There only are seven days left to wrap up your credit union’s fundraising for our signature Campaign for Ending Hunger. We know how hard Maine credit unions have been working this year, and we can’t wait to learn your final fundraising results. As a reminder, credit union Ending Hunger funds should be submitted to the League by January 7, 2022.

» Read More

The League will not be distributing Weekly Update next week. We extend our best wishes to you, our credit union family. We hope you have a joyous and wonderful Christmas. We look forward to collaborating with you in the new year!

» Read More

NAFCU President Dan Berger outlines why the credit union tax exempt status helps put the needs of members first, and allows credit unions to play an important role in our nation’s economic recovery.

» Read More

Steve Heusuk, CUNA Mutual Group’s Senior Manager of Customer Intelligence, explains why your credit union can benefit by examining the strategic choices of the country’s most successful credit unions, and provides a quick Dos and Don’ts list to consider.

» Read More

The National Credit Union Administration Board unanimously approved an extension of the effective date of its temporary final rule, which modified certain regulatory requirements to help ensure that federally insured credit unions remain operational and can address economic conditions caused by the COVID–19 pandemic.

» Read More

The Financial Literacy Blog explores the benefits of having insurance and why members should consider a number of insurance options to help protect their financial futures.

» Read More

The Maine Credit Union Marketing Council will be hosting a virtual lunch and learn session on Wednesday, February 2, from 12:00–1:00 pm featuring Louis Gudema, B2B Fractional CMO and Marketing Strategist at revenue & associates. The Marketing Council offers credit union professionals a unique opportunity to collaborate, share best practices, and learn new skills that can help them promote their credit union’s unique products and services.

» Read More

Todd Mason, League President/CEO, shares a heartfelt holiday message to credit unions.

» Read More

With lawmakers in Washington looking to wrap up their work for the year and the state Legislature preparing for their return to Augusta in January, the League’s Governmental Affairs team provides a timely update.

» Read More

The Credit Union Legislative Action Council Executive Committee (CULAC) recently confirmed new members on its Board of Trustees. Maine’s Tucker Cole, President & CEO of Maine State CU, has been re-appointed to serve as Maine’s CULAC trustee. In addition, the League is reminding credit unions about next week’s Casual Dress for CULAC fundraiser.

» Read More

Topics in this week’s edition include:

• CFPB Updates EFT/Reg E FAQs
• FinCEN Seeks Input on Modernizing AML/CFT Regime
• Complete NCUA’s Volunteer Credit Union Diversity Self-Assessment
• CFPB Reports Finding Wide-Ranging Law Violations in 2021
• NCUA Awards $100,000 in Mentoring Grants

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.

» Read More

Northeast CU recently announced the appointment of Steve Becker as the Vice President of Financial Planning and Analysis. Becker brings a wealth of experience and is tasked with maintaining the credit union’s strong financial stability as it pursues dynamic growth strategies.

» Read More