Maine Credit Union League Weekly Update

Volume 29  •  Issue 37  •  September 11, 2020  •  
A Message From Todd Mason: Credit Unions Are Financial Navigators

Todd Mason, President/CEO of the League and Synergent, reflects on the important role credit unions play in helping members financially navigate through life’s challenges, including COVID-19.

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Synergent’s Assistance in Federal Skimming Case Leads to Indictment

Earlier this year, the League and Synergent shared information about a card skimming scheme that was discovered in Portland. A federal grand jury has returned an indictment against a Florida man for his role in this activity. Rebekah Higgins, Synergent Payment and Fraud Consultant, assisted law enforcement officers working the case.

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NorState FCU Welcomes New Commercial Loan Officer

Robin Charette, Vice President of Commercial Services at NorState FCU, is pleased to announce the addition of Corey Pelletier to the credit union’s commercial lending department in Madawaska.

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PeoplesChoice CU to Host 17th Annual Polar Bear Tournament

PeoplesChoice CU is pleased to announce it will be hosting its 17th Annual Polar Bear Golf Tournament on October 8 to benefit Maine Credit Unions’ Campaign for Ending Hunger, CULAC, and Special Olympics Maine.

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Taxing Unemployment Benefits

According to U.S. Department of Labor Statistics, over 23 million workers applied for unemployment benefits this year. With so many people seeking aid, the IRS needs help reminding people that unemployment benefits are taxable.

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The Unexpected Costs of Having a Baby

In his latest financial literacy blog, Jake Holmes, the League’s Financial Literacy Outreach Coordinator and a new dad, explores the unexpected costs of having a newborn.

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NCUA Releases Q2 2020 Credit Union System Performance Data

Data on the financial performance of federally insured credit unions for the quarter ending June 30, 2020 is now available from the National Credit Union Administration.

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Maintaining Momentum: Global Women’s Leadership Network Event

Mark your calendars! Join the League and the Maine Sister Society of the Global Women’s Leadership Network for a virtual presentation and networking opportunity on October 5 from 2:00-4:30 pm.

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Marketing During the Coronavirus? Avoid the ‘Gloom and Doom’

Financial institutions face a quandary over how to approach marketing in the midst of an economic crisis and a global pandemic. Planning sessions will begin in earnest next month, but flexibility will be even more important now than in the past.

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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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September 15-17, 2020
Regulatory Compliance Virtual Conference
Register Now.
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September 15, 2020
Unpack NCUA’s Revised 2020 Supervisory Priorities Before Your Next Exam
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September 16, 2020
Prospecting & the Pandemic: Tools for Success During COVID-19
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September 17, 2020
Building the Best Possible Board Meeting: From Agenda to Action
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September 21, 2020
Mortgage Collection & Foreclosure: Best Practices & Tenants’ Rights
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September 22, 2020
Avoiding Costly Mistakes in Calculating Debt Service Coverage
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September 22, 2020
BSA Virtual Conference
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September 23, 2020
UCC-1 & UCC-3: Financing Statements Line-by-Line: Filing, Amending & Renewing
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September 24, 2020
Ag Lending Compliance Including Industrial Hemp
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