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Filling the Funding Gap: Emergency Relief Needed to Fight Hunger in Maine
Credit unions in Maine have long been a force for good—and right now, our help is urgently needed. Good Shepherd Food Bank, our dedicated partner in fighting hunger, is facing a critical shortfall in federal support. The ripple effect is already being felt, from the Food Bank to the front-line food pantries serving Maine’s communities. With demand surging and supplies dwindling, this is a moment for us to come together in the credit union spirit of People Helping People.
CFPB Will Not Prioritize Enforcement of Payday Lending Rule
On March 28, 2025, the CFPB announced that it will not prioritize enforcement or supervision actions with regard to the payday lending rule. In its press release, the CFPB said that it is further contemplating issuing a notice of proposed rulemaking that would further narrow the scope of the rule.
Maine Credit Unions Deliver Marketing That Sparkles
At a celebration in Austin, Texas on March 25, the best and brightest in credit union marketing were honored at the 2025 Diamond Awards Ceremony. Held in conjunction with America’s Credit Unions’ Marketing, PR, & Development Council Conference, the event recognized 180 outstanding marketing initiatives. Among the winners were two Maine credit unions and the Maine Credit Union League, each bringing home a coveted Diamond Award.
Downeast CU and Insurance Wraps Up Inaugural Downeast Dunkers Program, Raising Over $23,000 for Maine Schools
Downeast CU and Insurance successfully completed the first season of its Downeast Dunkers program, raising over $23,000 for five Maine schools throughout the basketball season. Participating schools included Calais Middle/High School, Machias Memorial High School, Mount View High School, Richmond Middle/High School, and Washington Academy.
Campus Event Will Pack Meals for Maine's Hungry
Many organizations across Maine join credit unions in the fight to end hunger. As food banks face financial challenges, the demand for food is only increasing. Luckily, those of us working to address hunger are not wavering—including the University of Maine (UMaine). Students there will be hosting the annual Maine Day Meal Packout on April 30 at Memorial Gym in Orono, and your credit union can support their efforts!
OTIS FCU Welcomes Melissa Sproul as Vice President of Operations
OTIS FCU is pleased to announce Melissa Sproul has been hired as its new Vice President of Operations. She will lead the credit union’s operations team through developing and overseeing the delivery of services to members, implementing key organizational strategic plans, and providing regulatory oversight.
Steve Torino Joins the League and Synergent as New CISO
The Maine Credit Union League and Synergent are pleased to announce the hiring of Steve Torino as our new Chief Information Security Officer (CISO). In his role, Torino will lead the development and execution of the Maine Credit Union League and Synergent’s security strategy, collaborating across teams to further strengthen our already robust policies, practices, and awareness.
CU News & Events - March Edition
Between attending America’s Credit Unions’ Governmental Affairs Conference, fighting fraud, hosting Financial Fitness Fairs, and supporting communities across the state, Maine’s credit unions stayed busy and engaged throughout the month of March! In this month’s article, our League provides a brief overview of what some of our credit unions were up to.
Surcharge Bill Splits Along Party Lines
This week, the League continued addressing important issues such as surcharges, financial education requirements, and paper statements. The Governmental Affairs team provides an update on their efforts to monitor and engage with bills that impact credit unions.
InfoSight360 Launches
On March 31, together with its league/association partners, League InfoSight launched InfoSight360! This interconnected system is designed to provide credit unions with a 360-degree view of all resources and information available through their league, and brings together League InfoSight’s three flagship products—InfoSight, CU PolicyPro, and RecoveryPro—into a unified platform and single sign-on.
League Trainings Coming to Bangor Later This Month
The League is bringing not one but two of its popular training programs to Bangor later this month. Take advantage of this regional opportunity to enhance your career and leadership skills by participating in one or both courses.
Building Bridges in Home Lending: Highlights from the Third Annual Residential Lending Expo
CUSO Home Lending extends its thanks to the 58 participants, sponsors, and industry experts who attended the Third Annual Residential Lending Expo on March 20 at The Woodlands in Falmouth. The event featured insightful presentations from residential industry leaders on key topics such as standing out in the residential market, economic forecasts for 2025, and innovative strategies for overcoming barriers to homeownership.