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InfoSight eNewsletter
Topics in this week’s edition include:
- CFPB Acts to Protect the Public from Black-Box Credit Models Using Complex Algorithms
- FHFA Requires New Public Disclosures by Enterprises
- MLA System Release Due June 30
- CFPB: Credit Card Payment Data Suppression May Harm Consumers
- U.S. House Prices Continue Upward Climb
InfoSight is FREE to League CU employees as a benefit to membership and provides state and federal compliance and operations resources. Information on InfoSight, including overviews of state regulations, are reviewed annually by compliance professionals across the country, including the League’s own Compliance team. Request your login today.
Make the Most of Your Membership. New Shared Branching Member Moment
Maine Credit Unions’ new Member Moment video highlights the benefits of Shared Branching. With over 170 branches in Maine and more than 5,600 participating branches across the United States, members can access their money wherever they are! Credit unions are encouraged to post Member Moment videos on their social media feeds.
Oxford FCU to Present Thursday Night in the Garden Series
Oxford FCU is pleased to announce that they are partnering with McLaughlin Garden & Homestead in South Paris to present the Thursday Night in the Garden event series. The summer program begins on June 16 at 6:00 pm.
CU News and Events May Edition
May proved to be a busy month for Maine’s credit unions! From the Ending Hunger Golf Tournament to the Annual Convention, credit unions from across the state came together. The League provides a brief snapshot of what some of our credit unions were up to last month.
Economic Update Discusses Q1 Results, Fed’s Next Steps
CUNA Chief Economist Mike Schenk discusses the overall health of the economy, the Federal Reserve’s next steps, and the stock market in the latest Economic Update.
Discovery2022 Registration Now Open
Registration is now open for CUNA Mutual Group’s Discovery2022. On August 11, this one-day conference will provide engaging sessions filled with insightful, relevant content for credit unions.
Northeast CU Promotes Monica O’Hara to Assistant Vice President Support Operations
Northeast CU is pleased to announce the promotion of Monica O’Hara to Assistant Vice President Support Operations. In her new role, she will manage the Records Processing and Deposit Operation departments which are responsible for member records and deposit products.
The $100,000 Challenge Is Underway!
It’s official! The $100,000 Ending Hunger Challenge is underway. The end of the month will be here before we know it. With less than 30 days to raise $100,000, we need your credit union’s help to reach our fundraising goal.
Membership and Lending Thrives For Credit Unions
Credit union membership experienced significant growth in the last calendar year. With over 4.8 million new members, the credit union industry saw a membership 12-month growth rate of 3.8%, slightly ahead of the 12-month growth rate this time last year. Callahan & Associates recently shared industry data from the first quarter of 2022 during its quarterly Trendwatch webinar.
League Earns MAC Award Recognition
For the first time ever, the League is being honored with two gold MAC Awards from the Marketing Association of Credit Unions. The League earned awards in the Broadcast Video and Financial Education categories.
The League and Synergent Welcome Compliance and Enterprise Risk Management Interns
The Maine Credit Union League and Synergent are pleased to welcome summer interns Nicholas Tammaro and Sydney Seiders. Nicholas joins the Governmental Affairs team as a compliance intern and Sydney will serve as an intern for Synergent’s Enterprise Risk Management team.
InfoSight eNewsletter
Topics in this week’s edition include:
- Fifth Circuit Holds Oral Argument in Challenge to CFPB’s Payday Lending Rule Payment Provisions
- NCUA Letter to Credit Unions Re: Federally Insured Credit Union Use of Distributed Ledger Technologies
- NCUA Statement on Committee Passage of Vendor Authority and Underserved Areas Bills
- Did the DOJ Issue ADA Website Accessibility Regulations?
- CFPB: States Can Enforce Federal Consumer Protection Laws
InfoSight is FREE to League CU employees as a benefit to membership and provides state and federal compliance and operations resources. Information on InfoSight, including overviews of state regulations, are reviewed annually by compliance professionals across the country, including the League’s own Compliance team. Request your login today.
We also encourage you to please provide your feedback about InfoSight by completing the 2022 League InfoSight User Survey. The results of the annual survey will inform the team as they innovate and improve the offerings for your credit union.