With just over a week to go, is your credit union looking for ways to get involved in your community? The League has assembled a list of activities you can consider to take part in this global day of generosity.

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Thank you for being a part of the People Helping People movement. On behalf of everyone at the League and Synergent, we wish you and your families a happy, healthy Thanksgiving. In light of the holiday, we will not be publishing Weekly Update next week.

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Topics in this week’s edition include:

• CFPB Issues Guidance to Address Shoddy Investigation Practices by Consumer Reporting Companies
• Chairman Harper Testifies on State of the Credit Union Industry at Senate Hearing
• CFPB Publishes New Bulletin Analyzing Rise in Crypto-Asset Complaints

InfoSight is FREE to League CU employees as a benefit to membership and provides state and federal compliance and operations resources. Click here to request a login.

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Maine continues to be recognized on the national level for credit union service. CUNA announced the recipients of their Dora Maxwell Social Responsibility Community Service Award, Louise Herring Philosophy-in-Action Member Service Award, and Desjardins Awards for Financial Education. The League, Changing Seasons FCU, and Community CU all received honors.

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The National Credit Union Foundation has officially opened registration for the CU FinHealth™ Conference, taking place April 18-20, 2023, in Las Vegas. Now in its seventh year, CU FinHealth brings industry leaders together to examine how credit unions are measuring financial health, working to strengthen it, and sharing the results.

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The Insurance Trust is pleased to announce it has hired three new employees to join their team. Benjamin Roberts, Liz Stevens, and Alex York will fill lending support, compliance, and training roles.

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Registration is open for the Women’s Leadership Conference, taking place on November 29 at the Hilton Garden Inn Auburn Riverwatch. Don’t miss your chance to participate in a day of credit union networking, insightful discussion, and resilience building. The event is centered around the theme, Building Confidence Through Emotional Intelligence.

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On Monday, NCUA Chairman Todd M. Harper, along with other financial regulatory agency principals, testified at a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Harper provided the Committee with a state of the credit union system and noted the factors that will affect its performance in 2023.

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Topics in this week’s edition include:

• Advance Notice of Proposed Rulemaking – Request for Public Comment
• NACHA Reminds Third-Party Senders to Conduct a Risk Assessment by March 31, 2023
• NCUA’s Hood: Addressing Inequality Is an Urgent Priority

InfoSight is FREE to League CU employees as a benefit to membership and provides state and federal compliance and operations resources. Click here to request a login.

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Expenses like maintenance, gas, registration, and insurance are all costs car buyers should consider before they sign and drive away with a new vehicle. The latest edition of the Financial Literacy Blog explores the true cost of car ownership. Credit unions are encouraged to share the blog with their members.

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While some results are still being tabulated, over 95% of League-endorsed candidates at both the state and federal levels won their races in Maine’s general election this week. For a full recap on Maine’s election results and the impact national races will have on credit union advocacy, please join the League’s Governmental Affairs team during the November 14 Town Hall at 1:00 pm.

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November kicks off the season of giving, and Hannaford Supermarkets continue to support Maine Credit Unions’ Campaign for Ending Hunger through its Fight Hunger Bag program. As a reminder, Hannaford is donating $1 to the Campaign for each $2.50 reusable Fight Hunger Bag purchased at its Brewer store this month.

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