Earlier this week, the League was contacted by the U.S. Secret Service with a request concerning the state unemployment fraud investigation. Credit unions can help the U.S. Attorney’s Office track suspected unemployment fraud through their SARs reports.

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COVID-19 has put financial institutions under stress. One significant risk is how the current environment has impacted your loan portfolio. James Bullard, Senior Risk Consultant at CUNA Mutual Group, explores this topic in a new blog post.

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For the third year in a row, Forbes partnered with market research firm Statista to produce its list of the “Best Credit Unions In Each State.” Nearly 25,000 customers in the U.S. were surveyed for their opinions on their current and former banking relationships.

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Jake Holmes, the League’s Financial Literacy & Outreach Coordinator, examines the pros and cons of paying off medical debt with a credit card in the latest Maine Credit Unions Financial Literacy Blog.

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Credit Union Journal examines Kyle Hauptman, President Trump’s nominee for the National Credit Union Administration Board. The article includes commentary from League President/CEO Todd Mason.

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The deadline to apply for a Paycheck Protection Program loan is approaching. Money is still available, but loan applications must be submitted by June 30.

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To post or remove a position, please email Jen Burke at jburke@mainecul.org.

Lending

• New: Loan Processor – Community CU, Lewiston
• Commercial Loan Officer – Atlantic FCU, South Portland
• Consumer Loan Processor & Quality Control – PeoplesChoice CU, Saco
• Mortgage Loan Officer – Midcoast FCU, Bath

Management

• Assistant Branch Manager – Maine Savings FCU, Bangor
• Branch Manager – Community CU, Turner
• AVP – Controller – Northeast CU, Portsmouth, NH

Member Services

• New: Member Service Representative – Acadia FCU, Bangor
• New: Support Center Supervisor – Acadia FCU, Fort Kent
• New: Administrative Assistant – Acadia FCU, Fort Kent
• New: Support Specialist – Acadia FCU, Fort Kent
• Accountant – Cumberland County FCU, Falmouth
• Teller – Connected CU, Augusta
• Teller – Northeast CU, Biddeford
• Member Service Representative, Northeast CU, Biddeford
• Teller – Bangor Federal Credit Union, Bangor
• Financial Accounting Manager – Northeast CU, Portsmouth, NH
• Risk Management Specialist – Northeast CU, Portsmouth, NH
• Member Service Representative – Northeast CU, Saco
• Member Representative – Community CU, Lewiston

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OTIS FCU is pleased to announce that it has awarded five $500 scholarships to local high school graduates. The credit union has been providing scholarships to area graduates since 2015.

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On June 23, representatives from the Mid-Maine Chamber of Commerce, Central Maine Growth Council, City of Waterville, and Bowman Construction joined New Dimensions FCU’s Board of Directors and employees at a ribbon cutting ceremony at its new location on Silver Street in Waterville.

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The merger of Connected CU and Winslow Community FCU has been approved by the National Credit Union Administration and the Maine Bureau of Financial Institutions.

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Despite the hardships of social distancing, COVID-19, and the weather, the Maine State CU’s annual Feed ME 5k raised over $40,000 – money which will provide 160,000 meals to local families.

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The League joins Trademark FCU in mourning the passing of longtime Board member John George. We extend our condolences to John’s friends and family, including his credit union family at Trademark.

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