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Governor Mills Signs Supplemental Budget as 2025 Legislative Session Concludes
On June 23, Governor Janet Mills signed LD 210, the supplemental state budget, marking the close of an extended 2025 legislative session. This $320 million spending package builds on the biennial budget passed last year and reflects the state’s efforts to address targeted priorities. The Maine Credit Union League remained actively engaged throughout both the regular and special sessions, working to advance the credit union movement’s priorities and protect members’ interests.
The Legislature formally adjourned on June 25, and any non-emergency measures will take effect on September 24. In the meantime, the League is already preparing for 2026 with plans to continue building legislative relationships and further amplify the credit union difference.
“Advocacy is a year-round commitment,” added Elise Baldacci, League President. “We are grateful for the leadership and engagement of our credit unions this session, and we’ll continue to build on this momentum heading into next year.”
LD 1444 (Foreclosure Bill) Carried Over After Strong Credit Union Advocacy
LD 1444, legislation that would have reinstated the “free house” rule in Maine’s foreclosure process, was carried over to the 2026 legislative session after a strong advocacy push from the Maine Credit Union League and credit union leaders across the state.
Initially on track for passage, the bill raised serious concerns about unintended consequences for credit unions. Once the League mobilized in opposition—coordinating on-the-ground lobbying, engaging with legislative leadership, and facilitating direct outreach from credit unions—momentum for the bill stalled.
The carryover gives the League and credit unions additional time to educate policymakers on the importance of a balanced foreclosure framework that protects consumers while also ensuring credit unions can continue to lend responsibly and support their members.
The League will remain actively engaged during the interim and is preparing for continued advocacy when the Legislature reconvenes in 2026.