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Take Note of Two Deadlines in the Week Ahead
A new year is officially underway, which means the League is working hard to wrap up two important credit union efforts: 2022 fundraising for Maine Credit Unions’ Campaign for Ending Hunger and credit union volunteer tracking. Deadlines are fast approaching! Have you provided the League your credit union’s information?
Arrest Made in Local Check Fraud Scheme
As the League has been reporting, we’ve seen an uptick in fraud in recent weeks, especially as it relates to check fraud. While there has been little good news to report on the fraud front as of late, a positive development occurred earlier this week.
InfoSight eNewsletter
Topics in this week’s InfoSight newsletter include:
- Board Approves NCUA 2023–2024 Budget; Issues Proposed Rule on Financial Innovation
- NCUA Releases Q3 2022 State-Level Data Report
- NCUA Webinar on the Credit Union Diversity Self-Assessment
InfoSight is FREE to League CU employees as a benefit to membership and provides state and federal compliance and operations resources. There will be no InfoSight newsletter next week or the following week due to the holidays. Click here to request an account login.
Report Your 2022 Volunteerism Efforts Before It’s Too Late
With 2023 just around the corner, now is the time to look back and reflect on all of the good you did within your community this past year. Perhaps your staff spent time volunteering at your local animal shelter, packing food at Good Shepherd Food Bank, or collecting winter wear for your neighbors in need. While you think back on your credit union’s philanthropic efforts, ask yourself, “Did we track our volunteer hours through CUs Share for ME?” There’s still time to get those hours in! It is important that the full scope of your credit union’s volunteerism is recorded.
Happy Holidays!
On behalf of the League and Synergent, we extend our warmest wishes to you and your members this holiday season. As we close out 2022, we look forward to partnering with you in the year ahead and advocating on your behalf.
Our offices will be closed on Monday, December 26, and Monday, January 2. There will be no Weekly Update circulated next week.
Synergent Welcomes Corinne Sherman as Vice President of Payment Sales and Consulting
Synergent is pleased to welcome Corinne Sherman to the Synergent family. In her role as Vice President of Sales and Consulting, she will serve existing credit union customers by offering payments consultations and education about beneficial solutions.
100% Credit Union Participation Fuels the Campaign for Ending Hunger's Success
Maine Credit Unions’ Campaign for Ending Hunger has grown exponentially since it began in 1990. The success of this important initiative is rooted in the strong participation of all Maine credit unions lending their strong support to this signature cause. As we wrap up fundraising for the year, we hope we can once again count on every credit union to make a contribution.
Get to Know Your Local State Representatives
Credit union advocacy in Augusta helps our movement achieve our public policy goals. With a new Legislature already sworn in and beginning their work, our League wants to provide your credit union an opportunity to meet your state representatives. Equally important is the chance for them to hear from you about issues that matter to you and your members.
Kathy Crawford Named 2022 Employee of the Year
At the League and Synergent’s holiday celebration on December 14, employees joined the Senior Leadership Team in recognizing an exceptional colleague. Todd Mason, President/CEO of the League and Synergent, announced that Kathy Crawford is this year’s recipient of the Champion Award. The award recognizes the League and Synergent’s employee of the year.
Fire Up Your Sleds! Annual Chapter Snowmobile Run Set for February
The Aroostook Chapter of Credit Unions is sponsoring its 11th Annual Snowmobile Run on February 16, 2023. The event, hosted by NorState FCU, will raise money for three very deserving organizations: Maine Credit Unions’ Campaign for Ending Hunger, Special Olympics Maine, and CULAC. Register today to join your credit union colleagues on the trails and/or sign up to serve as an event sponsor.
NCUA Releases Q3 2022 State-Level Data Report
According to the latest NCUA Quarterly Map Report, federally insured credit unions experienced continued asset and deposit growth over the year ending in the third quarter of 2022. Additionally, loan growth was the strongest it has been in two decades.
New Member Moment Offers Tips for Lowering Home Heating Costs
Maine Credit Unions recently created a new Member Moment video that provides tips to help members lower their home heating costs. Credit unions are encouraged to share Member Moment videos on their social media feeds.