The National Association of Realtors finds rising prices and interest rates are curbing demand.

» Read More

This week, CUNA News shared an article highlighting that, “credit unions are a source of trust for members interested in cryptocurrency.” This presents an opportunity for credit unions to serve members in this area by providing additional information and to consider how cryptocurrency relates to business goals, members’ financial wellbeing, and credit union growth.

» Read More

All debit cards expire within two to five years from the date of issuance. The Financial Literacy Blog explains why cards have expiration dates and steps to take when your card expires.

» Read More

Just in time for National Hunger Awareness Month, Maine Credit Unions’ Campaign for Ending Hunger is launching a 30-day, $100,000 challenge beginning June 1 to raise money for Good Shepherd Food Bank, local community food pantries, and meal sites. This initiative replicates a successful fundraising drive the Campaign sponsored a year ago to help Good Shepherd Food Bank and its partner organizations meet the unprecedented demand for food.

» Read More

To help map the future of Maine’s credit union movement, the League is hosting four regional dialogue meetings next month for CEOs and one member of their management team.

» Read More

Each quarter, employees at Five County CU fundraise for a local nonprofit. For their second quarter charity, the team is raising money for Little Angels Service Dogs and its Guardian Angel Prison Puppy Foster Program.

» Read More

Northeast CU is pleased to announce the promotion of Michelle Couch to Assistant Vice President Project Management. In her new role, she’ll continue to build the organization’s Project Management Team. Together with her team and other internal stakeholders, this cross-functional role will support the credit union’s capabilities to enhance throughput, as well as overall quality and consistency for Northeast CU’s organizational initiatives.

» Read More

CUNA Mutual Group has released its Spring 2022 Report for credit unions. This timely report can be shared at chapter and credit union meetings. In addition, CUNA Mutual Group shared pre-registration information for the Discovery2022 Virtual Conference scheduled for August 11.

» Read More

Exceptional credit union CEOs not only strengthen our movement in Maine, they help promote the credit union difference nationally. To recognize an outstanding CEO in our state, the League presented Evergreen CU’s Jason Lindstrom with the prestigious James M. Gratto Award during the Annual Convention.

» Read More

League President/CEO Todd Mason reflects on the opening remarks he shared during the 84th Annual Convention and highlights why our rich history of working together has strengthened—and will continue to support—a thriving credit union movement in our state.

» Read More

Topics in this week’s edition include:

• InfoSight Survey Still Open
• New InfoSight Content
• Revised Interagency Q&As on Flood Insurance
• VA Amends Regulations on Fiduciary Activities
• CFPB Wants Consistent Enforcement of Consumer Financial Protections
• Fed Board Amends Rates in Reg A and D

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.

» Read More

The House Financial Services Committee advanced the CUNA-League-led Expanding Financial Access for Underserved Communities Act (H.R 7003) with a 27-22 vote.

» Read More