Get your bids in while you can. The Campaign for Ending Hunger online auction ends today at 2:45 pm. With a wide array of items up for grabs, there’s something for everyone at all price points. But the best part about bidding on an item is knowing that the financial support you will be providing will help us feed those in need across the state.

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CUNA has released a paper on the results of their 2022 National Voter Poll, which confirms that credit union members have greater levels of financial resilience than nonmembers. The poll examined how credit union members and nonmembers feel about their financial institution and if they believe their institution is looking out for them.

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The Governor recently signed into law a bill that addresses online payments for charitable raffles. The updated law clarifies that an online payment system does not make an in-person raffle an “internet raffle,” which is subject to strict regulation by the state’s Gambling Control Unit.

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While the halls of the State House are quieting down, important credit union issues are heating up in Congress. On May 4, the Senate Judiciary Committee held a public hearing on interchange fees. Another federal advocacy priority is back in the news: the SAFE Banking Act. It has been reported that there is a significant effort to tie the SAFE Banking Act to a “must-pass” bill in the U.S. Senate.

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Cheryl Lancaster, League Executive Vice President of Member Services, provides a preview of what attendees can expect at the 84th Annual Convention. This year’s robust agenda has something for everyone!

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April was a very productive month for our credit unions! Between Credit Union Youth Month activities, annual meetings, scholarships, and fundraising, credit union employees stayed busy all month long. The League provides a brief snapshot of what some of our credit unions were up to last month.

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Topics in this week’s edition include:

• CFPB Issues Spanish Model and Sample Forms
• FTC Proposes Protection Against Telemarketing for Small Business
• Ukraine-Related Sanctions Amended, Renamed, and Reissued
• Financial Stability Board Report on Approaches to Climate Change Risks
• FHFA Mandates

Don’t forget, credit unions are invited to attend a compliance discussion with Glory LeDu, CEO of League Infosight, on May 12 from 10:00 am – 3:00 pm. Credit unions can join the discussion in person at the Credit Union Service Center in Westbrook or attend virtually. There is no charge to attend but pre-registration is required.

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

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Synergent looks forward to coming together with Maine credit unions next week at both the Ending Hunger Golf Tournament and at the League’s Annual Convention.

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Maine State CU is excited to announce that their annual Feed ME 5K walk to end hunger in Maine raised over $48,000. The event, which took place on April 23, was the first in-person walk since 2019.

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The April 2022 CU Trends Report is now available. This monthly report, published and distributed by CUNA Mutual Group’s Director and Chief Economist Steven Rick, provides a review and analysis of recent credit union financial performance and operational results. It includes data from February.

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The Young Professionals Network (YPN) is hosting a Q&A session with the League’s Committee Chairs to provide YPs a chance to hear firsthand about what the committees do and how they can get involved. The session will take place on May 13 from 1:45 pm – 2:45 pm in the Portland Museum of Art Boardroom.

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The annual online auction to benefit the Campaign for Ending Hunger is officially open. Thanks to the incredible generosity of our credit union family, we have over 70 items up for grabs. This year’s auction has it all including gift cards, concert and baseball tickets, camping gear, baskets, and more!

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