On October 21, credit unions and leagues across the country and around the globe will come together to celebrate International Credit Union Day. This special celebration honors our credit union movement’s history, its achievements, and shared member experiences.

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To commemorate International Credit Union Day on October 21, New Dimensions FCU will be hosting Member Appreciation Day at their branches. This special occasion also will celebrate the credit union’s 65th anniversary.

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Trademark FCU is pleased to announce it has hired Taja Wright to serve as the new Vice President of Service and Operations for all branch locations. Wright brings more than 15 years of managerial experience to the role.

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For three Maine college freshmen, paying for education just got a little easier. Acadia FCU named Victoria Andrews, Caleb Bassett, and Gabrielle Martin as the 2021 recipients of the Acadia FCU Scholarship.

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Matt Kaubris, CEO of Oxford FCU, recently announced several employee promotions. Samantha Noyes, Deb Brown, and Tammy Daigle were promoted to the positions of Senior Vice President in their respective departments. Additionally, Heather Gallant has assumed the role of Vice President of Finance/IT.

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Mobile payment apps are becoming increasingly popular across all demographics. While these apps can be used as an alternative to credit or debit cards, many  like Venmo, Zelle, or Cash App are used to send money to friends or family members. With the increase in popularity among peers, fraudsters are taking advantage by targeting users with transfer and request scams.

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The Take a Chance to End Hunger raffle has kicked off with a bang. Nearly half of our credit unions are partaking in this effort and it is easy to understand why. New Englanders love their Patriots and $5 from each ticket sold will go toward the participating credit union’s 2021 Ending Hunger fundraising total. If your credit union has not yet signed up to sell tickets, there is still time!

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There has been a great deal of legislative activity in both the halls of the State House and in the U.S. Capitol. The League breaks down what has happened and what credit unions need to know.

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Topics in this week’s edition include:

• CFPB Report on Consumer Complaint Submissions
• FinCEN Starts Process for New Antiquities Trade Regs
• COVID-19 Multifamily Forbearance Extended Again
• HUD and FHA Clarify Freddie Mac Group Home Policy
• NCUA Issues Letter to FCU – End of Homeowner Protection Programs

In addition, new content updates have been added within InfoSight including:

• COVID Bankruptcy and Collections Relief
• An Overdraft Payment Account Checklist
• Virtual Currency FAQs

InfoSight is FREE to League CU employees as a benefit to membership and provides state and federal compliance and operations resources.

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Autumn has swept in and our credit unions welcomed the new season by serving both their members and their communities in fun and exciting ways. From fundraisers to community service, employees were inspired by the changing of the seasons. The League provides a brief snapshot of what some of our credit unions were up to during the month of September.

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According to new survey data from CUNA Mutual Group, the middle class reports heightened confidence and optimism in their financial security and retirement prospects. Even though the middle class is feeling more financially secure, their safety nets tell a different story.

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On August 26, the federal eviction moratorium ended for everyone after it had been extended  by the Center for Disease Control and Prevention. With many renters still in need of financial assistance, scammers are taking advantage of the panic caused by this situation.

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