In The News

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...


National Volunteer Week highlights impact of Maine CU volunteering

Published: April 26, 2017

In 2016, Maine credit union staff and volunteers contributed nearly 38,000 hours in volunteer time, worth nearly $820,000 in time, to causes, organizations, events and activities as documented through the Maine CU League's CUs Share for ME volunteer program. "From helping at the local little league field and teaching financial education in schools to serving meals at the local soup kitchen and playing basketball to help children with cancer, Maine credit unions exemplify the credit union philosophy of 'people helping people' every day," said Jon Paradise, Vice President of Governmental and Public Affairs for the Maine CU League, in announcing the results of CU volunteering during National Volunteer Week. Read More...


Mason officially becomes 4th President/CEO of Maine CU League

Published: April 24, 2017

On Monday, April 24, Todd Mason officially became the fourth President/CEO of the Maine Credit Union League and its subsidiary, Synergent. Mason, who has nearly 25 years of experience in the credit union and financial services industry, replaces John Murphy, who has retired after holding that position for 25 years. Read More...


Two Maine CUs hope others race to help end hunger

Published: April 18, 2017

Two Maine credit unions are coordinating upcoming events aimed at raising funds and awareness for ending hunger, and participation in both events are open to other CUs and the community. On Saturday, April 29, Maine State CU will host its Annual Feed ME 5K Walk/Run in Augusta; and on Saturday, May 20, York County FCU its first ever Run to End Hunger 5K Walk and Run in Alfred. Registration for both events is underway. Read More...


Maine CUs shine with national awards

Published: April 11, 2017

Since it debuted in late 2016, the Maine Credit Union League's new Statewide Awareness Campaign, "Belong to a CU and Own It," has received significant, positive feedback and attention from consumers. Last week at the Credit Union National Association's (CUNA) Diamond Awards ceremony in San Antonio, Texas, the Campaign was honored with a prestigious Best in Category Diamond Award. In addition to the League's winning entry, six other Maine CUs received Diamond Awards in various categories. Read More...


Year-End Statistics confirms popularity, usage of Maine Credit Unions surged again in 2016, New milestones reached

Published: April 5, 2017

According to recently-released year-end statistics for 2016, the popularity and usage of Maine’s credit unions continued to surge in 2016 in all growth categories, led by an increase of nearly 20,000 new members in the past year alone. As of year-end 2016, membership in Maine’s credit unions grew to 685,926 members. While membership growth was impressive, perhaps, even more impressive and important to Maine’s economy was the fact that Maine’s credit unions reported an increase of more than $456 million in lending. Read More...


Legislators heap praise on Maine's credit unions at CU Day in Augusta

Published: March 30, 2017

For the record, Maine credit unions are popular with and appreciated by legislators. That was the prevailing theme at the Annual Maine CU Day at the State House, held on Thursday, March 30, in the Hall of Flags in Augusta. More than 100 credit union representatives, representing every region of the state, participated in this year's event, and nearly every member of the Legislature was aware of the strong credit union presence for the event. Read More...