Despite last weekend’s winter storm, Maine Highlands FCU hosted 81 members at Big Moose Mountain in Greenville for their Members Ski Free Day on March 4.

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The National Credit Union Foundation helped credit unions navigate the modern-day challenges of growing membership, managing risk, retaining talent, and developing a mission-driven culture in 2022, according to an Impact Report published late last week.

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CUSO Home Lending and Business Lending Solutions will be offering a one-day Residential and Business Lending Expo on April 11 in Falmouth. The Expo will feature breakout sessions, networking opportunities, and dynamic speakers including Dale Vermillion, a well-known trainer with 35 years of experience in the mortgage industry.

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Join the Global Women’s Leadership Network’s Maine Sister Society for a special event, Understanding Bias and Prejudice: Bringing the Unconscious Conscious, taking place at Central Maine Community College in Auburn on March 23 from 1:30 pm – 4:00 pm.

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Mainebiz profiles Town & County FCU’s new partnership with House of Languages to offer translation services via on-demand phone and video, as well as in-person appointments.

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Topics in this week’s InfoSight newsletter include:

• Deeper Dive Into NCUA’s 2023 Supervisory Priorities
• CFPB Publishes New Findings on Financial Profiles of Buy Now, Pay Later Borrowers
• CFPB Announces Appointments of New Advisory Committee Members
• NCUA – Permissible Loan Interest Rate Ceiling Extended

InfoSight is FREE to League CU employees as a benefit to membership and provides state and federal compliance and operations resources.

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This week, representatives from 20 different Maine credit unions were in Washington, DC, for the Credit Union National Association’s Governmental Affairs Conference (GAC). This important event provided a critical opportunity for credit unions and league partners to network with each other and advance the credit union movement through the power of advocacy.  

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February was an exciting month for the League and Maine’s credit unions. Notably, we announced the collective success of our fundraising efforts to end hunger—reaching $1 million for the first time! Several credit unions announced and/or held annual meetings, and all contributed in meaningful ways to uplift their communities. The League provides a look at what some of our credit unions were up to last month.

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National Consumer Protection Week kicks off Sunday and runs through March 11. The week is designed to help people learn how to spot, report, and avoid scams. Given the increase in fraud we’ve seen in Maine recently, now is the perfect time to educate your members and encourage them to make better informed decisions.

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The League is pleased to announce it is offering a new course for credit union professionals. Credit Union Philosophy & Values will teach attendees about the history and social purpose of co-ops and credit unions.

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The Financial Crimes Enforcement Network (FinCEN) has issued an alert to financial institutions on what it said is a nationwide surge in check fraud schemes targeting the U.S. Mail. According to FinCEN, criminals have been increasingly targeting the U.S. Mail and United States Postal Service mail carriers since the COVID-19 pandemic to commit check fraud.

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The Maine Credit Union Marketing Council will be hosting an in-person, half-day workshop on April 4, from 8:30 am – 1:00 pm at the Credit Union Service Center in Westbrook. Jeff Rendel, President of Rising Above Enterprises, and John Paglio, Digital Marketing Manager at flyte new media, will facilitate sessions covering the evolution of marketing and a deeper dive into GA4.

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