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Business Lending Solutions Names Christy Davalli Senior Vice President and Adds Two New Lenders
Business Lending Solutions (BLS), LLC has announced the promotion of Christy Davalli to Senior Vice President. In addition, BLS announced it has brought on two highly qualified lenders to the BLS Commercial Lending team. Amy Sharp and Chris DeMerchant both joins BLS to serve in the roles of VP-Commercial Lending.
OSHA Outlines Employer Vaccination and Testing Guidelines
In August, President Biden announced a vaccination mandate for private employers with more than 100 employees, but no details were provided at the time. Instead, the administration indicated that the Occupational Safety and Health Administration (OSHA) would release the new requirements on a later date. On Thursday, OSHA outlined the requirements under the mandate.
CU News & Events - October Edition
October was a busy and engaging month for our credit unions. Between fall festivities, Halloween, and International Credit Union Day, there was a flurry of community-based activities and support. When it comes to People Helping People, Maine credit unions never disappoint. The League provides a brief snapshot of what some of our credit unions were up to last month.
InfoSight eNewsletter
Topics in this week’s edition include:
- New CFPB Guide for Family Members of Elders
- CFPB Director Chopra on Stablecoin
- IRS Issues Additional $510 Million in Refunds
- CFPB Releases Debt Collection Rule Guidance Documents
- NCUA Extends MDI Mentoring Grants Application Deadline to November 14
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.
Zoomers on Campus: Where I Choose to Bank
With many Zoomers in college and new to the banking industry, there is much to learn about what credit unions can do to improve their banking experience. This CUInsight article highlights what credit unions can do to attract more Zoomers to their institutions through personalized experiences, customer service, and rewards.
League to Host Virtual Collections Conference in December
Registration is open for the League’s virtual Collections Conference featuring attorney Christy Jones. This two-day event, taking place December 1 and 2, will cover the latest changes to laws, regulations, and rulings, as well as topics requested by Maine credit unions.
Credit Union Fraud Alert: Check Compromise
Protecting your credit union and members against fraud is one of the League’s highest priorities. New fraudulent activity involving a Maine credit union has been brought to our attention, and we want to share this information with you to put you on alert.
Beyond Emergency Relief, the SBA Made Loans Last Year Totaling $205M in Maine
This Mainebiz article highlights the Maine Small Business Administration’s (SBA) loan volume over the past fiscal year. It also recognizes Infinity CU as the leading SBA credit union lender, with loans totaling over $1.2 million. Evergreen CU was recognized with two other lenders with an SBA District Director Award for their efforts to increase access to programs like the Paycheck Protection Program.
An Ending Hunger Message from Cheryl Lancaster
Cheryl Lancaster, League Executive Vice President of Member Services, provides an update on the Campaign for Ending Hunger and its new Holiday Meals for Mainers initiative.
Two Additional Nominations Received for CUNA Board
CUNA received two nominations for its upcoming Board election last week. Nominations are now being accepted for nine open director positions on CUNA’s Board of Directors. The deadline for nominations and seconds is November 11. Jason Lindstrom, President/CEO at Evergreen CU, is a confirmed nominee for the District 1, Class A special election.
You Can Apply for a Chance to Crash the GAC
CUNA’s Governmental Affairs Conference (GAC) is returning to DC next year. The credit union industry’s premier advocacy event is taking place February 27-March 3, 2022 and you have a chance to crash it! To be considered for one of the coveted Crashers spots, you must be a credit union young professional (40 & under) and submit an application by December 3, 2021.
Uncertainty Looms Over IRS Reporting Proposal as Democrats Aim to Close Deal
To ensure credit unions are aware of the latest developments surrounding the proposed IRS reporting requirements, the League’s Governmental Affairs team provides a timely update on the issue and what has transpired this week in Washington.