The U.S. House of Representatives voted out their version of President Biden’s Build Back Better plan before Thanksgiving. The bill is now in the Senate for consideration and amendments. The IRS reporting proposal was not included in the House version of the bill. While this is a very positive and significant development for credit unions, our important advocacy work does not end with the House vote.

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Topics in this week’s edition include:

• NCUA Board Calls on Congress to Make CLF Enhancements Permanent
• FinCEN Notice on Environment Crimes and Financial Activity
• CFPB Requests Input on Detecting Mortgage Lending Discrimination
• Bureau Reminder to Debt Collectors
• HUD Awards $3.6 Million for Neighborhood Revitalization

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It’s hard to believe 2021 is almost over! It seems like we just kicked off our Campaign for Ending Hunger fundraising for the year. We know how hard Maine’s credit unions have been working on our signature social responsibility effort, and with 2022 on the horizon, there are some deadlines approaching to keep in mind.

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The Federal Financial Institutions Examination Council (FFIEC) released one new section and updates to three sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.

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The holiday season quickly emerged, and our credit unions wasted no time celebrating with their members and communities. From food drives to participating in local events, credit union staff showed up to give back. The League highlights a few ways our credit unions carried out our People Helping People philosophy in November.

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Maine State CU recently presented seven employees with awards to recognize their dedication and contributions to the credit union, its members, and their peers. The award winners include Lavetta Denson, Jordan Roy, Hunter Ogden, Claribel Henry, LoriAnn Canavin, Dan Emery, and Amanda Crommett.

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Ryan Poulin, CEO at New Dimensions FCU, and his team humbly accepted the 2020 Large Business Award during the Mid-Maine Chamber of Commerce’s 58th Annual Awards Ceremony on November 4.

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Credit Union Lending Alliance of New England (CULANE) is pleased to announce that Changing Seasons FCU has recently signed on to their indirect lending platform.

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The United Way of Aroostook has appointed UCU Community Engagement Manager Jenn Deschene to the organization’s volunteer board of directors.

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Dirigo FCU has announced its community charter is expanding and will now include Androscoggin, Cumberland, Franklin, Kennebec, Knox, Lincoln, Oxford, Sagadahoc, Somerset, and York counties.

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All 30 credit unions that currently participate in the MEWA health insurance plan will be receiving a premium holiday for January 2022. The MEWA was formed in partnership with the League and the Insurance Trust.

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League President/CEO Todd Mason shares a Thanksgiving Day message to credit unions. He expresses his gratitude for the impact credit unions have made this year and acknowledges his team at the League and Synergent.

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