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FBI Boston Warns Quit Claim Deed Fraud is on the Rise
On April 1, the Boston Division of the Federal Bureau of Investigation (FBI) issued a warning to property owners and real estate agents about the steady increase in quit claim deed fraud. These scams have resulted in devastating consequences for unsuspecting owners who had no idea their land was sold, or was in the process of being sold, right out from under them.
Dirigo FCU's Purr-suit of Giving
In a world where small acts of kindness make the biggest difference, Dirigo FCU’s Purr-suit of Giving fundraiser proved just how powerful community-driven efforts can be. With a mission to support local animal welfare organizations, their members and community rallied together to raise $1,948 to benefit three incredible, local organizations: Greater Androscoggin Humane Society, Misfits Rehab, and Responsible Pet Care of Oxford Hills.
Today is Your Last Chance to Support the Ending Hunger Golf Tournament!
In just a few short weeks, our League will be coming together with credit unions and vendors from across Maine to show Maine Credit Unions’ Campaign for Ending Hunger a whole lot of love! We are incredibly excited to tee off with our supporters again at Purpoodock Club ahead of our Annual Meeting & Convention. If your credit union is still looking for ways to get involved despite tournament play being sold out, it’s not too late! Today is the last day to show your support, with sponsorships starting as low as $250.
Exciting Changes Are Happening for League InfoSight’s Compliance Offerings
Big changes are coming for League InfoSight next week. On March 31, InfoSight is launching their new, combined product: InfoSight360. InfoSight360 will integrate InfoSight, CU PolicyPro, and RecoveryPro for a convenient single-login platform. The system will also be powered with a closed-system AI search feature, enabling users to get all the content on an issue in one place. In the coming weeks, League InfoSight will offer several trainings on the new product.
Committee Activity Marks Busy Week in Augusta
The League’s Governmental Affairs team stayed busy this week, following multiple issues and bills closely. Topics of importance include medical debt and credit reports, allowing merchants to add surcharge fees for card transactions, and engagement in work sessions surrounding both LD 880 and LD 859.
InfoSight eNewsletter
Content in this week’s newsletter includes:
- InfoSight360 Launch Update
- FinCEN Guts Beneficial Ownership Reporting Requirements Under the CTA
- Social Security Announces Cost Reduction and Enhancements Plan
- FinCEN Issues Southwest Border Geographic Targeting Order
- FinCEN Beneficial Ownership Information Reporting Requirement Revision and Deadline Extension Interim Final Rule
Colors for a Cause Is Back
The Bangor Chapter of Credit Unions is thrilled to announce the return of its Colors for a Cause 5K on May 18, along the beautiful Bangor waterfront. This vibrant, family-friendly event combines fun, fitness, and fundraising in support of Children’s Miracle Network Hospitals. Sign up today and make a difference—one colorful step at a time!
Top S&P Global Market Intelligence Ranking of Credit Unions Includes Three Based in Maine
S&P Global Market Intelligence recently released its list of the 100 Best Performing Credit Unions in the United States. Three Maine credits unions—OTIS FCU, Central Maine FCU, and Oxford FCU—were included in the 2024 ranking, which analyzes financials for the year ending on December 31, 2024.
Get Involved in Credit Union Youth Month
April 1 kicks off the start of both Credit Union Youth Month and National Financial Literacy Month, and our League looks forward to seeing all the wonderful ways Maine’s credit unions will engage with their communities! Participating in Credit Union Youth Month is a great way to exemplify why credit unions are different, serving members of all ages across the state simply because it’s the right thing to do.
NorState FCU Golf Scramble to Carry On Legacy of Support for Special Olympics Maine
NorState FCU is pleased to announce that it will be carrying on the legacy of the prestigious Cloukey Challenge, a golf tournament that has been raising funds to benefit Special Olympics athletes in Aroostook County. The tournament has long been an important event in the community, raising awareness for local athletes and their achievements.
The Countdown Is On to Elevate 2025
Have you ever wondered when planning begins for the League’s Convention and Exhibit Show, now known as Elevate? The answer might surprise you—we start as soon as the previous year’s event ends! With nearly a full year of preparation, Elevate 2025 is shaping up to be an unforgettable experience, and registration is now open.
Protect Your Financial Future at a Credit Union
For many New Americans, managing money in a new country can feel overwhelming. This edition of the Financial Literacy Blog explains how keeping money in a credit union is one of the safest and smartest financial decisions someone new to this country can make. Credit unions are encouraged to share the Financial Literacy Blog with their members.