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CUNA Mutual Group Releases November Trends Report


The November 2021 CU Trends Report is now available. This monthly report, published and distributed by CUNA Mutual Group’s Director and Chief Economist Steven Rick, provides a review and analysis of recent credit union financial performance and operational results. It includes data from September.

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InfoSight eNewsletter


Topics in this week’s edition include:

  • FinCEN Issues Proposed Rule for Beneficial Ownership Reporting to Counter Illicit Finance and Increase Transparency
  • FFIEC BSA/AML Exam Manual Updated
  • DOJ Issues Initiative to Combat Money Mule Scams
  • CFPB Issues LIBOR Transition Rule
  • Regulation Z Thresholds for 2022

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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League Debuts Maine Credit Unions' Elementary Curriculum


Providing financial education to Mainers of all ages and from all backgrounds is an important priority for both the League and Maine’s credit unions. To make credit union outreach even more impactful, the League is pleased to launch a new curriculum program to teach younger Mainers about the importance of money management.

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Don't Forget to Cast Your Vote in the CUNA Board Special Election


As you may know, CUNA is holding a special election to fill vacancies on its Board of Directors. The special election began on November 12 and voting will close on December 16. Jason Lindstrom, President/CEO of Evergreen Credit Union, is running for the District 1, Class A position. This seat represents credit unions having less than 38,000 members in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Puerto Rico, and the U.S. Virgin Islands.

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CU Webinar Network Offers Complimentary Webinar on FedNow


Maine credit unions can take advantage of a unique educational offering provided by the Credit Union Webinar Network by participating in a complimentary webinar about FedNow, the new instant payment service from the Federal Reserve Bank. The session, facilitated by Kevin Olsen, the “Payments Professor,” is available on-demand, which lets you watch it at a time and location that’s convenient for your credit union.

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Credit Unions See Continued Share and Deposit Growth in Third Quarter


According to the latest financial performance data released by the National Credit Union Administration, federally insured credit unions saw shares and deposits increase by $219.9 billion, or 14.4 percent, to $1.75 trillion over the year ending in the third quarter of 2021. Regular shares increased $95.8 billion, or 17.6 percent, to $640.0 billion. Total assets in federally insured credit unions rose by $231 billion, or 12.9 percent, to $2.02 trillion in the third quarter of 2021.

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How to Save at the Gas Pump


Credit unions work hard to help their members when their financial situations change. Given the rising costs for fuel, the latest  Financial Literacy Blog offers some timely tips that your credit union can share with your members to help them save money at the gas pump this holiday season.

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It's Time to Join or Renew Your Membership to the Maine CU Marketing Council


With 2022 only a few weeks away, its time to renew your membership to the Maine Credit Union Marketing Council for next year. If you weren’t a member of the Council in 2021, now is a great time to join to experience the many benefits that the Council provides. The Council offers credit union marketing professionals an opportunity to collaborate, share best practices, and learn new skills that can help them promote their credit union’s products and services to a wide variety of audiences.

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CLYNK to Help End Hunger


We are always looking for ways to support the Campaign for Ending Hunger! Earlier this year, the Campaign partnered with CLYNK to Give to expand our fundraising efforts and put our redeemable bottles and cans to work for our signature social responsibility initiative. If your credit union is looking for a new way to recycle your beverage containers, consider using CLYNK if you aren’t already taking advantage of this simple service with big benefits!

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