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InfoSight eNewsletter
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.
- InfoSight 360
- CFPB Takes Action Against Draper & Kramer Mortgage for Discriminatory Practices
- Supervisory Highlights – Advanced Technology Edition
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.
Maine Family FCU Announces Decrease in Membership Par Value
Maine Family FCU is pleased to announce a significant change to its membership structure that will make joining the credit union even more accessible. Effective January 10, 2025, the par value of membership shares decreased from $25 to $5. This change underscores the credit union’s commitment to ensuring that everyone in their community has access to affordable financial services.
cPort CU Announces Groundbreaking for New Lewiston Branch
cPort CU is thrilled to announce the groundbreaking for its new Lewiston branch located at 321 Main Street. The groundbreaking marks the beginning of construction for the new branch, which is designed to offer a convenient and welcoming environment for new and existing members.
Changing Lives at NorState FCU
For a small user fee, members and non-members can visit NorState FCU’s branches in Madawaska, Fort Kent, and Presque Isle to have their loose change sorted and redeemed. Each year, the user fees collected are tallied up in December and donated to a worthy cause. NorState FCU selected the American Red Cross as its 2024 beneficiary and $6,838.49 was donated to the organization to support disaster relief in Aroostook County.
Lighthouse CU Partners with Maine Affordable Housing Coalition to Expand Affordable Housing Awareness and Resources
Lighthouse CU has partnered with the Maine Affordable Housing Coalition (MAHC) to support affordable housing initiatives across the state. Individuals who join Lighthouse CU have the option to receive a complimentary one-year membership with MAHC, furthering the organizations’ shared mission to provide safe, affordable housing for all Mainers.
NCUA Releases Research Note on Overdraft, NSF Fees at Credit Unions
Last week, the National Credit Union Administration (NCUA) released a Research Note that provides an analysis of statistics for overdraft and non-sufficient funds fees, and observations on the relationship between overdraft and non-sufficient funds fees and other revenues.
OTIS FCU Promotes Seven and Its Supervisory Committee Chair Achieves Certification
OTIS FCU is pleased to announce the recent promotion of seven staff members. Additionally, the credit union is proud to announce that its Supervisory Committee Chair Sam Howes achieved his Certified Credit Union Supervisory Committee Member (CCUSC) designation through America’s Credit Unions.
League Awards Spotlight: Alexander Ferguson Award
Volunteerism is at the very heart of the credit union movement. It is one of the biggest ways credit union advocates demonstrate and live out the People Helping People ideals, prioritizing community service and support. Because of the dedicated volunteers our movement is fortunate to have, Maine’s credit unions are stronger and better-positioned to serve the communities they love. You have the special opportunity to recognize an outstanding volunteer at your credit by nominating them for the Alexander Ferguson Award.
League Delivers Financial Education to Wells-Ogunquit Educators
On January 8, nearly 150 educators in the Wells-Ogunquit school district experienced a role reversal. Rather than facilitating their own learning sessions, they became the students and benefited from a lesson plan delivered by Jake Holmes, League Director of Outreach and Strategic Planning. Holmes walked staff through the League’s new adult financial education curriculum, sharing helpful budgeting tips to help improve their financial wellness.
InfoSight eNewsletter
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.
- What’s Coming First Quarter 2025 – League InfoSight
- 2025 NCUA Supervisory Priorities
- News and Alerts
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.
OTIS FCU Returns More Than $8 Million to Members Through 20 Years of the “OTIS Advantage”
OTIS FCU is pleased to announce that a 10% bonus dividend and interest refund of $1,071,959.30 was posted to member accounts on January 1, 2025. This return represents the credit union’s financial success in 2024 and is its largest bonus to date. Over the past 20 years, OTIS FCU has returned over $8 million to both its savers and borrowers through this practice.
Making An Impact: Maine Credit Unions' Campaign for Ending Hunger
The Campaign for Ending Hunger has officially closed its fundraising books for 2024 and soon the results from last year will be announced! If you are as excited to hear the total as we are to share the news, please register for the Annual Ending Hunger Fundraising Results Luncheon, taking place on February 10 at 11:30 am in Freeport. In addition to announcing the Campaign’s results, top credit union fundraisers will be recognized and awards will be given out for credit union volunteerism.