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Trademark FCU Recognized with Notable Workplace Honors
Trademark FCU has been recognized with some very special distinctions this year. In addition to being included on the Best Places to Work in Maine list, the credit union has been honored with an Inclusive Workplace award and a Best Credit Unions to Work For award.
Maine Credit Unions’ Campaign for Ending Hunger Presents Check to The Barbara Bush Children’s Hospital
Maine Credit Unions’ Campaign for Ending Hunger visited The Barbara Bush Children’s Hospital on Thursday to present a check for $14,000 to support the hospital’s efforts to assist food insecure patients and their families. The donation was made possible thanks to contributions made on behalf of the League and sixteen credit unions.
Casco FCU Renews with Synergent to Host Jack Henry’s Symitar Core Processing Solution
Synergent is pleased to announce that Casco FCU has signed a new ten-year agreement with Synergent for hosted Jack Henry™ Symitar® core processing. The credit union also agreed to a new five-year term for Synergent to deliver additional service solutions through Jack Henry, including Banno Digital Platform™ and Remote Deposit Capture.
Join Us in Westbrook Next Month for a Marketing Council Workshop
The Maine Credit Union Marketing Council will be hosting an in-person workshop on Wednesday, October 18 from 8:30 am – 2:30 pm at the Credit Union Service Center. The event will feature three industry experts: Hilary Reed, Felicia Knight, and Abbie McGilvery.
Federal Legislative Updates
With a federal shutdown looming, Senators Durbin and Marshall are threatening to oppose all government spending proposals that do not contain the Credit Card Competition Act (CCCA) as an amendment. This is the ‘Durbin 2.0’ Big Box Bailout bill that will cap interchange rates for credit cards and benefit large retailers at the expense of credit unions and consumers.
Maine Savings Fundraises for Cancer Research and Care
Maine Savings FCU employees turned out in a big way to help fight cancer. The credit union assembled a team of 68 to participate in the 2023 Champion the Cure Challenge in Brewer. The team included walkers, runners, and volunteers. Collectively, Maine Savings FCU raised $5,881.18!
Open Comment Period - Electronic Lien Titling Program
The Bureau of Motor Vehicles has made public the draft rule for the Electronic Lien Titling Program. An overview of the program was discussed during the League’s Credit Union Town Hall last month. As part of the rulemaking process, the public can provide comments concerning the Bureau’s proposal until September 29 at 5:00 pm.
Maine Family FCU Signs with CULANE
Credit Union Lending Alliance of New England (CULANE) is pleased to announce that Maine Family FCU recently signed on to their indirect lending platform. CULANE connects credit unions with members who shop at over 120 auto dealers across Maine, providing extended weekday and weekend hours.
Maine Credit Unions' Release New Statewide Awareness Advertising Focused on Employee Recruitment
The latest Statewide Awareness Campaign videos have been released across various media outlets. The theme of this round of spots is “credit union employee recruitment.” By showcasing the amazing aspects of working at a local credit union, we hope it will encourage more Mainers to enter our workforce.
Maine State CU Hosts Shred-It Day in Waterville
To help keep their members and community safe, Maine State CU recently hosted a Shred-It Day at its Waterville location. All together, Maine State CU shredded 43 bins of documents, which is approximately 258 standard household boxes worth of paper!
InfoSight and Monthly Fraud/Compliance Call Reminder
Topics in this week’s InfoSight newsletter include:
- Regulatory Alert – Member Expulsion for Cause
- FinCEN Issues Alert on Prevalent Virtual Currency Investment Scam Commonly Known as “Pig Butchering”
- Credit Union Assets, Lending, and Delinquencies Rise in 2nd Quarter
- NCUA to Distribute $76 Million Under Corporate System Resolution Program
InfoSight is FREE to League credit union employees as a benefit to membership and provides state and federal compliance and operations resources.
As a reminder, the League’s monthly Compliance and Fraud Meeting is taking place virtually next Wednesday, September 20 at 9:00 am. To join the August discussion, please register on the League’s website.
Bangor FCU Chips In to End Hunger
The sun was shining on the greens for Bangor FCU last week. On September 7, the credit union proudly hosted its 9th Annual Ending Hunger Golf Tournament at Rocky Knoll Country Club. Thanks to the generosity of credit unions, partners, vendors, and friends, Bangor FCU raised over $7,400 to support the Campaign for Ending Hunger!