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Maine State CU Provides $100,000 to Help Send Mainers to College
The Board of Directors at Maine State CU recently voted to donate $100,000 to the Normand R. Dubreuil scholarship fund at the Maine Community College System and Maine Maritime Academy. Since its inception, Maine State CU has funded the endowment with over $230,000 and helped more than 135 Mainers work towards their associate’s and bachelor’s degrees.
Community Recycle Day Returns to Auburn
To celebrate Earth Day, Community CU is hosting a Community Recycle Day. This drive-thru event will take place from 9:00 am until 12:00 pm on April 16 and offer Auburn area residents a convenient way to shred documents, recycle items, or donate clean reusable resources to the SHAREcenter.
Oxford FCU Recognized As Top-Performing Credit Union
Oxford FCU is proud to announce it has been ranked #71 in the top-performing 100 credit unions in the country according to the 2021 S&P Global Market Intelligence Ranking, an annual ranking that assesses the performance of community banks and credit unions across the nation.
Today Is the Last Day to Secure Your Golf Sponsorship
We are just over one month away from our annual Ending Hunger Convention Golf Tournament. We know this is an event credit unions and our vendors look forward to each year, and given that it is one of the biggest fundraisers for the Campaign for Ending Hunger, it is an important one. If you have not locked in your sponsorship, today is the last day to pledge your support.
New Pilot Program to Provide Financial Education at Food Pantries
Improving the financial lives of all Mainers is an important priority for Maine credit unions. To help us achieve this mission, the League has joined with Good Shepherd Food Bank and New Ventures Maine to launch a financial literacy pilot program with two community food pantries: Kaydenz Kitchen Food Pantry in Lewiston and Friends Helping Friends in Easton. As part of this effort, a series of educational brochures will be shared with food pantry clients to help them improve their money management skills.
League-Brokered Deal on Towing Fee Increase Signed Into Law
LD 1876, An Act Regarding Abandoned Motor Vehicle Storage Fees, has been enacted by the Maine Legislature and signed into law by Governor Mills. This bill was brought forward by towing companies seeking to increase the monthly fee that can be charged for an abandoned vehicle.
March Credit Union News & Events
Spring has sprung our credit unions into action. They have been giving their time to the local communities they love to support. From Ukrainian relief efforts to the continued fight against hunger in Maine, staff showed up for those in need. This month’s News & Events provides a snapshot of just some of Maine credit unions accomplished this month.
FinCEN Alerts Credit Unions of Potential Russian Sanction Evasion Efforts
The National Association of Federally-Insured Credit Unions (NAFCU) shared a blog this week discussing FinCEN’s recent alert and call for vigilance in connection with the Russian Federation’s invasion of Ukraine.
Let's Celebrate National Credit Union Youth Month
April is here and it’s time to celebrate National Credit Union Youth Month and National Financial Literacy Month. While credit unions take financial education seriously all year long, this month provides us with even more opportunities to work with our members and community partners to promote financial wellness.
Infosight eNewsletter
Topics in this week’s edition include:
- NCUA Highlighted Risk of Phishing Attacks
- Bureau Extends Comment Period on “Junk Fees” RFI
- OFAC Widens Scope of Russia-Related Sanctions
- Action Plan for Fighting Bias in Appraisals
- FinCEN Updates SAR Filing Trends by Industry
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
Save the Date: Cumberland County FCU's Bag Toss Tournament Is Back
Get your throwing arm ready! Cumberland County FCU’s Bean Bag Toss Tournament is back. Please mark your calendars and join your friends from the credit union for some fun and games for charity on September 13 at Keeley’s Banquet Center in Portland.
Dirigo FCU Sells Winning Take a Chance to End Hunger Ticket
Congratulations to Dirigo FCU. The credit union sold the winning Take a Chance to End Hunger raffle ticket. Their lucky member will be Boston-bound on April 16 to see the Bruins take on the Pittsburg Penguins at the TD Garden.