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CUES’ Program for Emerging Leaders Now Accepting Applications
CUES® Emerge is now accepting applications for the 2023 cohort. The program combines online learning, peer collaboration, and an exciting competition component where participants will develop a business case to drive innovative ideas in their credit union and communities.
New Chairman of Subcommittee on Financial Institutions Supports Cannabis Banking
Representative Andy Barr (R-KY) was chosen to lead the subcommittee previously known as the Subcommittee on Consumer Protection and Financial Institutions. As Chairman, Barr’s jurisdiction will extend to oversight of financial regulators, including the NCUA, the CFPB, and the Federal Reserve. In 2019, he added amendments to the SAFE Banking Act that would extend the safe-harbors provided to cannabis businesses to hemp and CBD businesses as well.
Maine State CU Collects Socks for Erskine Academy Student
In less than 48 hours, Maine State CU employees collected nearly 700 pairs of socks to donate to area homeless shelters in memory of Erskine Academy student Rémy Joel Pettengill. Rémy, 17, died unexpectedly earlier this month.
Most Applications Ever Received for Crash the CUNA GAC
The 2023 GAC Crashers have been announced and tapped from the largest applicant pool of credit union rising leaders in the program’s 14-year history. Congratulations to Ryan Hawes, VP of Branch Operations at Midcoast FCU, for being selected to represent Maine at this special event.
InfoSight eNewsletter
Topics in this week’s InfoSight newsletter include:
- Are You Signed Up to Receive FinCEN Notifications?
- Annual Threshold Updates
- Compliance Resolution: Get the Board on Board
- News and Alerts
InfoSight is FREE to League CU employees as a benefit to membership and provides state and federal compliance and operations resources. Click here to request an account login.
Maine Credit Union Marketing Council Sets Date for First Workshop
The Maine Credit Union Marketing Council will host a virtual lunch and learn session on February 8, 2023, from 12:00 – 1:00 pm, featuring Hilary Reed, CEO of EmpowerFi™. She will facilitate a discussion that will help credit unions successfully market to Gen Z.
Be Aware of the Signs of Social Engineering Fraud
Fraud can happen at any time at any place. To ensure we are doing our part to help your credit union and your members prevent fraud, the League is providing an update on a social engineering scheme that has come to our attention. We encourage you to share what is transpiring with your staff and members to keep them on alert.
Ending Hunger as an Outcome of Financial Education
Last week, the Maine Credit Union League partnered with MaineHealth in offering a financial education workshop at Franklin Memorial Hospital’s food pantry. The event was open to those enrolled in MaineHealth’s Food as Medicine program, which supports individuals with one or more chronic health conditions who have limited access to healthy food.
2023 Forecast: As Rates Surge, Credit Unions See Niche in ‘Affordable Financing Options’
League President/CEO Todd Mason shares his 2023 outlook for credit unions in this article featured in Mainebiz.
Discovery Webinar Series: Lessons of Generation Flux
Sign up today for CUNA Mutual Group’s upcoming Discovery™ Webinar Series on February 8. Strategic Adviser Bob Safian will offer participants a framework for addressing today’s unprecedented times using a mindset he calls “Generation Flux.”
TruChoice FCU Concludes a Successful Season of Giving
TruChoice FCU concluded its season of giving with donations to four local organizations. The donations were made possible through the credit union’s Social Responsibility Fund.
The County FCU Hires New Old Town Branch Manager
The County FCU is pleased to announce it has hired Lisa Phillips as the new Branch Manager in Old Town. Phillips comes to the credit union with over 20 years of experience in commercial and retail banking.