Worldwide Foundation for Credit Unions’ Global Women’s Leadership Network (GWLN) is encouraging industry women to apply for its 2023 GWLN Scholarship to take advantage of expanded, year-long virtual learning.

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Periodically, the League will feature one of our dedicated staff members in an effort to help you get to know the people working in support of your credit union team. In this edition of Weekly Update, we highlight Cheryl Lancaster, Chief Strategy Officer. She has selflessly devoted her career to the Maine Credit Union League and Synergent for the past 33 years.

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It is hard to believe the League’s 85^th Annual Convention is a few months away! Not only are we looking forward to coming together with our credit unions to learn and collaborate, we also will take time to recognize those exceptional individuals who make working in the People Helping People industry so special! We hope you will consider nominating a deserving colleague or volunteer who you believe is making a difference in Maine’s credit union movement.

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This CUCollaborate article highlights how credit union trade group officials are responding to President Biden’s characterization of “junk fees” during his State of the Union address earlier this week.

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Topics in this week’s InfoSight newsletter include:

• Resources for SAS Credit Unions
• NCUA: Change to HMDA’s Closed-End Loan Reporting Threshold
• NCUA: Expansion of Permissible CUSO Activities and Associated Risks
• WOCCU: Credit Unions as the Catalyst for Rebuilding

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

COMPLIANCE REMINDER: The monthly League Fraud and Compliance call with credit unions is taking place on February 15. Register here to attend.

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The League joins OTIS FCU in mourning the passing of longtime employee Nancy Blodgett. Nancy’s career was dedicated to credit union service. Retiring in 2015 as Vice President, Nancy served at the credit union for 37 years. Before she retired, she received the prestigious Jeannette G. Morin Award, an honor given to an outstanding credit union employee.

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We are pleased to announce that Maine Credit Unions’ Campaign for Ending Hunger is now participating in the Shaw’s Giving Tag Program. This fundraiser makes it easy for Shaw’s customers to contribute to their communities by supporting their favorite local cause through the purchase of a reusable shopping bag.

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The League is excited to join our colleagues at the Cooperative Credit Union Association (CCUA) to co-host a Young Professionals Summit in Portsmouth, New Hampshire, on May 4. The event will bring together credit union professionals under the age of 40 from Maine, New Hampshire, Massachusetts, Delaware, and Rhode Island.

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In advance of the Ending Hunger Celebration event taking place next week, Jen Burke, the League’s AVP of Communication and Outreach, offers her perspective on our shared goal to end hunger in Maine by 2030.

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For members at TruChoice FCU, donating to local causes is as easy as using their card. Thanks to the credit union’s TruHero credit card, the Children’s Miracle Network and the McAuley Residence have benefited from donations generated by members for using their card.

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Credit unions continue to fulfill their mission through extremely favorable auto lending interest rates, according to CUNA’s inaugural Credit Union Auto Lending Monthly Report.

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Spare change truly adds up when the fees collected throughout the year from NorState FCU’s coin sorter machines are totaled and donated to worthy charities. In 2022, $6,000 was collected and donated to Angel Flight NE and Patient AirLift Services (PALS).

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