Maine Credit Union League Weekly Update

With only a few weeks left to the calendar year, League team members will provide a brief summary of the 2024 Impact Report at a Town Hall scheduled on Friday, November 22 at 1:00 pm. The report, which will be mailed to credit unions in December, highlights our movement’s collective success and showcases the many ways the League partners with credit unions throughout the year.

Maine State CU announces the recognition of eight outstanding employees nominated by their peers for setting an exemplary standard of excellence. These individuals were honored with awards at the annual Maine State CU Employee Banquet, acknowledging their exceptional contributions to the organization and its members.

The League is busy planning a robust lineup of conferences and events for credit unions next year. To help us finalize our agenda and ensure we are delivering the most relevant and impactful content in the right locations, we are looking for your feedback. We have created a short survey and hope you will share your views with us by Friday, December 6.

Midcoast FCU is incredibly proud to celebrate the dedication and hard work of its loan officers, who went above and beyond during the CU Insurance Solutions “CU Give Back” GAP Challenge. Through their unwavering commitment to protecting the credit union’s members, they not only provided valuable GAP coverage but also earned $4,500 to pay it forward to the community.

Imagine receiving a letter in the mail from what appears to be a local law enforcement agency claiming that you have been accused of a felony and have failed to appear in court. The letter, which on quick glance looks legitimate, can cause significant alarm. While this may seem like a scenario that wouldn’t impact you, think again! Mainers are receiving faulty notification letters like these. It is important to be mindful of this scam and warn your members about it as well.

Maine Family FCU proudly announced the success of its recent “Strapped for Cash” fundraiser, held on November 1 to support the Campaign for Ending Hunger. During this one-day event, credit union employees took turns being “strapped” to a chair for 60-minute increments, encouraging members to donate towards this critical cause. Over the course of eight hours, the credit union raised an impressive $1,085.

The results are in! OTIS FCU hosted their first annual Cornhole Tournament for Ending Hunger on Sunday, October 6 at Boondocks Farm in Canton, and they are thrilled to announce the fundraiser was a great success. In total, thanks to the support of attendees, staff, and area businesses, the credit union raised $3,655 for local food pantries. 

Acadia FCU is excited to announce the addition of Michael C. Borman as the new Vice President of Lending. Borman joined the credit union’s team last month, bringing with him over 25 years of extensive experience in the financial services industry.

Maine Savings FCU is proud to announce the promotion of Cole Clement to Vice President of Marketing Strategy. Since joining Maine Savings in November of 2021 as Marketing Strategy Director, Clement has been instrumental in advancing the organization’s mission of delivering superior financial services and helping members find a better path forward.

Is your credit union leveraging the resources found on InfoSight? If you aren’t, you should! A snapshot of the topics available in this week’s InfoSight newsletter are below.

• New Compliance Video
• For Veterans Day, Share How to Spot and Avoid Scams
• CFPB Report Details Carveouts for Financial Institutions in State Data Privacy Laws
• CFPB Survey Reveals Impacts of Student Loan Debt Relief and Repayment Challenges