Maine Credit Union League Weekly Update

Volume 33  •  Issue 16  •  April 18, 2024

A Message from Jake Holmes: The Important Role Credit Unions Play in Educating Maine Children
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Jake Holmes, the League’s Financial Education & Outreach Director, offers his thoughts about the importance of Credit Union Youth Month and National Financial Capability Month, and why this forum allows credit unions to promote the vital educational offerings we provide year-round.

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Credit Union Advocates Spend the Day with Senator King
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Spending time with our elected officials is an important way to showcase the credit union difference and communicate our policy priorities. This week, the League took advantage of two opportunities to engage with Senator King—both in Maine and in Washington, DC.

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Maine Fair Housing Summit 2024 to be Held at the Augusta Civic Center
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The Maine Human Rights Commission will be holding a Fair Housing Summit on May 1 at the Augusta Civic Center. Registration is free and open to the public. Anyone who is interested in attending the event, which begins at 8:30 am, must register in advance online.

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New England Financial Executives Council to Host Spring Meeting in May
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The New England Financial Executives Council (NEFEC) is excited to announce its Spring 2024 event, Artificial Intelligence (AI) in Credit Unions. Your credit union can join NEFEC on May 23 at the Harraseeket Inn in Freeport for this special meeting. Programming will begin at 9:00 am. Hear from renowned speakers and learn how AI is being deployed in credit unions.

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Maine State CU to Help Youth with Financial Literacy with New Savings Product
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In response to the growing trend of teaching financial education to children, Maine State CU is excited to announce the launch of its innovative new product, Marty the Mountain. This product is designed to help kids learn how to save and manage money.

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NorState FCU Announces Promotions and Position Changes
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NorState FCU is pleased to announce several strategic promotions and job changes, which will enhance its commitment to delivering exceptional services and value to members. Hannah Cummings has been named Ashland Branch Manager; Danielle Hebert has been named Director of Community Engagement; Mark Johnson is the credit union’s new Chief Experience Officer, SVP of Strategy and Performance; and John Young has transitioned to the role of Director of Organizational Development.

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OTIS FCU Promotes Two Staff Members
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OTIS FCU is pleased to announce that it recently promoted two of its staff members. Emma Blaisdell was promoted from Assistant Teller Supervisor to Teller Supervisor. Trent Keene was promoted from a Teller position to Assistant Teller Supervisor.

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Community Recycle Day Happening Saturday in Lewiston
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To commemorate Earth Day, Community CU will host a Community Recycle Day Drive-Thru event this Saturday from 9:00 am – 12:00 pm at 40 Stanley Street in Auburn. Community partners will be joining forces with the credit union to offer a convenient and free way to recycle items like documents and tires. New and gently used (and clean) reusable resources will also be collected.

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UCU Celebrates Local Volunteerism with 2024 Here for U Day of Service
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On Patriot’s Day, University CU (UCU) team members across Maine dedicated their time to give back to local communities with a credit union-wide day of service.

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InfoSight eNewsletter
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Is your credit union leveraging the resources found on InfoSight? If you aren’t, you should! A snapshot of the topics available in this week’s InfoSight newsletter are below.

  • CFPB Blog: Ensuring Servicemembers Can Protect Themselves from Unlawful Financial Practices
  • FinCEN Issues Notice on Use of Counterfeit U.S. Passport Cards to Perpetrate Identity Theft and Fraud Schemes
  • NCUA: Registration Open for May 2 Webinar Covering the 2024 CDRLF Grant Round
  • FinCEN Issues Analysis on Elder Financial Exploitation
InfoSight is FREE to League credit union employees as a benefit to membership and provides state and federal compliance and operations resources. Please contact the League if you need assistance accessing InfoSight.

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Here Are Five Steps That Credit Unions Can Take to Find the Right Fintechs Today
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This TruStage™ article focuses on the power of fintechs and how partnering with the right fintech can empower credit unions.

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Weekly Update - A Publication For The Maine Credit Union League
Maine Credit Union League | P.O. Box 1236 | Portland, Maine 04104 | www.mainecul.org