In The News

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...


Maine Credit Unions Make Significant Contribution to Combat Senior Hunger

Published: May 26, 2017

On Thursday, May 25, the Maine Credit Unions’ Campaign for Ending Hunger presented five checks for $1,000 each to Maine’s Area Agencies on Aging Meals on Wheels programs in recognition of National Older Americans Month. The presentation took place at the Spectrum Generations Hallowell location, where the funds were presented to a representative from each agency, including the Southern Maine Agency on Aging, Spectrum Generations, SeniorsPlus, Eastern Area Agency on Aging, and Aroostook Area Agency on Aging. The funds will help provide more than 20,000 meals to Maine’s seniors. Read More...


Maine CU League Board elects 2017-2018 Table Officers; Welcomes new Director

Published: May 22, 2017

At the 79th Annual Meeting of the Maine Credit Union League, Delegates' elected a new Director-At-Large, and the Board of Directors elected its 2017-2018 Table Officers. Read More...


A World of Success! Maine CU League's 79th Annual Meeting & Convention draws largest crowd in years

Published: May 22, 2017

Capitalizing on a theme, "Maine's credit unions - A World of Opportunity," that highlighted the strong growth of Maine's credit unions, the 2017 Maine Credit Union League's 79th Annual Meeting and Convention, was an out-of-this-world success. The Convention, held May 19-20 in Portland, attracted nearly 875 attendees, the largest crowd in decades. Success." "Interest, participation and engagement from attendees in the Convention was as strong as I've seen it in my nearly 30 years with the League. It was great to see the enthusiasm with record membership and other successes translate into attendance," remarked Cheryl Lancaster, SVP of Member Services for the League. Read More...


Co-Captain with Sully on famous flight among Highlights as Nearly 850 Expected to attend Maine CU League Annual Meeting and Convention

Published: May 16, 2017

Co-Captain with Sully among Highlights as Nearly 850 Expected to attend Maine CU League Annual Meeting and Convention The Maine Credit Union League’s 79th Annual Meeting & Convention will take place at the Holiday Inn by the Bay in Portland, on Friday, May 19, and Saturday, May 20. With credit union membership reaching a record 685,926 members in 2016, the Convention is also seeing an increase among registrants. Nearly 850 credit union representatives and guests confirmed to attend, the largest expected turnout in nearly three decades. Read More...


Maine CUs help celebrate financial education for new Mainers

Published: May 12, 2017

Maine's credit unions joined Community Financial Literacy (CFL), a Portland-based organization dedicated to helping immigrants and new Mainers navigate and better understand personal finance, in celebrating its successes over the past year at CFL's Annual Celebration on May 11, in Portland. The Maine Credit Union League was a major sponsor of the event, which drew nearly 300 people. Read More...


Play Ball! Maine CUs are again big part of Sea Dogs games

Published: May 5, 2017

The 2017 Portland Sea Dogs season is underway, with the Double-A affiliate of the Boston Red Sox off to a strong start. This season, the phrase C-U at the Ballpark has taken on a whole new meaning. For fans visiting Hadlock Field this season, they will notice a strong credit union presence including the continued sponsorship of Maine's credit unions of the popular 7th Inning Stretch. Read More...


"Not-for-profit cooperatives did not cause financial crisis but member owners bearing burden of over-regulation," League reports to Congressman Poliquin, urging his support of Financial Choice Act

Published: May 1, 2017

In communications to Congressman Bruce Poliquin, the Maine Credit Union League reported that regulatory burden has cost Maine credit unions $43.4 million and led to another $5.8 million in costs. The League is urging Congressman Poliquin to support the Financial Choice Act, which is being considered by the House Financial Services Committee, which the Congressman serves on, and would provide relief to credit unions and members. Read More...