Maine Credit Union League Weekly Update

League President/CEO Todd Mason reflects on the opening remarks he shared during the 84th Annual Convention and highlights why our rich history of working together has strengthened—and will continue to support—a thriving credit union movement in our state.

Exceptional credit union CEOs not only strengthen our movement in Maine, they help promote the credit union difference nationally. To recognize an outstanding CEO in our state, the League presented Evergreen CU’s Jason Lindstrom with the prestigious James M. Gratto Award during the Annual Convention.

Three incredibly deserving credit union employees were recognized with awards at the League’s Convention. Joann Bisson, Executive Vice President at Oxford FCU, was presented with the President’s Award honoring the outstanding League volunteer; Chandra Thoits, Human Resource Specialist II at Midcoast FCU, was presented the Jeannette G. Morin Award honoring the outstanding credit union employee; and Patty Kenney, Community Relations Manager at Casco FCU, was presented the Diane L. Oceretko Award.

At his last Annual Convention as CEO of Maine State Credit Union, Tucker Cole was presented with several awards to recognize his years of dedicated service to the credit union industry in Maine.

Elizabeth Keene, Board Vice Chair at Community CU, has been awarded the Alexander Ferguson Award. This award recognizes an outstanding credit union volunteer.

Community service, member education, and financial literacy—these are just some of the ways Maine credit unions give back. To honor their efforts, the League presented social responsibility awards to five credit unions in four distinct categories.

On May 12, 140 golfers participated in the annual Ending Hunger Golf Tournament at the Belgrade Lakes Golf Club. While the event was not competitive in nature, four golfers are being recognized for hitting the longest drive, securing closest to the pin, and winning the Synergent putting contest.

The House Financial Services Committee advanced the CUNA-League-led Expanding Financial Access for Underserved Communities Act (H.R 7003) with a 27-22 vote.

Topics in this week’s edition include:

• InfoSight Survey Still Open
• New InfoSight Content
• Revised Interagency Q&As on Flood Insurance
• VA Amends Regulations on Fiduciary Activities
• CFPB Wants Consistent Enforcement of Consumer Financial Protections
• Fed Board Amends Rates in Reg A and D