Maine Credit Union League Weekly Update

Volume 34  •  Issue 7  •  February 13, 2025

A Special Reflection from Elise Baldacci
|

League President Elise Baldacci shares a Valentine’s Day message with credit unions, expressing her heartfelt appreciation for their work to end hunger in Maine. She also encourages credit unions to take time to recognize the exceptional people in our movement by nominating them for a League award.

» Read More
Maine Credit Unions Reach New Milestone Raising $1.3 Million to End Hunger
|

Credit union representatives gathered in Freeport on Monday to unveil the fundraising results of their collaborative Maine Credit Unions’ Campaign for Ending Hunger. At a special ceremony hosted by the League, the Campaign announced that it raised $1,303,706.40 in food and monetary donations in 2024. This achievement marks a new fundraising milestone for the Campaign, now celebrating its 35th year of fighting hunger in Maine in 2025.

» Read More
Credit Unions Receive Honors at Ending Hunger Results Luncheon
|

There was great cause for celebration at Monday’s Ending Hunger Results Luncheon. In addition to announcing the incredible 2024 fundraising results for Maine Credit Unions’ Campaign for Ending Hunger, several credit unions were recognized with awards for their individual contributions and volunteerism.

» Read More
The League and Synergent Announce Employee of the Year
|

On January 16, employees from the Maine Credit Union League and Synergent joined together virtually for a special announcement. Each year, one exceptional employee is chosen to receive the distinction of Employee of the Year, and staff rallied to show their support for the newest recipient. The 2024 Denis A. Letourneau, Jr. Outstanding League Employee Award was proudly presented to Kim Nicholas, Product Implementation Analyst! 

» Read More
Nominate a Colleague for the Diane L. Oceretko People Helping People Award
|

Maine’s credit unions believe in the power of service and community. Every day, our employees make a difference—not only for our members but also in the neighborhoods where we live and work. To honor those who embody our core values of compassion, dedication, and selflessness, the League will present the Diane L. Oceretko People Helping People Award to a deserving credit union team members in May.

» Read More
Updates on the CFPB and the Credit Union Board Modernization Act
| ,

There have been many changes to the Consumer Financial Protection Bureau (CFPB) over the past week. The League’s Governmental Affairs team provides an update on what is going on and how that impacts credit unions in regard to the CFPB as well as the Credit Union Board Modernization Act.

» Read More
League Staff Busy Advocating for Credit Unions on Bills in Augusta
| ,

This week in Augusta, the League presented testimony on three bills and had a work session on two others. The League’s Governmental Affairs team addressed issues of importance for credit unions related to: LD 184, LD 353, LD 314, LD 201, and LD 142. The Legislature will be out of session next week and will return on February 24. Work sessions for the public hearings will be expected at that time.

» Read More
Evergreen CU’s Emma Pierce Selected to Crash the GAC
| ,

The credit union industry’s largest advocacy event—the 2025 Governmental Affairs Conference (GAC)—is just a few weeks away, and once again, a group of emerging leaders has been selected to “crash” the meeting. Emma Pierce, Communications Specialist at Evergreen CU, has been chosen to represent Maine as part of the Cooperative Trust’s Crash the GAC program.

» Read More
Five County CU Announces Six Promotions
|

Five County CU is thrilled to announce six recent promotions. This development continues a strong culture of opportunity that supports the growth of internal talent into positions of importance at the credit union.

» Read More
Atlantic FCU Foundation Now Accepting Applications for $20,000 in College Scholarships
|

The 2025 Atlantic FCU Foundation College Scholarship Program is now accepting applications. Members graduating high school this spring and planning to continue their education are eligible to apply for the scholarship. Atlantic FCU will award $20,000 worth of financial assistance.

» Read More
InfoSight eNewsletter
|

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

  • Get Ready for InfoSight360, Coming 1st Quarter 2025!
  • CFPB Update
  • Rodney E. Hood Announced as Acting Comptroller of the Currency
  • FinCEN Announces $37,000,000 Civil Money Penalty Against Brink’s Global Services USA, Inc. for Violations of the Bank Secrecy Act
  • WOCCU’s Work Continues Despite Impacts of U.S. Foreign Aid Freeze | World Council of Credit Unions
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.

» Read More

Search

Categories

Archives:

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