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ACU Compliance Blog: Nullified and Vacated
America’s Credit Unions’ Compliance Blog discusses the regulatory rollback of two key rules: overdraft lending and credit card penalty fees.
HRCU Strengthens Leadership Team with Key Promotions
HRCU has announced it has promoted James Auger to Assistant Vice President (AVP) of Special Accounts, Chris Maxwell to Assistant Vice President (AVP) of Human Resources, and Sydney Albee to Director of Marketing.
Women’s Credit Union Network of Maine Event
Join the Women’s Credit Union Network of Maine on May 6 in Bangor for a powerful day of learning, connection, and practical strategies designed to help you communicate more effectively in every area of your work. Whether you’re engaging with members, leading a team, or representing your credit union in the community, this session will equip you with real-world tools and fresh insight.
Bridges Out of Poverty Training
Your credit union can participate in an engaging, day-long training on May 29 that will explore proven concepts, strategies, and approaches to prevent, reduce, and alleviate poverty. Designed specifically for credit union professionals, this session will provide insights into the hidden rules of economic class and the challenges faced by those in poverty, while also offering practical tools to strengthen member relationships, improve employee engagement, and enhance financial outcomes.
Youth Financial Education Is About A Lot More than Money
The April 15 edition of the Bangor Daily News featured commentary from David Libby, President and CEO of Town & Country FCU, who highlighted the importance of teaching young people about making well-informed financial decisions. The commentary promotes the benefits of fostering financial literacy at an early age to prepare the next generation for long-term financial stability.
Early-Bird Registration for Synergent Connect Opens April 28
Get ready to register! Synergent Connect 2025 early-bird registration will open on April 28. Gather your team and register at the discounted rate of $369/attendee. Featured speakers will include Jennifer Golbeck (Computer Scientist, Author, and Professor at the University of Maryland), James Robert Lay (Digital Anthropologist and CEO of the Digital Growth Institute), and Al Dominick (Partner at Cornerstone Advisors).
Brewer FCU Celebrates 65 Years with Special Donation
On Friday, April 18, Brewer FCU held its 65th Annual Meeting and as part of the celebration, the credit union presented CHEFS food pantry with a donation to help it continue feeding people in need in the community. Brewer FCU raised $7,800 in 2024 for the Campaign for Ending Hunger and dedicated their entire proceeds to CHEFS. This donation is one of the largest the pantry has ever received.
Emergency Funding Relief for Good Shepherd Food Bank Update and Deadline
Credit unions are stepping in to support our friends at Good Shepherd Food Bank, and the response to our emergency funding request has exceeded all expectations! If you haven’t yet pledged a donation to support this effort, there’s still time to contribute. The League kindly requests that all funding commitments be made by April 30.
A Message from Elise Baldacci: Elevating Our Impact
League President Elise Baldacci provides a timely update on our Good Shepherd Food Bank emergency fundraising effort, Credit Union Youth Month, and the League’s Annual Meeting and Convention, which is happening in just a few weeks!
Changes at NCUA
On Wednesday, it was announced that National Credit Union Administration (NCUA) Board Members Todd Harper and Tanya Otsuka have been removed from their positions. While Board Member Kyle S. Hauptman remains in his role, these sudden developments leave our industry facing a period of uncertainty regarding the future of the NCUA and its impact on credit unions in Maine and nationwide.
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.