Trademark FCU has been in their South Portland neighborhood since last fall, but hasn’t had a chance to properly introduce itself. They are making up for lost time and hosting a community block party tomorrow from 12:00-4:00 pm at its Main Street location.

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At the approach to Westbrook off of Exit 48, lies a vacant piece of land that has been empty for years. But exciting changes are underway for this property. Atlantic FCU has announced that it is the new owner of 90 Riverside Street. The location will be the site for a new branch, which is set to open in the spring of 2022.

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Last week, CUNA launched a “call to action” to members in advance of a House Ways and Means Committee meeting to consider a proposal that would require financial institutions to report deposits and withdrawals of all business and personal accounts with a balance of more than $600. This week, the action alert was expanded to include credit unions members and their employees.

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Twenty years. It’s hard to believe two decades have passed since that world-changing morning on September 11, 2001. Todd Mason, League President/CEO, reflects on the 20th anniversary of 9/11 and reminds credit unions about the importance of coming together on this emotional day.

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Topics in this week’s edition include:

• Highlights – League InfoSight Survey
• CFPB Proposes Business Loan Data Collection Rule
• $47 Million to Fight Housing Discrimination
• Court Okays CFPB Payday Lending Regulation
• Digital Identity Services Workshop Announced
• Diversity, Equity, and Inclusion Summit 2021

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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August 28 turned out to be a gorgeous day to hold Casco FCU’s 4th Annual Motorcycle Ride to End Hunger. The sun was shining, bike engines were revving, and most importantly, money was raised to support the Campaign for Ending Hunger. Casco FCU raised $3,421.85 for local food pantries!

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While the economic impact of COVID-19 on individuals and families has been about as divergent as possible, most people experienced a financial awakening of one form or another. Whether it was the financial devastation of a job loss or the influx of savings from going nowhere and doing nothing, unprecedented times forced most Americans to confront entirely new household economics. If your credit union is thinking through a new or enhanced product strategy in light of COVID’s impact on members, financial protection products may fit the bill.

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After a fire destroyed Dr. Levesque Elementary School in Frenchville, Wisdom Middle/High School found themselves scrambling to accommodate over 100 additional students in time for the beginning of the academic year. Dave Desjardins, Acadia FCU President/CEO, issued a challenge to his staff to help the school meet its needs and raised $3,168!

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Registration is now open for the upcoming New England Sister Society chapter meeting of the Global Women’s Leadership Network (GWLN). The event will take place October 12, 2021 from 4:00-6:00 pm at Mohegan Sun in Uncasville, CT. Anyone interested in advancing women in leadership within the credit union industry and improving the economic outlook for women worldwide is welcome to attend.

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Atlantic FCU will present a virtual credit score seminar on September 22 from 5:30-6:00 pm. Experienced financial professionals will offer insights and valuable tips to help participants understand their credit score. Attendees will learn how to obtain their score, what comprises the score, and what hurts and helps improve it.

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UCU is pleased to announce Jenn Deschene and Lesley Ridge are the credit union’s new Community Engagement Managers. Ridge and Deschene will represent UCU in communities throughout the state, engaging with members, businesses, nonprofits, local leaders, and others to support financial literacy, volunteerism, and public service.

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Having just celebrated the unofficial end of summer last weekend, planning for the holidays probably isn’t top of mind for many of us. But if you have little ones on your shopping list to purchase toys for later this year, you may want to expedite your plans and take advantage of deals when you find them. According to reports in Fortune Magazine and Forbes, a potential toy shortage could drive up prices during the holidays.

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