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Aroostook Chapter of CUs Awards Scholarship
The Aroostook Chapter of CUs is proud to announce that Emma Bragg of Fort Fairfield High School is the recipient of a $1,000 scholarship. The scholarship was offered to a local high school student who attended the Chapter’s Financial Fitness Fair in November—a joint initiative organized by four participating credit unions including Acadia FCU, NorState FCU, The County FCU, and UCU.
Capital Area FCU’s Annual Bowl-a-Thon Strikes Big for Special Olympics
Capital Area FCU’s annual Bowl-a-Thon was a striking success, raising $2,545 to support Special Olympics Maine! This year, the credit union expanded the event to include the entire community—and the response was incredible. They filled the bowling alley with energy, enthusiasm, and generosity, all in support of an amazing cause.
Attend an In-Depth Session on Business Lending Portfolio Management Practices
CUSO Home Lending is pleased to partner with M&M Consulting to offer an in-depth session on business lending portfolio management practices. They are hosting this half-day session for credit unions on April 8 at the Hilton Garden Inn in Freeport from 8:30 am to 12:30 pm.
InfoSight eNewsletter
As exciting new changes approach for League InfoSight, their team will distribute a new InfoSight360 newsletter on a monthly basis. This communication will focus on best practices for using InfoSight360, content updates, training materials, system updates, etc. The advanced InfoSight360 platform—launching later this quarter—will simplify how credit unions manage compliance, policies, and business continuity planning.
In the meantime, content in this week’s newsletter includes:
- CU PolicyPro/RecoveryPro system will be unavailable from March 26 to March 30 to prepare for InfoSight360 launch
- Annual Payments on Consumer Real Estate Loans
- FTC’s Top Scams of 2024
- NCUA Fourth Quarter Data
- FinCEN Issues Southwest Border Geographic Targeting Order
The County FCU Unveils New Logo and Branding
After more than 60 years of service to its communities, The County FCU is unveiling a new logo and brand identity to better reflect its membership and evolution as a modern financial institution.
OTIS FCU Receives Two Notable Business Honors
OTIS FCU is celebrating not one—but two accolades from local business groups. The Franklin County Chamber of Commerce honored the credit union with its 2024 Business of the Year award, and the Jay-Livermore-Livermore Falls Chamber of Commerce presented OTIS with its Business of the Year award.
New League Training Will Focus on Employee Engagement
Join the League and Bill Nagle with AngleUp Consulting for a training session focused on employee engagement. This all-day workshop will take place on May 22 from 9:30 am – 4:00 pm at the Credit Union Service Center in Westbrook. Register online today and learn how you can improve individual, department, and credit union-wide performance.
Let the League Help You Spring Into Credit Union Youth Month
Throughout the month of April, credit unions will be hosting Financial Fitness Fairs, leading lesson plans in classrooms, and promoting both Credit Union Youth Month and National Financial Literacy Month. Credit Union Youth Month offers a great opportunity to engage with members and community partners in promoting financial wellness. To help your credit union connect with younger members, we invite you to join the League in celebrating this year’s theme, “A Sea of Savings.”
Dirigo FCU Extends Long-Term Partnership with Synergent
Synergent is pleased to share that Dirigo FCU has reaffirmed its commitment to Synergent’s services by signing a ten-year renewal agreement for hosted Jack Henry™ Symitar® core processing. In addition to core processing, the credit union has extended its agreements for another five years on Opening Act™, Integrated Debit Card Services, Mobile Deposit Capture, and various other services.
Lend Your Support for the Ending Hunger Online Auction
The League is now accepting donations for the upcoming online auction to support the Campaign for Ending Hunger. The auction will coincide with Elevate, running from May 1 through May 16. With your help, we can try to set a new record this year—the Campaign’s 35th year—to provide even more meals to Maine’s food insecure population.
Women Leaders Shine In the Credit Union Movement
March is Women’s History Month—a time to celebrate the remarkable achievements of women across all industries and recognize their invaluable contributions to shaping a better future. Here in Maine, we take pride in a powerful statistic: 41% of Maine’s credit unions are led by female CEOs, and the Maine Credit Union League itself is guided by a female President. This leadership reflects the strength, vision, and dedication that women bring to the credit union movement.
NCUA Releases 2024 Fourth Quarter Credit Union System Performance Data
According to the latest financial performance data released by the NCUA, total assets in federally insured credit unions rose by $52 billion over the year ending in the fourth quarter of 2024. Insured shares and deposits grew $58 billion. The delinquency rate at federally insured credit unions was 98 basis points in the fourth quarter of 2024, up 15 basis points from one year earlier.