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Fraud Scheme Targets Mainers with Fake Arrest Warrant
Imagine receiving a letter in the mail from what appears to be a local law enforcement agency claiming that you have been accused of a felony and have failed to appear in court. The letter, which on quick glance looks legitimate, can cause significant alarm. While this may seem like a scenario that wouldn’t impact you, think again! Mainers are receiving faulty notification letters like these. It is important to be mindful of this scam and warn your members about it as well.
Election Results and the CU Movement
Endorsements are a cornerstone of the League’s advocacy approach. Following Tuesday’s general election, we can now report the results of both local and federal races. While four races have not been posted by the Maine House of Representatives and some recounts are expected, we are proud to report that based on the current results, we have a 94.5% win rate for candidates endorsed by the Maine Credit Union League.
New League Board Structure and Election Procedures
The League and Synergent are governed by a democratically-elected Board of Directors whose function is to ensure the organizations’ initiatives serve the needs of the credit union community at large. In 2025, Board Director elections will commence under a new structure. If you’re an existing or aspiring Board Director, read on to learn more and find out how you can throw your name in the proverbial hat for consideration.
NCUA’s Financial Technology Office Hours Now Open for Self-Scheduling
Credit union representatives, financial technology companies, and credit union associations can schedule time to speak with Amanda Arias and Steven Winkeljohn from the NCUA’s Office of Financial Technology and Access next week. To reserve a time, you can sign up online.
InfoSight eNewsletter
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.
- Budget Planning: Prioritizing Business Continuity
- The Consumer Financial Protection Bureau Takes Action
- Consumer Compliance Outlook: Third Issue 2024
- Federal Trade Commission News
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.
$100,000 Ending Hunger Challenge Surpasses Collective Fundraising Goal
When faced with a challenge, credit unions always rise to the occasion. This October, the Campaign for Ending Hunger set out with an ambitious goal: raise $100,000 in 31 days to support local food pantries, Good Shepherd Food Bank, meal sites, and a new hunger relief initiative with Special Olympics Maine. With support from their members and volunteers, credit unions accepted this challenge in a big way!
Maine Savings FCU to Open New Branch on Stillwater Avenue in Bangor
Maine Savings FCU is thrilled to announce the opening of its twelfth branch, strategically located at 878 Stillwater Avenue in Bangor, adjacent to the entrance of the Walmart on Stillwater Avenue. This location will be the third Maine Savings FCU branch in Bangor, underscoring the credit union’s dedication to expanding services and supporting the financial well-being of communities across Maine.
Join the Women’s Credit Union Network of Maine at Their December Event
Join the Women’s Leadership Conference on December 9 in Freeport for a transformative experience led by motivational speaker Trinity Baker. This impactful conference will include three dynamic sessions to explore the power of your purpose, unleashing the leader in you, and embracing the unique strengths women bring to the workplace.
World Council of Credit Unions to Host Webinar on Housing Affordability
The World Council of Credit Unions is hosting a virtual event, Housing Affordability and Credit Unions – Lessons from Canada to the World, on November 14 at 10:00 am. Your credit union can register to attend this free online event to explore the innovative strategies and partnership opportunities that Canadian credit unions are embarking upon to address rapid increases in home prices.
Mitigating Loan Delinquencies, Protecting Members, and Strengthening CU Resilience with Embedded Payment Protection Insurance
In this article written by Danielle Sesko, Director of Product Management at TruStage™, she discusses why an embedded payment protection insurance strategy helps both credit unions and their members.
Seaboard FCU “Pies a Manager” to Help End Hunger
Seaboard FCU always is looking for fun and creative ways to raise money for the Campaign for Ending Hunger, but their latest effort takes the cake, or should we say, the pie!
Elise Baldacci Pens Article for CUInsight: Promoting Cybersecurity and Fraud Prevention Should Happen All Year Long
An article authored by League President Elise Baldacci is featured in the October 31 edition of CUInsight. Her commentary discusses the importance of promoting online safety during Cyber Security Awareness Month and all year long to protect members from fraud.