Are you ready to roll for a great cause? Mark your calendars for March 9 and join Capital Area FCU for its Annual Bowl-a-Thon at Sparetime Recreation in Hallowell—an exciting event dedicated to raising funds for Special Olympics athletes in Maine.

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Is your credit union leveraging the resources found on League InfoSight? If you aren’t, you should! A snapshot of the topics available in this week’s InfoSight newsletter are below. To access the newsletter, click the Read More link.

• End of Support for Windows 10: What Credit Unions Need to Know
• CFPB Report Finds Cash-Out Mortgage Refinance Borrowers Improve Credit Scores
• CFPB Finds More Vehicles Eligible for Repossession Than Pre-Pandemic
• Kyle S. Hauptman Designated as NCUA Board Chairman
• Registration Open for February 6 Supervisory Priorities Webinar

InfoSight is FREE to League credit union employees as a benefit to membership and provides state and federal compliance and operations resources. Please contact the League if you need assistance accessing InfoSight.

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Credit unions dedicate thousands of hours toward volunteerism each year—and Maine’s credit unions are no exception. A new and improved Volunteer Tracking form has been launched on the League’s website to allow your credit union more visibility and control when it comes to the hours you submit, and we hope your credit union will utilize it to begin reporting your 2025 volunteerism efforts.

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Earlier this week, the League and Midcoast FCU testified in support of LD 97, An Act to Facilitate the Improvement of Credit Scores of Residents of Department of Corrections Facilities. The bill was requested by the Maine Department of Corrections. It is based on work that Midcoast FCU is providing to some residents of Bolduc Correctional Facility, enabling them to use credit builder loans to acquire credit prior to their release.  

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Downeast CU lending expert Jason Theriault was recently awarded the Top Protector in the Nation by CU Certified during their annual competition, outranking 284 other lenders. Theriault has protected hundreds of credit union members from costly or unexpected auto repairs, preventing financial hardships and loss of transportation.

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The Atlantic FCU Foundation has awarded a generous $10,000 grant to My Place Teen Center, a nonprofit organization dedicated to providing a safe haven and essential resources for youth in the counties of Cumberland and York. This grant highlights the foundation’s ongoing commitment to supporting initiatives that foster financial literacy and essential life skills among young individuals.

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Celebrating ten years of supporting Maine students’ pursuit of higher education, University CU (UCU) is pleased to announce applications are now open for the 2025 UCU Scholarship Program. Since launching the UCU Scholarship Program in 2016, UCU has awarded $64,000 in scholarships to students pursuing higher education across the University of Maine System and Maine Maritime Academy.

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Acadia FCU is proud to announce the creation of the Peter Saucier Memorial Scholarship, a $5,000 award aimed at empowering our next generation with educational opportunities. This scholarship pays tribute to Peter Saucier, a beloved board member and volunteer who devoted over 28 years of service to the credit union and its members.

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Credit union CEOs are an integral part of their employees,’ members,’ and communities’ lives day in and day out. Across the state, credit unions are guided by strong, dedicated, hard-working, inspirational, and caring leaders—leaders that carve out the pathway to a better future for all. They not only strengthen Maine’s credit union movement but contribute to the national efforts of the credit union community as a whole. You can recognize your credit union’s CEO for all they do by nominating them for the James M. Gratto Award.

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2025 credit union fundraising for the Campaign for Ending Hunger is well underway, and at NorState FCU, the team is going wild to support our signature initiative. The credit union recently launched a new effort to raise critical funds in support of hunger relief efforts in their community. For a minimum donation of just $10 to the Campaign, friends, family, and community members can take home a lovable, jungle-themed stuffed animal.

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We are pleased to announce that Maine Credit Unions’ new adult financial education curriculum is now available! Credit union volunteers can easily utilize this turnkey resource at food pantries, rotary clubs, and other community organizations. The curriculum, including both the Educator Guide for facilitators and the Money Book for adult learners, is posted on the League’s website.

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One of the most important things to consider when outlining your budget is your cost of living. It is crucial to stay within your financial means when paying for essentials like food, transportation, housing, and utilities. One of the biggest ways to do this, especially during winter in Maine, is to reduce energy usage to avoid higher bills that could tighten your budget. This edition of the Financial Literacy Blog outlines ten ways to save money and reach your financial goals by cutting down energy usage costs. 

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