Maine Credit Union League Weekly Update
Volume 33 • Issue 13 • March 28, 2024
Credit Union Day at the State House Showcases the People Helping People Movement with Lawmakers | Advocacy In Action, Governmental Affairs The League kicked off the week by demonstrating the strength of credit union advocacy! On Monday, over 40 credit union representatives from all corners of the state joined the League in Augusta for Credit Union Day at the State House. For some participants, it was their first time visiting the capitol building and seeing the Legislature in action. » Read More |
League Collaboration to Deliver Free Webinar Series Designed for Smaller Credit Unions in April | Awards, Education, & Events Every Tuesday at 9:00 am during the month of April, Maine credit unions will have the opportunity to collaborate with members from the Association of Vermont Credit Unions and the Cooperative Credit Union Association through a free webinar series. The webinars will offer valuable insights, strategies, and resources tailored specifically to the needs and challenges of smaller credit unions. » Read More |
Two Upcoming CU Professional Development Events You Won’t Want to Miss | Professional Development Did you know that the League has two professional development opportunities coming up next month in Bangor? While these events are only a few weeks away, there’s still time to learn more about these special offerings and register to attend. » Read More |
Save the Date: Synergent Connect Conference | Synergent News Mark your calendars! Synergent Connect 2024 is taking place August 26 and 27 in Portland. This two-day event will be packed with valuable credit union focused information presented by industry renowned speakers and subject matter experts. Don’t miss your opportunity to learn about the latest products and strategies, network with credit union colleagues from across the country, and be inspired. » Read More |
Expectations and Concerns Drive Borrower Behaviors | TruStage New research from TruStage indicates that consumers are taking financial steps to address their unique expectations and concerns. Interestingly, these steps appear to differ based on several nuances of the borrower journey, including the type of loan borrowers are considering. » Read More |
Tracking Your Credit Union’s Volunteer Hours | Community Engagement As hard as it is to believe, April (and hopefully warmer weather) is just around the corner. If you have not already, now is a great chance to log your credit union’s volunteer hours for the month of March through the convenient CUs Share for ME form on our League’s website. We’ve also created a new guidelines document to help credit unions determine the types of volunteer activities that should be reported. » Read More |
Maine State CU Supports Local Communities Through Drive for Good and Ending Hunger Campaign | Ending Hunger At a time when community support has become crucial to local organizations, Maine State CU announced it donated over $250,000 to area animal shelters, food banks, and community groups in 2023. The money was raised through a combination of employee and member-based programs, including its new Drive for Good program and its participation in Maine Credit Unions’ Campaign for Ending Hunger. » Read More |
Simplified CECL Tool Updated for March 2024 | Compliance The National Credit Union Administration (NCUA) released the March 2024 update of its Simplified CECL Tool earlier this week. The update includes the average loan loss rates for 2021-2023 and the latest life-of-loan—or Weighted Average Remaining Maturity—factors. » Read More |
InfoSight eNewsletter | Compliance 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.
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Maine Credit Union League | P.O. Box 1236 | Portland, Maine 04104 | www.mainecul.org |