In The News

Maine's Congressional Delegation applauds, praises Maine CUs on Capitol Hill

Published: March 3, 2016

Before an audience of more than 80 representatives and guests from Maine's credit unions, members of Maine's Congressional Delegation praised the work and efforts of Maine's credit unions not only on behalf of their members but on behalf of their communities. The Breakfast, hosted by the Maine Credit Union League, was held recently on Capitol Hill in Washington, D.C., and featured remarks from all four members of Maine's Congressional Delegation. Read More...


Young & Free Maine Sound Off Entry Phase Almost Over

Published: February 22, 2016

The Young & Free Maine 2016 Sound Off Music Competition is currently underway and the entrants are trickling in! Don’t wait to enter—the entry phase comes to a close on Monday, February 29. The Sound Off Music Competition allows Maine-based solo artists and musicians to enter original music at www.youngfreemaine.com for the chance to win amazing prizes. Read More...


Maine CU League Reports 100% Affiliation for 2016

Published: February 17, 2016

Recently, the Maine Credit Union League announced that it had received dues for League membership and dues for CUNA membership from all 60 of the state's credit unions. As a result, the League has achieved 100% affiliation for the fifth consecutive year. Read More...


Olympic Icon, Mark Spitz, Helps Maine CUs Announce Raising Record-Total Of $622,933 For Ending Hunger In 2015

Published: February 9, 2016

On Tuesday, February 9, one of the greatest Olympic champions of all-time, Mark Spitz, joined Maine's credit unions at the Harraseeket Inn for the 2015 Ending Hunger Campaign Results Celebration Luncheon. At this annual event, credit unions are recognized for raising funds for the Maine Credit Unions' Campaign for Ending Hunger. The official, record-breaking total was announced—coming in at $622,933.63 raised during the 2015 Campaign—more than $70,000 greater than last year's record-breaking total. Read More...


Second Maine CU Wins National Contest; $10,000 Contributed To Maine CUs' Ending Hunger Campaign

Published: February 5, 2016

A second Maine credit union recently was announced as a winner in the national 'Share the Love' contest that received nearly 500,000 votes nationwide. For the month of December, Penobscot County FCU received the most votes in its asset size and, as a result, was recently presented with a $10,000 contribution on its behalf to the Maine Credit Unions' Campaign for Ending Hunger. Read More...


The Cooperative Difference: Members, Community Share As Maine CU Gives Back Over $300,000

Published: January 29, 2016

At the conclusion of a year that saw 300 workers laid off from the local Androscoggin Mill, the more than 10,000 members of Otis FCU, which is the primary financial institution for many of the consumers in the communities in and around the mill, received some very positive years news. For the eleventh consecutive year, Otis FCU has once again returned hundreds of thousands of dollars to its members through its Cooperative Community Advantage Program. Read More...


Maine CUs' Coordinated Basketball Tournament 'Scores' Record Total For Childhood Cancer

Published: January 19, 2016

For Maine's credit unions, it was nothing but NET! The 22nd Annual Dr. Noel Paradise Memorial C-U Swish-Out Childhood Cancer Challenge, which took place on Sunday, January 15, at USM in Gorham, raised a total that far exceeded any previous records. A record 57 teams, along with support from sponsors and volunteers, helped the event, which is now Maine's longest, continuous-running, 3-on-3, charity basketball tournament, raise an incredible $52,453 for the Maine Children's Cancer Program, more than $20,000 more than last year's record. Read More...


Young & Free Maine offers money management advice for young people

Published: January 15, 2016

A new year means new resolutions and, inevitably, managing finances usually makes the list, especially for young adults. In a segment that aired statewide on WCSH 6 and WLBZ 2, Young & Free Maine Spokester, Mallory Lavoie, offered tips and advice on how 18-25 year-olds could better manage their money and finances in 2016. Read More...


Money To Lend: Maine CUs Outpace Banks In Most Lending Categories

Published: January 4, 2016

For the period covering September 2014 - September 2015, Maine credit unions outpaced savings banks in several growth areas including total loans and real estate loans. Read More...


Third Quarter Stats All Positive For Maine CUs Including New Membership Record, Nearly $250 Million In Share Growth

Published: December 24, 2015

In statistics released last week by the Maine Credit Union League, the third quarter of 2015 reflected positive growth in all measurement categories for Maine credit unions including record membership figures. Read More...