Maine Credit Union League Weekly Update

The Campaign for Ending Hunger has officially closed its fundraising books for 2024 and soon the results from last year will be announced! If you are as excited to hear the total as we are to share the news, please register for the Annual Ending Hunger Fundraising Results Luncheon, taking place on February 10 at 11:30 am in Freeport. In addition to announcing the Campaign’s results, top credit union fundraisers will be recognized and awards will be given out for credit union volunteerism.

Jim Lemieux, President and CEO of Sebasticook Valley FCU, offers an inspirational message in his Press Herald guest commentary. In his editorial, he encourages people to give back by thinking about the big picture in 2025. He highlights how there are many ways to do good. Whether that means spending more time at the local pantry, helping a neighbor save money, or prioritizing employee development, we can all do more!

CUSO Home Lending is pleased to announce a date for its 2025 Residential Mortgage Lending Expo. The annual event is scheduled for March 20 at the Woodlands Country Club in Falmouth. Clear your calendars and join the CUSO Home Lending team to hear from insightful guest speakers and network with both your peers and industry vendors. Additional details will be shared soon. Please stay tuned!

Please join Casco FCU in congratulating Sarah Frudd on her promotion to Branch Manager of the credit union’s West Gorham office. Casco FCU is a close-knit, community institution that values promoting from within, and their entire team is excited to support Frudd on her career journey.

Lisbon Community FCU is excited to announce the promotion of two exemplary team members whose dedication and leadership have been instrumental in fostering the credit union’s continued growth and success. Kristi Foss has been promoted to Lisbon Branch Manager and Tracy Collins has been promoted to Risk Mitigation Manager.

People Helping People is at the core of the credit union movement. In times of uncertainty and despair, credit unions are always there to uplift their communities and support their members. Given the devastating events that have unfolded in California, credit unions across the country are joining together to help their colleagues impacted by the wildfires in Los Angeles County.

Downeast CU and Insurance is proud to announce a new partnership with area schools including Calais High School, Machias High School, Mount View High School, Richmond Middle and High School, and Washington Academy. In a new program coined, “Downeast Dunkers,” participating schools will receive cash and in-kind contributions from Downeast CU and Insurance throughout the 2024/2025 basketball season.

The Atlantic FCU Foundation has provided a $15,000 grant to Avesta Housing, an organization dedicated to improving lives and strengthening communities by promoting and providing quality affordable homes. This support underlines the Foundation’s dedication to building strong, sustainable communities through financial education.

OTIS FCU is pleased to announce that a 10% bonus dividend and interest refund of $1,071,959.30 was posted to member accounts on January 1, 2025. This return represents the credit union’s financial success in 2024 and is its largest bonus to date. Over the past 20 years, OTIS FCU has returned over $8 million to both its savers and borrowers through this practice.

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

• What’s Coming First Quarter 2025 – League InfoSight
• 2025 NCUA Supervisory Priorities
• News and Alerts

Credit unions interested in Community Development Financial Institutions Fund grants can get valuable information on a January 23 webinar hosted by the National Credit Union Administration and the CDFI Fund. Online registration for this webinar, “Grant Opportunities from the CDFI Fund,” is now open. The webinar is scheduled to begin at 2:00 pm and last approximately 75 minutes. It will include a live question-and-answer session.