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Trust and Convenience Drive Satisfaction with Credit Unions but Overdraft Fees Present Risks, J.D. Power Finds
According to the J.D. Power 2025 U.S. Credit Union Satisfaction Study recently released, the combination of better interest rates and lower fees has helped credit unions maintain consistently high satisfaction scores—even during times of economic uncertainty.
Preparing for New IDCheck Requirements
With imposter fraud on the rise, new security measures are being implemented to prevent criminals from cashing in on the convenience of Shared Branching. Starting May 1, out-of-state members visiting participating Shared Branching locations in Maine will need to verify their identity via IDCheck.
Last Day to Support the Ending Hunger Auction
We hope you are ready to bid high and bid often! In less than two weeks, the annual Ending Hunger Online Auction will embark on 16 days of fundraising for hungry Mainers. With many wonderful items in-hand already from multiple generous donors, this is an auction you won’t want to miss. Your credit union still has the chance to submit an item to this annual fundraiser, helping raise even more critical funds for the Campaign for Ending Hunger.
Secure Your Spot Today to Join Us at Elevate 2025
Have you registered yet for the upcoming Convention?! We invite you and your team to join us for the Maine Credit Union League’s Annual Convention and Exhibit Show, now known as Elevate. A full agenda is planned with keynotes, breakout sessions, an exhibit show, silent auctions for CULAC and Ending Hunger, the annual awards program, and plenty of opportunities for networking and socializing. But you’ll want to act fast! The registration deadline is approaching. Sign up online by April 25.
Albert Named Executive Vice President and Chief Financial Officer of Acadia FCU
Acadia FCU proudly announces the promotion of Erica Albert to Executive Vice President and Chief Financial Officer (EVP/CFO), effective March 3, 2025. Albert will share the EVP role with current EVP Joey Cannan during a leadership transition period. This transition will culminate in Cannan becoming Chief Executive Officer upon the retirement of current CEO David Desjardins on July 1, 2025.
Four Team Members Elevated to Vice President Positions at Dirigo FCU
Dirigo FCU is proud to recognize the outstanding achievements of four dedicated team members—Debra Conrad, Josh Andrei, Timothy Dalton, and Kasey Perron—who have been promoted to Vice President positions. These individuals have demonstrated exceptional leadership, expertise, and commitment to the credit union’s members and organization.
NorState FCU Announces Two Promotions
NorState FCU is pleased to announce the recent promotions of two of its current staff members. Hannah Cummings has been promoted from Ashland Branch Manager to Director of Employee Knowledge & Marketing. Tammy Kenney has been promoted from Ashland Assistant Branch Manager to Ashland Branch Manager.
Trivia with Heart: A Night of Fun and Fundraising for Special Olympics Maine
Get ready for an evening filled with brain-teasing questions, laughter, and community spirit at Trivia with Heart, a special event supporting Special Olympics Maine! Co-hosted by Five County CU and Mt. Ararat High School, this exciting trivia night combines fun and philanthropy, all in support of an incredible cause.
Legislature Seeks to Reinstate the “Free House” Rule
Today at 9:30 am, the Judiciary Committee will review LD 1444, An Act to Prevent Foreclosures Without Strict Compliance with Notice Requirements. The bill, sponsored by Senator Anne Carney would reinstate “strict compliance” with notice requirements regarding foreclosure. This rule was known as the “free house” rule in Maine since having any error in the notice and procedure process resulted in mortgages under foreclosure being effectively canceled.
House Passes Resolution to Nullify CFPB’s Overdraft Rule
The House voted 217-211 to advance its resolution of disapproval for the Consumer Financial Protection Bureau’s (CFPB) overdraft rule Wednesday. The Senate passed its version last month, and the White House has indicated President Donald Trump will sign the resolution, nullifying the rule via Congressional Review Act.
Deed Fraud: What It Is and How to Protect Yourself
This edition of the Financial Literacy Blog covers what deed fraud is, how to protect your information, and what to do if you fall victim to this type of fraud. The Boston Division of the Federal Bureau of Investigation (FBI) alerted the public on April 1 to be cautious of deed fraud, as it is on the rise in the world of scams. This article is great to share with members to ensure they know what to look for and how to stay safe.
In the News: Central Maine Students Learn to Properly Budget Future Expenses
WABI-TV was at Cony High School on Tuesday during the KV Chapter of Credit Union’s Financial Fitness Fair. The event was enthusiastically staffed by credit union employees from across the region and showcased the benefits of teaching young adults how to manage their finances.