Maine Credit Union League Weekly Update

Football season is here and Patriots fans across New England are gearing up for what we hope will be a winning season with a new QB at the helm! Given the excitement surrounding our beloved team, the League is coordinating a statewide Take a Chance raffle with proceeds benefiting the Campaign for Ending Hunger. Your credit union can participate and raise money toward your 2021 Ending Hunger fundraising results.

The Maine CU Marketing Council will be hosting a virtual lunch and learn session on Tuesday, October 19, from 11:30 am-12:30 pm featuring Marnie Grumbach, Emily Broadbent, and Becky Gauthier of fluent imc, an integrated marketing communications agency. This event will be the last workshop held this year.

TruChoice FCU and Blue Cross Blue Shield of Maine Employees (BCBSME) FCU have announced their intent to merge, subject to NCUA and member approval. It is anticipated that the proposed merger will occur in early 2022.

Atlantic FCU has announced the creation of the Atlantic Foundation. The mission of the new Atlantic Foundation is to help strengthen, support, and promote the common good in the communities served by the credit union.

Evergreen CU recently celebrated the completion of significant renovations to its branch on Broadway in South Portland. The five-month project included the addition of a new exterior leading to a larger entryway into a redesigned interior. These additions, plus new technology, were installed to improve their members’ banking experience.

Amid rising COVID-19 numbers and the uncertainty of in-person teaching opportunities, Maine credit unions are encouraged to offer the new Virtual Financial Fitness Fair to their local schools this fall. The virtual fair was launched in April and utilizes Google Classroom, making it easily accessible for students following an in-person, hybrid, or remote learning model.

CUNA is holding its annual Governmental Affairs Conference (GAC) in-person in 2022 and registration is now open! You can join your credit union colleagues in Washington, DC, February 27-March 3, to share the credit union difference with lawmakers and advocate for the financial well-being of more than 120 million people.

Federally insured credit unions with both the minority depository institution and low-income designations are eligible to apply for the National Credit Union Administration’s MDI mentoring grants between October 11 and October 29.

Topics in this week’s edition include:

• Webinar – Money Laundering from Environmental Crime
• Treasury Acts to Counter Ransomware
• OFAC Releases Advisory on Ransomware Payments
• FinCEN SAR Guidance Regarding Child Exploitation
• NCUA Pilots Post-Examination Survey