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Good news for Maine CUs! NCUA to distribute share insurance distribution payments next week
“This represents a significant victory for our credit unions, and is the result of a true 360 degree advocacy effort by your League, CUNA, and credit unions. Last year, we strongly advocated to the NCUA to close the stabilization fund in 2017, and to have those funds distributed in 2018. Additionally, our encouragement led to a number of Maine CUs sending comments to the NCUA in support of this plan, as well,” remarked Todd Mason, President/CEO of the Maine CU League, about the announcement this week by the NCUA that it would be distributing payments from the stabilization fund next week.
Maine CU League to launch League Advocate Newsletter
Coming to your inbox! Make sure your email is on the distribution list for the newest League publication, The League Advocate.
The League is excited to launch a new publication – The League Advocate – which will deliver important regulatory, compliance and governmental affairs news directly to your inbox.
Behind the Tab: Compliance
What’s behind the Compliance Tab on the League’s website at www.mainecul.org? Let’s find out.
In our on-going series highlighting various tabs and navigation tools offered through the Maine CU League’s new website, this week we click on another Tab on the navigation bar: Compliance.
League welcomes NCUA's update on S. 2155 HMDA changes
Responding, in part, due to a request from the credit union industry including CUNA and leagues, NCUA issued information recently on changes to Home Mortgage Disclosure Act (HMDA) reporting required by the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155).
Maine CUs dominate Forbes list of 'Best In State'
When Forbes magazine released its list of the country’s “best-in-state” financial institutions, credit unions were the clear winners in Maine. Of the four Maine financial institutions on the first-ever list, three were credit unions.
Go 'All In' for CUNA Councils! This week's profile: Lending Council
In conjunction with the Credit Union National Association’s (CUNA) 2018 All In Campaign to encourage credit unions from across the country, including Maine, to sign up at least one CU professional for each CUNA Council, your League will be spotlighting a different CUNA Council each week. CUNA Councils provide a perfect complement to your League’s Councils, with one more focused on specific state issues and the other more focused on a national perspective. Credit unions that are represented in all seven CUNA Councils by August 17, 2018, will be entered to win a choice of two prizes, valued up to $10,000. This week, we shine the spotlight on the CUNA Lending Council.
League encourages reporting information to NYIB
Are you, or someone at your credit union, conducting financial education presentations in classrooms, or partnering communities? If so, you should be reporting your numbers to the National Youth Involvement Board!
Are your consumer, commercial, and real estate lending practices safe, sound, and compliant? Join us to find out!
Join this session on Thursday, July 19, from 3:00 PM to 4:30 PM, for a walk-through of examiners’ expectations that you can compare to your loan review process, ensuring that your financial institution’s consumer, commercial, and real estate lending practices are safe, sound, and compliant.
Webinar to cover all aspects of the consumer loan and collection process including workouts, forbearance, restructuring and more
This webinar on Wednesday, July 18, from 3:00 PM to 4:30 PM, will explain all aspects of the consumer collection process, including collection letters, default notices, right-to-cure notices, workouts, forbearance, restructurings, and set-off on deposit accounts.
Marketing webinar series to tackle developing, maintaining and sustaining brand loyalty
Financial institutions offer many of the same products and services to their account-holders. So, how do you differentiate yourself and maintain member loyalty once you earn their business? This webinar on Tuesday, July 17, from 3:00 PM to 4:30 PM, will address the current landscape of the financial industry and how it has altered consumers’ brand experience.
Join us to learn the seven steps for effective and compliant management of e-business records
Don’t leave record management to chance. Join us on Monday, July 16, from 3:00 PM to 4:30 PM, to learn a seven-step strategy for the effective, compliant management of e-business records.
Media turns to League, Maine CUs as a resource for story on branch security
Evergreen CU’s President/CEO, Jason Lindstrom, pauses as he prepares to discuss branch security during an interview that was facilitated by your League and aired on Newscenter Maine.
With a rash of robberies occurring in recent weeks and months at financial institutions in various parts of Maine, Newscenter Maine contacted your League seeking insight on some of the new technology being implemented in the financial services industry to increase branch security. The inquiry came after the latest robbery took place this week at a Key Bank branch in Waterville, and the robber was caught a short time later using GPS technology.