Maine Credit Union League Weekly Update

Volume 30  •  Issue 24  •  June 18, 2021

We’ve Hit the Halfway Mark in the Ending Hunger $100,000 Challenge
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Have you made a contribution to our $100,000 Challenge? June is more than halfway done, which means we’ve got less than two weeks to reach our fundraising goal to benefit Good Shepherd Food Bank and local food pantries.

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Volunteer to Serve on a League Committee
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Each year, the League invites credit union officials and staff to serve on one of our nine committees. If you are interested in serving on a committee, please sign up to volunteer by July 16.

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Silent Auction to Benefit the Campaign for Ending Hunger
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In conjunction with the Annual Convention and the Ending Hunger Golf Tournament, the League will be hosting an online auction to benefit Maine Credit Unions’ Campaign for Ending Hunger. Your credit union can support our auction and the Campaign by donating an item.

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Atlantic Federal Credit Union Awards $10,000 Scholarship to Graduating Brunswick High School Student
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Atlantic FCU is proud to recognize Luke Cheseldine from Brunswick High School as the $10,000 Atlantic College Scholarship recipient. In addition to Luke’s scholarship, Atlantic FCU awarded an additional $10,000 in scholarships to four students graduating from Massabesic, Sanford, and Freeport High Schools.

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OTIS FCU Awards Five $500 Scholarships to Local High School Seniors
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Five graduating high school seniors were recently awarded scholarships of $500 each from OTIS FCU. The recipients include graduates from Spruce Mountain High School, Dirigo High School, and Mt. Blue High School.

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Infinity CU Welcomes New Senior Marketing Specialist
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Infinity CU is pleased to introduce and welcome Nicki Bean as its new Senior Marketing Specialist. Bean brings 15 years of sales & marketing experience with her to the credit union.

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May CU Trends Report Now Available
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The May 2021 CU Trends Report is now available. This monthly report, published and distributed by CUNA Mutual Group’s Director and Chief Economist Steven Rick, provides a review and analysis of recent credit union financial performance and operational results.

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The Maine Legislature Works Toward Adjournment
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The League is continuing to monitor all legislative activity during the final days of the Legislature’s session and is planning to provide a full review during the Credit Union Town Hall on July 12. In the meantime, however, the League’s Governmental Affairs team would like to share some important updates about activity that occurred this week.

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InfoSight eNewsletter
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Topics in this week’s edition include:

  • Cannabis and Hemp-Related Accounts
  • Elder Financial Exploitation Training
  • CFPB Issues Interpretive Rule on Authority to Resume MLA Exams
  • CFPB Reg E FAQs on Unauthorized EFTs
  • CFPB Spring 2021 Rulemaking Agenda
  • New American Rescue Plan FAQs from the IRS
InfoSight is FREE to League CU employees as a benefit to membership and provides state and federal compliance and operations resources. Information on InfoSight, including overviews of state regulations, are reviewed annually by compliance professionals across the country, including the League’s own Compliance team. Request your login today.

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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