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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.
April Town Hall to Feature TruStage Chief Economist Steven Rick
The League is pleased to welcome back Steve Rick, Director and Chief Economist at TruStage™, as the facilitator of our April Town Hall. This virtual event will take place on Thursday, April 3 at 1:00 pm. Rick will highlight what he sees on the horizon for credit unions and offer his thoughts on the the economy.
InfoSight eNewsletter and Future Changes for Communications
This will be the last month League InfoSight sends out their weekly InfoSight eNewsletter. As exciting new changes approach for League InfoSight, their team will distribute a new InfoSight360 newsletter on a monthly basis (similar to what they do now for CU PolicyPro and RecoveryPro). This communication will focus on best practices for using InfoSight360, content updates, training materials, and system updates. The advanced InfoSight360 platform—launching later this quarter—will simplify how credit unions manage compliance, policies, and business continuity planning.
Content in this week’s newsletter includes:
- CFPB Effective Dates and Confusion
- Hauptman Announces Changes to NCUA’s Overdraft/NSF Fee Collection
- NCUA Chairman Kyle S. Hauptman Board Meeting Opening Remarks
- Welcome to National Consumer Protection Week (NCPW) 2025
Campaign for Ending Hunger Shines at Herb Wegner Memorial Awards Ceremony
The red carpet was rolled out in Washington, DC, on Monday evening as over 1,000 credit union industry representatives filled the ballroom at the Marriott Marquis Hotel for the National Credit Union’s Foundation’s 2025 Herb Wegner Memorial Awards. This prestigious event honors individuals and organizations who are making extraordinary contributions to improve financial well-being. Maine Credit Unions’ Campaign for Ending Hunger was one of this year’s four honorees.
CU News & Events - February Edition
Amidst celebrations for Valentine’s Day, ending hunger in communities across Maine, financial education and wellness, and much more, our League’s credit unions spread the love this February. In this article, we offer an inside look at what some of our credit unions did with and for their communities in the last month.
Connected CU Now Accepting Scholarship Applications
Connected CU has announced that applications for its 2025 Scholarship Program are now available. The credit union will award four scholarships of $1,000 each to eligible members pursuing a post-secondary education or a graduate degree at an accredited college, university, or technical school.
TruStage Shares Two Dates to Hold on Your Calendars
Schedules fill up fast! That’s why TruStage™ is sharing dates now for two upcoming events your credit union won’t want to miss. On April 2, TruStage will host a Discovery Series Webinar, Protecting the Credit Union Tax Exemption. The next Fintech Forum Webinar will be held on May 7. Event details and registration will be available in April.
Lisbon Community FCU Donates $1,500 to Bowdoin Community Cares Association
Lisbon Community FCU proudly donated $1,500 to Bowdoin Community Cares Association to support the purchase of an electric vehicle (EV) fire suppression blanket for the Bowdoin Fire Department. This essential safety equipment will help first responders manage electric vehicle fires more effectively, enhancing safety for both emergency personnel and the community.