Maine Credit Union League Weekly Update

During the conclusion of this year’s Legislative Forum, the League celebrated those who went above and beyond in their support of the League’s advocacy efforts. Top donors to CULAC were recognized in three categories: Top Contributor: Small Credit Union, Top Contributor: Large Credit Union, and Top Contributor: Individual Donor.

As the holidays draw near, Maine Credit Unions’ Campaign for Ending Hunger’s Holiday Meals for Mainers initiative is once again underway—and the need has never been greater. The government shutdown and delays in SNAP assistance mean more Maine families are struggling to keep food on the table and wondering how they’ll make it through the season.

The County FCU recently held their annual Fall Festival to End Hunger at Big Rock Mountain in Mars Hill and raised just shy of $50,000 for local food pantries. The event, headlined by Motor Booty Affair, saw nearly 1,000 attendees check out the festivities. The associated golf tournament had 75 players, and the ATV Ride-In had nearly 80 riders.

Lisbon Community FCU has announced a $2,000 donation to support two local food pantries—Lisbon Area Christian Outreach (LACO) and Gather To Grow in Lewiston—as they respond to a growing number of families seeking help.

Maine State CU is proud to announce the promotions of two of their valued team members. Adelia Batey-Kee has been promoted to Manager, Business Intelligence and Kiley Connor to Assistant Controller.

At the end of October, Norm Nolette Chapter credit unions banded together to honor first responders as the two-year anniversary of the devastating mass shooting at Just-In-Time Recreation in Lewiston approached. Giving back to those who put their community first by providing safety and protection is just one way Lewiston area credit unions demonstrated their appreciation as we all remembered the lives lost. Visits were made to multiple local organizations.

TruChoice FCU was thrilled to donate funds to Make-A-Wish Maine this October. The credit union was a recent participant in CU Insurance Solutions’ 2nd Annual “CU Give Back GAP Challenge” and were proud to win second place, allowing them to designate a $3,000 donation to Make-A-Wish Maine.

Synergent is pleased to announce it has received four Marketing Association of Credit Unions (MAC) Awards for creative marketing campaigns developed for credit unions, including three here in Maine—Central Maine FCU, Lisbon Community FCU, and New Dimensions FCU. The MAC Awards honor excellence in credit union marketing, recognizing the exceptional creativity, strategy, and results achieved by industry professionals.

Artificial intelligence (AI) is being used to enable decisions, provide products and services, and carry out key functions and transactions. AI is also becoming more integrated into your credit union processes and the practices followed by your vendor partners. TruStage™ has developed an AI Risk Overview to help you implement practices to better safeguard your organization.

As a reminder, the Nationwide Multistate Licensing System (NMLS) annual renewal period opened on November 1 and will remain open until December 31. The SAFE Act (Regulation G) requires both covered financial institutions and individual mortgage loan originators to renew their registrations annually.