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Aroostook Chapter of Credit Unions Hit the Trails for Charity
The Aroostook Chapter of Maine Credit Unions held their 10th annual Snowmobile Run on February 10. During the event, hosted by NorState FCU, 21 riders hit the Northern Maine trails to raise funds for Maine Credit Unions’ Campaign for Ending Hunger, Special Olympics Maine, and CULAC. A total of $4,200 was raised.
Worldwide Foundation Launches Campaign to Support Ukraine’s Credit Unions
The Worldwide Foundation for Credit Unions launched a new fundraising effort in support of Ukrainian credit unions impacted by the current military conflict in the Eastern European nation. The Ukrainian Credit Union Displacement Fund will help to mitigate both short- and long-term impacts to Ukraine’s credit union system and those who look to it for support, including both employees and members.
Great Falls Regional FCU CEO Retires After 40 Years
Nancy Bard has been at the center of Great Falls Regional FCU for more than 60% of its history, and on Monday, she celebrated her last day at the credit union. After serving 40 years as its CEO, Bard retired from Great Falls Regional FCU.
League Testifies on Biometrics Bill Before the State Legislature
Earlier this week, Robert Caverly, League Vice President of Governmental Affairs, testified in opposition to LD 1945, An Act to Regulate the Use of Biometric Identifiers. This bill would require increased consent and security provisions around the use of biometrics, such as voice recognition and fingerprints. In addition, the bill would allow consumers whose biometrics were used by a company failing to follow the law to sue the company directly, even if they had not experienced any direct harm.
Maximizing Your Unclaimed Property
Each year, millions of dollars go unclaimed by Maine residents. Unclaimed property includes money and other financial assets that are considered lost or abandoned by an owner after a specified amount of time has passed with no contact. In this edition of the Financial Literacy Blog, we explore different types of unclaimed property and offer some tips to help members maximize any unexpected income they could receive if they file a claim.
Tee Off To Help End Hunger
The League is pleased to announce we are holding our annual Ending Hunger Convention Golf Tournament on Thursday, May 12, to coincide with Convention. We hope your credit union will join us as we tee off together at the beautiful Belgrade Lakes Golf Club in support of our signature social responsibility initiative.
InfoSight eNewsletter
Topics in this week’s edition include:
- Call Report Modernization
- FinCEN Program Aids in Recovery of Over $1.1 Billion in Losses
- CFPB Acts to Protect Consumers with Government Benefit Accounts
- Interim Final Rule on Prompt Corrective Action Relief Renewed
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.
Evergreen CU's Meghan Dudley To Crash the GAC
CUNA’s 2022 Governmental Affairs Conference (GAC) wouldn’t be complete without an exemplary group of “crashers” partaking in the festivities. Representing Maine at this year’s event is Evergreen CU’s Meghan Dudley. She is the credit union’s AVP, Commercial Loan Officer. Meghan will join approximately 51 other rising credit union professionals from across the country who were selected to be part of the crashers program.
Maine Savings FCU Welcomes New Chief Operations Officer
Maine Savings FCU is proud to announce that Kim Turner has accepted the position of Chief Operations Officer as of February 14, 2022. She brings more than 20 years of experience in the financial services industry, all of which were either directly in or adjacent to credit unions.
Atlantic FCU Foundation Accepting Applications for College Scholarships
The 2022 Atlantic FCU Foundation College Scholarship program is now accepting applications. A total of $20,000 worth of scholarships will be awarded to members who are graduating high school this spring and have plans to continue their education.
InfoSight eNewsletter
Topics in this week’s edition include:
- New and Updated Content in the Investment Channel
- FinCEN: Beneficial Ownership Reporting and Next Steps
- Consumers Getting Runaround From Nationwide Consumer Reporting Agencies
- FinCEN Program Aids in Recovery of Over $1.1 B in Losses
- CFPB Shares Info on Homeowners Assistance Fund
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.
League Unveils Maine Programming Ahead of GAC
The League is pleased to announce we will be bringing back our popular “Mornings In Maine” program, featuring Maine’s congressional delegation and special guest speakers, for CUNA’s upcoming Governmental Affairs Conference (GAC). But, you don’t have to travel to Washington, DC to attend Mornings In Maine. Our unique programming will be offered virtually to allow more credit union advocates the opportunity to participate.