Legislators Praise Maine Credit Unions, Many Proudly State Their Membership

April 3, 2015

Maine credit unions were the talk of Augusta on Thursday, April 2 and, according to most legislators, the love for credit unions is "bipartisan."  A Joint Resolution passed by the Maine House and Senate "recognizing Maine's credit unions," hundreds of conversations and interactions between credit union officials and legislators, and many legislators proudly announcing "I love my credit union," were among the highlights of the Annual Maine CU Day at the State House.

The two-hour event, which took place in the Hall of Flags at the State House, drew a huge crowd of both credit union officials and legislators.  Nearly 125 credit union representatives and more than 80% of legislators spent time attending the event.  "We were really pleased with the turnout and participation from both credit union officials and legislators.  It was nice to see a strong presence by credit unions in Augusta, and many legislators acknowledged the significant attendance," explained John Murphy, President of the Maine Credit Union League.

Among the attendees were the seven legislators with direct credit union ties, including five legislators who are credit union volunteers.  Many other legislators, though without any direct relationship, made it a point of noting their credit union membership and their appreciation for the benefits and value of their local credit union.

"Credit unions are an important part of the financial services landscape in Maine, and the structure of credit unions as not-for-profit financial cooperatives is popular in Maine, as evidenced by the continued surge in total membership," added Murphy.