Maine Legislature Recognizes Maine CUs


Friday, April 5, 2013

With a number of credit union representatives in attendance at the State House in Augusta, the Maine House and Senate passed and highlighted a Joint Resolution recognizing the "important value and role of Maine's credit unions to the people of Maine."  The Joint Resolution was part of Maine CU Day at the State House, which took place recently in Augusta.

The Joint Resolution stated, in part, that "Maine consumers save $38 million annually by using a credit union, as a result of lower and fewer fees on products and services, lower interest rates on loans and higher interest rates on savings."  It also highlighted the significant commitment to community-service on the part of Maine's credit unions including raising nearly $500,000 in 2012 for ending hunger, volunteering more than 40,000 hours and a number of other initiatives and activities in local communities across Maine.

"We appreciate being recognized by the Legislature for playing an important and positive role in the lives of our 625,000 members, and in communities throughout Maine," remarked John Murphy, President of the Maine Credit Union League.