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Connected CU's Pot of Gold
Connected CU’s fundraising efforts are off to a great start, thanks to some help from one of its younger members.
You Can Walk to End Hunger This Weekend
It’s time to get your walking shoes on! Maine State CU’s Feed ME 5K Walk to End Hunger in Maine is back in person and happening this Saturday at 9:00 am in Augusta. Show your support for the Campaign for Ending Hunger while taking a walk with your friends at the credit union.
New Member Moment Highlights the Convenience of Mobile Banking
Maine Credit Unions recently created a new Member Moment video that highlights the benefits of mobile banking. By using a credit union mobile banking app, members can access their money anytime, anywhere. Credit unions are encouraged to post Member Moment videos on their social media feeds.
The Path to Financial Wellness Is a Personal Journey
David Libby, President and CEO at Town & Country FCU, discusses the importance of getting a handle on your finances in this opinion editorial published in the Portland Press Herald for National Financial Literacy Month.
Take Time to Recognize a Rock Star at Your Credit Union
Do you know someone at your credit union who consistently goes above and beyond the call of duty? Do they embody the People Helping People philosophy in their work and in their community? If you answered yes to these questions, consider nominating them for the 2022 Credit Union Rock Star program, sponsored by Fiserv.
CUSO Home Lending Signs Contract with MaineStream Finance
CUSO Home Lending has announced that they have signed a contract with MaineStream Finance to manage both the servicing of their current portfolio of loans and take on the servicing of any new loans closed going forward.
NEFEC Hosting Spring Networking Event
The New England Financial Executives Council (NEFEC) is pleased to announce it will holding an in-person learning and networking event on May 20 at Saltwater Grille in South Portland. The event will feature a presentation from Frank Farone, Managing Director at Darling Consulting Group.
League Continues to Lobby Against Biometric Identifiers Bill
Earlier this year, the League testified in opposition to LD 1945, An Act To Regulate the Use of Biometric Identifiers. The bill would require increased consent and security provisions around the use of biometrics such as voice recognition and fingerprints. The League has concerns that Committee Report B would discourage and significantly increase risks and liabilities for Maine financial institutions seeking to use biometric technology.
The Importance of National Financial Literacy Month - A Message From Jake Holmes
Jake Holmes, the League’s Financial Literacy Outreach Coordinator, discusses the importance and benefits of promoting financial education throughout the remaining weeks of National Financial Literacy Month, and in every month beyond.
Portland Sea Dogs Ending Hunger Ticket Packages Are Still Available
Compliance Committee Discusses Hybrid Exams with Examiners
The Compliance Committee met for a discussion with Joanne Black of the NCUA and Andrea McLaughlin of the Maine Bureau of Financial Institutions on the current state and future of examinations. In preparation for the meeting, the League surveyed Maine credit unions to receive their input on the benefits of having both virtual and hybrid exams.
Emerging Risk Outlook: Keep Ahead of Trends & Issues
Innovation, employee experience, and evolving consumer preferences are changing the financial services landscape. No matter what your credit union’s approach is, there’s a new level of scrutiny that you need to apply. While each credit union has its own unique risk footprint, CUNA Mutual Group’s Emerging Risks Outlook highlights risks and loss trends that you should have your eye on.