Print
Checks and Balances: Maine Banks, Believers in Safety First, May Face Bumpy Ride if Turmoil Escalates
Mainebiz covers the fallout from the Silicon Valley Bank and Signature Bank closures. League President/CEO Todd Mason provides commentary for the article—noting the difference between credit unions and banks and highlighting the safety and soundness of Maine’s financial services industry.
Town & Country FCU Adds Two to its Leadership Team
Town & Country Federal Credit Union is pleased to announce the addition of two members to its executive team with the hiring of Paul Musgrove as its new Senior Vice President and Chief Financial Officer, and the promotion of Michael Jackson to the newly-created position of Senior Vice President and Chief Innovation Officer.
OTIS FCU President/CEO Participates in Read Across America Initiative
Throughout the month of March, Community Concepts Early Learning Center in Jay invited local businesses to read to children at their center to commemorate Read Across America. On March 28, Chris Bouchard, President/CEO at OTIS FCU, spent time in the classroom reading Green Eggs and Ham, Cat in the Hat, and Row, Row, Row Your Boat to some enthusiastic 4-year-olds.
InfoSight eNewsletter
Topics in this week’s InfoSight newsletter include:
- Account Insurance Estimator Webinars – April 4 and 6
- CFPB Issues Determination that State Disclosure Laws on Business Lending Are Consistent with the Truth in Lending Act
- FinCEN Issues Initial Beneficial Ownership Information Reporting Guidance
- NCUA to Host Share Insurance Webinar on April 13
InfoSight is FREE to League credit union employees as a benefit to membership and provides state and federal compliance and operations resources.
The Four Keys to Credit Union Success
Having solid systems in place is core to any successful business. Equally important is the constant support these systems receive to stay up-to-date, agile, collaborative, and in-line with customer needs. In this article, Gerry Singleton, Vice President – CU System Relations for CUNA Mutual Group, discuss four key areas credit unions should be focused on this year to advance the credit union movement and ensure a strong future for the industry.
Three Chances to Learn About Callahan & Associates' New Peer Suite
Callahan & Associates recently launched a new analytics tool known as Peer Suite. To better familiarize your credit union with Peer Suite, Callahan’s is offering three opportunities in April to learn more about the platform.
Card & Chip Shortages: What You Need to Know
There is currently a chip shortage that is significantly extending the time it takes for members to receive a new credit or debit card. What used to take days now can take weeks or months because of the shortage. This can be overcome by taking inventory of your plastics stock and placing orders to restock earlier than usual, as well as considering alternatives such as Print On Demand or the Card Collection Plastic Series, both of which are available as contactless programs.
Maine State CU to Donate $20,000 to Charities Across Maine
Maine State CU has committed to donating $20,000 to charities in the eight counties it serves through its Drive for Good Campaign. This program allows credit union members to donate $25 to a local non-profit when they finance an auto, truck, or motorcycle loan through Maine State CU in 2023.
Maine Savings FCU Brings Country Music and Ending Hunger Together
Maine Savings FCU is hosting a charity auction for a pair of tickets to see Chris Stapleton in concert at the Maine Savings Amphitheater in Bangor on July 7. The winning bidder will receive two seats in a premium box, premium parking adjacent to the venue, table service for food and drinks, and access to a backstage lounge with private bar and bathroom.
Maine Legislature Recognizes April as National Financial Capability Month
Tomorrow marks the beginning of a new month that will be focused on promoting financial education. To commemorate the occasion, the Maine Legislature on Tuesday passed a Joint Resolution declaring April Financial Capability Month. The resolution was sponsored by Senator Matt Pouliot.
Spring Gets Us One Step Closer to the Ending Hunger Convention Golf Tournament and Online Auction
It’s not too late! Coinciding with Convention, the League is still collecting items for our online auction to benefit the Campaign for Ending Hunger. There also are a handful of sponsorship opportunities available for our May Ending Hunger Golf Tournament. Participating in the auction and/or golf event is a great way to show your strong support for ending hunger in our state.
Stand Against Racism Conference Happening Next Month in Lewiston
On April 27, the YWCA is hosting a Stand Against Racism conference and fundraiser at the Lewiston-Auburn College at the University of Southern Maine. Rose Barboza, Founder and Executive Director of Black Owned Maine, will provide the event’s keynote. Breakout sessions, networking, and an awards ceremony will be incorporated into the day’s programming.