July 5, 2010 Recently, thirteen Maine credit unions were recognized as the 2010 state honorees of the Dora Maxwell Awards for Social Responsibility, the Louise Herring Philosophy In Action Awards and, for the first time, the Desjardins Award for Youth Financial Education. The winners in each asset category will compete in the National Awards program in the fall. A Maine credit union has received a first or second place award in the national competition in eight out of the past eleven years, a record that is unmatched in the country.
The Awards are part of a national awards program coordinated by the Credit Union National Association (CUNA).
Professionals from the Maine Public Relations Council judged the awards, which honor Credit Unions for community and/or member service efforts during the past year, a year that again saw the Maine Credit Union Movement accomplish significant achievements in community-service activities and special initiatives for members.
In fundraising, Maine Credit Unions raised nearly $1.2 million for various causes including $375,923.93 for the Maine Credit Unions' Campaign for Ending Hunger, $60,000 for Maine Special Olympics, $55,000 for the Children's Miracle Network, $50,000 for the Maine Children's Cancer Program, $30,000 for Haiti Relief efforts and many more. In addition, Maine credit unions volunteered nearly 24,000 hours for community organizations and activities across Maine. As a result of this consistent commitment and dedication to the credit union philosophy of 'people helping people', Maine is one of the nation's strongest credit union movements in community-service involvement.
Maine's credit unions also provided significant initiatives to members that highlight the credit union difference, such as special low or no interest loans for fuel assistance, programs for financial education and other programs to help members in difficult times.
The 2010 recipients of the Dora Maxwell Award for Social Responsibility, established to encourage Credit Union involvement in community projects and activities, are: (listed by asset category and the location of main office)
Credit unions with $20-$50 million in assets
Community Credit Union, Lewiston - First Place
Great Falls Federal Credit Union, Lewiston - Second Place
Credit unions with $50-$100 million in assets
Central Maine Federal Credit Union, Lewiston - First Place
Credit unions with $100-$200 million in assets
Oxford Federal Credit Union, Mexico - First Place
PeoplesChoice Credit Union, Saco - Second Place
Five County Credit Union, Bath - Honorable Mention
Maine Family Federal Credit Union, Lewiston - Honorable Mention
Credit unions with $200-$500 million in assets
Atlantic Regional Federal Credit Union, Brunswick - First Place
The 2010 recipients of the Louise Herring Award for Philosophy In Action, which formally recognizes Credit Unions that demonstrate in an extraordinary way the practical application of the Credit Union philosophy, are: (by asset category and location of main office)
Credit unions with $50 million or less in assets
Community Credit Union, Lewiston - First Place
Credit unions with $50-$250 million in assets
Central Maine Federal Credit Union, Lewiston - First Place
Maine Family Federal Credit Union, Lewiston - Second Place
Five County Credit Union, Bath - Honorable Mention
University Credit Union, Orono - Honorable Mention
The 2010 recipient of the Desjardins Youth Financial Education Award, which recognizes Credit Unions for outstanding work with youth financial education and financial literacy, is: (listed by asset category and location of main office)
Credit Unions with $50 million or less in assets
Community Credit Union, Lewiston - First Place
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