With the holiday season upon us, the Campaign for Ending Hunger Holiday Meals for Mainers initiative is officially underway for 2024. Running from now until December 26, this effort encourages people to provide the gift of a holiday meal to someone in need during this season of giving. Raising critical funds for those struggling with the harsh realities of food insecurity also offers the opportunity to simultaneously generate awareness about hunger and the difficulties many individuals and families face due to limited resources. 

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Our League extends our best wishes to you and your family for a very happy Thanksgiving. Due to the holiday, we will not be distributing Weekly Update next week.

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Last week, multiple news outlets reported about an East Machias man that was arrested for robbery and for trying to pass counterfeit money. According to these news sources, approximately $3,800 in fake $20 and $100 bills were seized. These bills contained “For Motion Picture Purposes” on them.

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The holiday season is upon us, and with that comes ample opportunities for showing the special people in our lives that we are thinking about them. The Financial Literacy Blog shares tips and tricks for making the most of the holidays and ensuring you are maintaining a path to financial well-being.

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Is your credit union leveraging the resources found on InfoSight? If you aren’t, you should! A snapshot of the topics available in this week’s InfoSight newsletter are below.

• New Compliance Video
• For Veterans Day, Share How to Spot and Avoid Scams
• CFPB Report Details Carveouts for Financial Institutions in State Data Privacy Laws
• CFPB Survey Reveals Impacts of Student Loan Debt Relief and Repayment Challenges

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.

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The results are in! OTIS FCU hosted their first annual Cornhole Tournament for Ending Hunger on Sunday, October 6 at Boondocks Farm in Canton, and they are thrilled to announce the fundraiser was a great success. In total, thanks to the support of attendees, staff, and area businesses, the credit union raised $3,655 for local food pantries. 

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Maine Family FCU proudly announced the success of its recent “Strapped for Cash” fundraiser, held on November 1 to support the Campaign for Ending Hunger. During this one-day event, credit union employees took turns being “strapped” to a chair for 60-minute increments, encouraging members to donate towards this critical cause. Over the course of eight hours, the credit union raised an impressive $1,085.

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With only a few weeks left to the calendar year, League team members will provide a brief summary of the 2024 Impact Report at a Town Hall scheduled on Friday, November 22 at 1:00 pm. The report, which will be mailed to credit unions in December, highlights our movement’s collective success and showcases the many ways the League partners with credit unions throughout the year.

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Acadia FCU is excited to announce the addition of Michael C. Borman as the new Vice President of Lending. Borman joined the credit union’s team last month, bringing with him over 25 years of extensive experience in the financial services industry.

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Midcoast FCU is incredibly proud to celebrate the dedication and hard work of its loan officers, who went above and beyond during the CU Insurance Solutions “CU Give Back” GAP Challenge. Through their unwavering commitment to protecting the credit union’s members, they not only provided valuable GAP coverage but also earned $4,500 to pay it forward to the community.

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Maine Savings FCU is proud to announce the promotion of Cole Clement to Vice President of Marketing Strategy. Since joining Maine Savings in November of 2021 as Marketing Strategy Director, Clement has been instrumental in advancing the organization’s mission of delivering superior financial services and helping members find a better path forward.

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Maine State CU announces the recognition of eight outstanding employees nominated by their peers for setting an exemplary standard of excellence. These individuals were honored with awards at the annual Maine State CU Employee Banquet, acknowledging their exceptional contributions to the organization and its members.

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