maine Credit Unions’ Campaign for Ending Hunger. While our Challenge might be coming to a close, our ongoing efforts to raise money to fight hunger in our state must continue!

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CU System Sees Major Victory as SCOTUS Denies ABA Appeal on FOM Rule

The U.S. Supreme Court denied an appeal from the American Bankers Association to void the NCUA field of membership (FOM) rule, a decision that marks the end of bankers’ nearly four-year battle to undo NCUA’s FOM rule finalized in October 2016.

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Forbes Announces 2020 Best Credit Unions In Each State

For the third year in a row, Forbes partnered with market research firm Statista to produce its list of the “Best Credit Unions In Each State.” Nearly 25,000 customers in the U.S. were surveyed for their opinions on their current and former banking relationships.

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Unemployment Fraud Investigation Update

Earlier this week, the League was contacted by the U.S. Secret Service with a request concerning the state unemployment fraud investigation. Credit unions can help the U.S. Attorney’s Office track suspected unemployment fraud through their SARs reports.

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CU Employees Can Wear Face Shields When Working Behind a Barrier

The Mills Administration has confirmed that face shields are a permitted form of facial covering for financial institution employees when deployed with a plexiglass barrier. If a physical barrier does not exist between an employee and a member, then cloth face masks remain the only approved facial covering.  

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NCUA Releases Q1 2020 Credit Union System Performance Data

Data on the financial performance of federally insured credit unions for the quarter ending March 31, 2020, is now available from the National Credit Union Administration.

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Life After COVID-19: Proactive Loss Mitigation Strategies for Your Loan Portfolio

COVID-19 has put financial institutions under stress. One significant risk is how the current environment has impacted your loan portfolio. James Bullard, Senior Risk Consultant at CUNA Mutual Group, explores this topic in a new blog post.

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CU News and Events: June Edition

How did credit unions kick off the start of summer? By doing what they do best—giving back, helping members, and recognizing outstanding employees. The League provides a summary of what some of our credit unions were up to in June.

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Honor Roll

Each month, the League honors credit union employees who earn a CUNA certificate or designation. Find out who received recognition in June.

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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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July 7, 2020
Annual Training for the Branch: BSA, Identity Theft & Regs CC, D, E & Truth in Savings
Register Now.

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July 8, 2020
Fraud by Channel Type: Check, Debit, Credit, ACH & Wire
Register Now.

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July 9, 2020
HR Compliance: Lessons Learned from Massive HR Failures
Register Now.

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July 13, 2020
Audit & COVID-19: A CFO Roadmap
Register Now.

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July 14, 2020
Completing the TRID Closing Disclosure Line-by-Line
Register Now.

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July 15, 2020
Growth & Transformation Series: Attracting Millennials: The Next Generation of Revenue
Register Now.

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July 15, 2020
 Identifying and Mitigating Fraud and Cyber Threats During the Pandemic
Register Now.

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July 16, 2020
HMDA: Still a Four Letter Word?
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