In The News

Structure, popularity of credit unions in Maine highlighted on statewide radio show

Published: August 17, 2017

"Credit unions are the only true co-op in financial services, as credit unions are member-owned and member-focused," stated Todd Mason, President of the Maine Credit Union League, when speaking about credit unions during an appearance on Maine Public Radio's hour-long talk-show, Maine Calling, recently. Read More...


Maine CU Financial Literacy Council to welcome local and national experts at inaugural Conference in September

Published: August 7, 2017

The Maine Credit Union League and Maine's credit unions commitment to financial literacy continues to grow and that commitment took a significant step with the recent announcement of for the first-ever Maine CU Financial Literacy Conference. The Conference will be held on Wednesday, September 6, at the CU Service Center in Westbrook. Read More...


"Hunger does not take a summer vacation," Maine's credit unions emphasize in making significant contribution to alleviate summertime hunger

Published: July 25, 2017

In an effort to raise awareness and, more importantly, provide financial assistance to food pantries struggling to keep food on their shelves during the summer season, the Maine Credit Unions’ Campaign for Ending Hunger distributed over $20,000 recently. Food pantries in every Maine county received a portion of the funds. Read More...


Membership, deposits stand out in strong start to 2017 for Maine CUs

Published: July 19, 2017

According to first quarter statistics released the Maine Credit Union League, 2017 is off to a solid start for Maine's credit unions, with membership and deposits leading the way. Read More...


Nearly 8,000 students participated in a Maine CU Financial Fitness Fair during 2016/17 school year - a new record!

Published: July 11, 2017

Summer vacation may be underway but, thanks to Maine's credit unions, more Maine students than ever ended the 2016/17 school year with personal finance experience. In just announced numbers, the Maine Credit Union League found that a total of 7,617 students participated in one of the nearly 50 Financial Fitness - Money Management Experience events held during the past school year. Read More...


As Shutdown ends, Maine CUs praised for helping state workers

Published: July 3, 2017

The willingness of Maine CUs to provide assistance in a variety of forms to state workers impacted or concerned by the shutdown of Maine State government is receiving significant praise including from a number of legislators sharing links to local CUs. "Once again, Maine credit unions focused on helping consumers during a difficult time," remarked Todd Mason, President of the Maine CU League. Read More...


Maine Credit Unions announce preparations to help state workers impacted if state does shutdown

Published: June 29, 2017

As a Maine state government shutdown approaches at the close of business on June 30, Maine’s credit unions have come together to offer assistance to state workers impacted by the shutdown. If a shutdown does occur, many of the state’s 58 credit unions will be offering special no or low interest loans to cover the loss of paychecks for state employees who are out of work in the event of a shutdown of Maine State government, and a variety of other forms of assistance. Read More...


Radio show reinforces leadership of Maine CUs with fighting elder financial abuse

Published: June 20, 2017

Prior to being a founding member of the Senior$afe program, the groundbreaking program formed by credit unions, state elder services, and others in 2014, Maine credit unions had already been a long-time leader in helping to prevent elder financial abuse of Maine seniors. The formation of Senior$afe has only strengthened that commitment, and the recent participation by a Maine CU representative in a statewide radio show on the subject was an opportunity to again highlight the issue. Read More...


Maine House, Senate vote overwhelmingly to override veto of bill to update State Credit Union Charter

Published: June 8, 2017

Thanks to a strong, coordinated effort from the Maine Credit Union League's legislative team, credit unions and a number of legislators, the Legislature voted overwhelmingly in favor of overriding the Governor's veto of L.D. 1055 - An Act to Update the State Credit Union Charter. On Tuesday, June 6, the House voted 141-5 in support of overriding the veto, and the Senate voted unanimously today (June 8) to override the veto. As a result, the bill has been passed into law. Read More...


For community service, financial education and member service, Maine CUs have lots to celebrate!

Published: June 6, 2017

Collectively, Maine's credit unions are not only committed to serving the more than 685,000 Mainers with financial services, but also in making contributions to make the communities better places to live, to provide products and initiatives to help members, and to supporting strong learning opportunities to promote youth and adult financial education. Recently, some of these CU initiatives were honored with a state award from the Maine Credit Union League. All first-place recipients will compete in the national competition in the fall. Read More...