Amidst Record CU Membership In Maine, 730 Expected To Attend Maine CU League's Annual Meeting & Convention

May 11, 2015

The Maine Credit Union League will hold its 77th Annual Meeting & Convention this Friday, May 15, and Saturday, May 16, at the Holiday Inn by the Bay in Portland.  With credit union membership in Maine setting another new record as of year-end 2014 at more than 651,000 members, a crowd of 730 credit union representatives and guests are expected to attend.  

An action-filled program featuring national and dynamic speakers will be addressing this year’s Convention including Scott Burrows, a star athlete and competitor who played college football at Florida State University under the legendary coach Bobby Bowden and was a top-ranked kick boxing champion whose last fight was broadcast on ESPN.  In 1984, Burrows was in a serious automobile accident that left him paralyzed from the chest down.  Scott’s recovery defied all diagnoses, and he will share his inspirational story in the Opening Session.  In the Closing Session on Saturday Morning, Mark Eaton, a former NBA All-star who had a 12-year career in the NBA with the Utah Jazz, will share with attendees his story of how he went from a 7’4”, 21 year-old mechanic who couldn’t play basketball to a successful playing career.  Today, Eaton, whose story is in the process of being turned into a feature film, is an accomplished entrepreneur, speaker, trainer and coach.  In addition to Burrows and Eaton, well-respected, renowned and award-winning speaker, Jackson Hataway, Ph.D, will share his expertise on strategic planning and leadership, at the Convention.  There are also a number of workshops on industry-specific topics scheduled for attendees.

In addition to the keynote and featured speakers, Congressman Poliquin is scheduled to address the Convention at some point.  

"The Maine Credit Union System is a lasting example of what can be accomplished when an industry cooperates and collaborates with the best interests of its members in mind.  We have a dynamic program that highlights the innovation, opportunities and success that is happening among Maine credit unions and our 651,000 members right now, and focus on the future, as well” stated John Murphy, President of the Maine Credit Union League.

2014 year-end stats show reflect record membership in Maine’s credit unions at 651,405 members, an increase of more than 14,000 net new members over 2013.  Total combined assets grew at a healthy rate of 4.7% for the period to $6.43 billion.  During 2014, loans also had robust growth went up by more than $261 million, a 6.3% change, while deposits reported steady growth of 4.0% and now stand at $5.45 billion.