October 1 marked the official launch of our $100,000 Ending Hunger Challenge! Has your credit union pledged a donation and/or do you have a fundraising event in the works? Thirty-one days is not a lot of time to reach such an ambitious goal, but through the power of collaboration and cooperation, credit unions, the League, and Synergent will undoubtedly rise to the occasion to meet this target.

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The annual United in Sustainability Summit was established in 2018 to serve as a platform for credit unions and industry thought leaders to share information, tools, and resources related to sustainability, diversity, and corporate social responsibility. Registration for this year’s event, taking place in hybrid format from the United Nations’ headquarters later this month, is open!

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Jim Lemieux, President of Sebasticook Valley FCU, authored an editorial that was published in the September 25 edition of the Bangor Daily News outlining tactics scammers are using to exploit innocent consumers. He also provides tips to identify scams.

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Today’s consumers are increasingly at risk for fraud. Sophisticated scammers are taking advantage of every opportunity they can leverage to trick people into sharing information, money, or both. That’s why it is important for credit unions to make the most out of awareness campaigns like October’s Cybersecurity Awareness Month to educate members about how they can increase their online security.

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On October 25, 2023, our hearts were shattered when a gunman opened fire at Just-In-Time Recreation and Schemengees Bar & Grille in Lewiston, killing 18 innocent people. As we collectively approach the one-year anniversary of this horrific tragedy, Community CU is asking credit unions, the League, and Synergent to consider joining them in honoring the victims and their families.

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America’s Credit Unions examines how a federal credit union can replace a board member when they leave duty due to retirement, sickness, or removal based on membership vote. This timely blog also outlines how many board members should be present when voting to fill a vacancy.

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On Monday, September 30, after 42 exceptional years and on his work anniversary at Tricorp FCU, Steve Roy will retire as President/CEO. We hope you will join our League in wishing Steve a happy, healthy, and well-deserved retirement.

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The County FCU is pleased to announce the promotions of several long-time staff: Dennis Rogeski, Tess Greene, and Carla Cambridge. Rogeski was promoted to Vice President of Lending; Greene was promoted to Assistant Vice President – Branch Manager of Old Town; and Cambridge was promoted to Assistant Vice President – Branch Manager of Presque Isle.

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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.

• CFPB Proposes Narrow Amendment to Remittance Transfer Disclosure Requirements
• Board Approves Final Rules on Fair Hiring in Banking and Simplification of Share Insurance for Trust Accounts
• Member Fraud Information
• CFPB Report Highlights Challenges Facing Servicemembers and Veterans with Student Loans

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 League was pleased to host the 2024 Management Roundtable at the Samoset Resort earlier this week. Credit unions from across the state were represented at the annual event which was designed to inspire, inform, and better connect colleagues with one another.

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You have one more chance this year to experience the benefits of attending the League’s Credit Union Orientation. Have you been wondering how your credit union and the League work together? Do you understand how Synergent is connected to the League? What do you know about Tricorp FCU and TruStage? This event is a great opportunity to get these and other questions answered.

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The New England Financial Executives Council (NEFEC) is excited to announce its Fall 2024 event, taking place on November 8 in Manchester, NH. The event will feature two timely topics with discussions on the evolving payments landscape and how credit union leaders can effectively oversee IT.

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