Topics in this week’s edition include:

• Guide to HMDA Reporting: Getting It Right
• Treasury Targets Sanctions, Evaders, and Russian Tech Companies
• FinCEN Fines Fragrance Dealer $275,000 for GTO Violations
• FBI and International Partners Stop Wire Transfer Schemes
• NCUA to Begin Phase 2 of Resuming Onsite Operations

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.

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Northeast CU believes at the heart of every community are good people doing great things. That’s why the credit union has partnered with the Portland Sea Dogs and the New Hampshire Fisher Cats to host their fifth annual Nice Catch – Celebrating Kind Kids initiative.

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We could all benefit from a big dose of positivity, some encouragement, and an energized plan of action for moving forward. Look no further than the League’s 84th Annual Convention, where we will demonstrate the power of our collaboration and how credit unions are stronger when we work together. Register today to join us at the Holiday Inn By the Bay on May 13 and 14.

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CUSO Home Lending is pleased to announce that Nicole Savage has joined their team as its Vice President Residential Mortgage Sales Manager. In this role, Savage will drive CUSO’s marketing strategy and set sales objectives for their residential mortgage program in Maine and New Hampshire.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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