In a letter to federally insured credit unions, the National Credit Union Administration outlined the agency’s examination program for 2022. Given the ongoing uncertainty associated with the COVID-19 pandemic, the NCUA will continue to conduct examination and supervision activities primarily offsite.

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The Atlantic FCU Foundation is proud to announce it has awarded ProsperityME a $10,000 grant to help promote, teach, and enhance financial skills and literacy. ProsperityME provides critical financial education to refugees, immigrants, and asylees to help them build a better future in Maine and achieve financial security.

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In 2019, Governor Mills and the Legislature took a bold step to address hunger in Maine. They enacted important legislation to bring state agencies, nonprofit and business leaders, educators, and other interested parties together to develop a strategic plan to end hunger in the state by 2030. On Tuesday, League President/CEO Todd Mason and other members of the 2030 Advisory Group virtually testified before the Legislature’s Agriculture, Conservation and Forestry Committee about their recommendations.

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The Supreme Court has stopped the Biden administration from enforcing a requirement that employees at large businesses be vaccinated against COVID-19 or undergo weekly testing and wear a mask on the job. At the same time, the court is allowing the administration to proceed with a vaccine mandate for most health care workers in the U.S.

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CMFG Ventures, the venture capital arm of CUNA Mutual Group, is hosting a webinar on January 25 at 2 pm to discuss strategic fintech partnerships and how they can open the door for credit union possibilities like increased loan volume, accelerated time to market, enhanced member experience, improved productivity, and more. You can join this session to gain tips for building and maintaining successful fintech partnerships.

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With the annual Ending Hunger Campaign Virtual Celebration less than one month away, the League is working to tally up the Campaign’s 2021 fundraising results and summarize each credit union’s individual efforts. If your credit union has not yet submitted its Ending Hunger funds to the League, please do so at your earliest convenience.

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Topics in this week’s edition include:

• Update on COVID Vaccination and Testing ETS
• MLO Registration Reactivation Period
• FinCEN Seeks to Streamline, Modernize, and Update BSA Rules
• NCUA Revises Its Call Reporting
• NCUA Extends Credit Union Diversity Self-Assessment Deadline to January 31

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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Mark your calendars and get your cold weather gear ready! The Aroostook Chapter of Credit Unions is holding its 10th Annual Snowmobile Run on February 10 to benefit Maine Credit Unions’ Campaign for Ending Hunger, Special Olympics Maine, and the Credit Union Legislature Action Council (CULAC). You can sign up today to ride or sponsor this special event.

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Midcoast FCU is pleased to welcome two new employees to their team. April Chubbuck joins the credit union as a Member Services Representative for the Edgecomb and Bath locations, and Nicole Main is the new Payment Solutions Specialist I. Main will work from the credit union’s Edgecomb location. In addition, Midcoast FCU announced it has expanded its field of membership to include Waldo and Cumberland Counties.

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Maine credit union employees annually contribute thousands of hours in volunteer time to a variety of organizations and causes. In 2021, credit unions reported a total of 13,309.64 volunteer hours, worth approximately $379,857 in donated time. University CU, Community CU, New Dimensions FCU, Gardiner FCU, and Midcoast FCU contributed the most hours in donated time, with each logging 1,000 hours or more.

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League President/CEO Todd Mason reflects on the resiliency of Maine credit unions and their commitment to lead the way for Maine and their members in 2022 and beyond. The article also includes a video message to credit unions from the League.

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Maine Credit Unions’ created a new “Member Moment” video highlighting the many benefits of mobile apps. Using this mobile technology, members can stay current with their money, putting service from your credit union at their fingertips. Credit unions should feel free to share “Member Moment” videos on their social media feeds.

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