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How To Get Tax Refunds Sooner
The Internal Revenue Service is set to open the 2021 tax filing season on January 24. As members start their preparation, the Financial Literacy Blog examines some steps they can take to receive their refunds faster.
Application Portal Is Now Open for Dora Maxwell, Louise Herring, and Desjardins Awards
We have a shared mission to make Maine a great place to live and work for all. To help our League recognize how your credit union is improving the financial lives of your members through community service and financial literacy efforts, we have opened the application portal for our state Dora Maxwell, Louise Herring, and Desjardins Awards.
Updates From Augusta and Washington, DC
The League’s Governmental Affairs team provides a timely update highlighting the advocacy activity that is taking place in Augusta and Washington, DC.
Portland Mask Mandate and Hazard Pay Changes
On Monday, the Portland City Council instituted a mask mandate for businesses in the city. During their meeting, they also lifted the State of Emergency order, removing the hazard pay requirement for minimum wage employees effective January 13.
InfoSight eNewsletter
Topics in this week’s edition include:
- CFPB: HMDA Filing Period Has Begun
- MLA Database Update
- Annual Threshold Changes
- Transitioning Away from LIBOR
- Reminder: Diversity Self-Assessment Due by January 15
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.
Town & Country FCU Gives Back to Frontline Healthcare Workers
Town & Country FCU closed out the year by making a donation to some very worthy recipients. The credit union delivered lunch to frontline healthcare workers at three hospitals: Maine Medical Center, Northern Light Mercy Hospital, and Southern Maine Healthcare.
OTIS FCU Renews Membership with United Way of the Tri-Valley Area’s Corporate Champion Circle
OTIS FCU is pleased to announce that it has renewed its membership with the United Way of the Tri-Valley Area’s Corporate Champion Circle. The credit union will serve as a gold sponsor and pledged $3,000 to the organization.
CU News & Events - December Edition
Our credit unions made every effort to spread a splash of holiday magic within their communities in December. From fighting food insecurity to donating gifts, giving was at the heart of it all. The League highlights some of the ways our credit unions chose to brighten the season for those around them last month.
Midcoast FCU Honors Recent Employee Achievements
Midcoast FCU is pleased to recognize several employees who have successfully completed coursework to earn new credit union designations.
Student Loan Forbearance Extended Until May 2022
President Joe Biden extended the student loan forbearance period to May 1, 2022. For those with student loans, the Financial Literacy Blog breaks down exactly what this extension means for them.
IRS Issues Standard Mileage Rate for 2022
The Internal Revenue Service issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Effective January 1, 2022, the standard mileage rates for the use of a car is 58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2021.
League & Synergent Announce 2021 Employee of the Year
Schelene Shevchenko, Synergent Team Lead for Project Management, is the recipient of the 2021 Champion Award. The award recognizes the League and Synergent’s employee of the year.