Maine CUs celebrate financial education for new Mainers

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.

CFL works with refugees and members of the immigrant communities (many from war-torn countries), to invest in themselves to build financial stability, careers, businesses and wealth.  In 2016, more than 500 immigrants were reached through one of CFL's classes.

"CFL is an important organization, especially with the influx of refugees and immigrants in Maine in the past few years.  Many individuals are coming from countries that have antiquated or corrupt financial systems, so the concept of personal finance often holds negative connotations.  CFL goes a long way in overcoming those obstacles.  Maine's credit unions are pleased to provide financial support to this organization," explained Jon Paradise, Vice President of Governmental and Public Affairs for the Maine Credit Union League, who also serves on the Board of CFL.

A number of credit unions also attended the celebration and supported it.  Gene Ardito, President/CEO of cPort CU, who also serves on the Board, said,  "It does a lot of important work in the immigrant community, and it aligns with credit union values of 'people helping people'."