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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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.

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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.

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The League’s Governmental Affairs team provides a timely update highlighting the advocacy activity that is taking place in Augusta and Washington, DC.

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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.

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