Maine Credit Union League News & Views

Volume 3 - Number 7 - June 29, 2018 | Print
Legacy of Young & Free Maine leaves strong foundation for Maine CUs to build upon

Seth Poplaski (r), the first Young & Free Maine Spokester, helped launch Young & Free Maine program in 2011.

For years, the challenge was known – How to attract young adults to become credit union members?  ...Read the full article »

Hike the Hill trip proves a worthwhile advocacy ‘exercise’

“When it comes to advocacy, few things top spending actual ‘face time’ with our elected officials.  The power of bringing nearly 20 credit union leaders to Washington, D.C., for the sole purpose of spending time talking with members ...Read the full article »

At halfway point of year, Maine CUs’ Campaign for Ending Hunger has lots of optimism

While the first half of 2018 is, by no means, a predictor of the second half, it is certainly a reason for optimism when considering the 2018 Maine CUs’ Campaign for Ending Hunger and what the fundraising total for the year will be.

Consider ...Read the full article »

For Financial Education, 2017/18 School Year was better than ‘fair’! It was record-setting!

If Maine credit unions were getting graded for the success of the award-winning Financial Fitness – Money Management Experience fairs during the 2017/18 school year, there is little doubt it would be an A+.  While some financial education activities ...Read the full article »

Classroom engagement is a growing part of financial education outreach for some CUs

Some of the thank you notes written by kindergarten students to Kelly Marie at Gardiner FCU thanking her for her time spent this past year teaching about financial education.

During the school year, Kelly Marie at Gardiner ...Read the full article »

‘Retire on Track’ Fairs are a powerful financial education tool for other demographics

Last year, the Maine CU Financial Literacy Council announced that the ‘Retire on Track’ Fair was now available in Maine.  Thanks to support from CUNA Mutual Group, the ‘Retire on Track’ fair is available for all CUs to utilize ...Read the full article »

Chapters share stories of contributing

From financial fitness fairs to fundraising, credit union chapters in Maine play a vital role in promoting the cooperative spirit of credit unions.  In recent months, various credit union chapters in Maine shared stories of involvement from their ...Read the full article »

Because of CUs, communities are richer places

Maine credit unions have a long history of enriching the lives of their members in the form of fewer and lower fees and higher dividend rates.  But, that’s not the only way in which communities are richer because a credit union is part of it.  ...Read the full article »

CUNA Mutual offers Maine CUs valuable insight into what drives multicultural consumer behavior

CUNA Mutual Group, a valued partner of the Maine CU League, not only provides a variety of products and services but also shares extensive research on a variety of topics.  This month, CUNA Mutual provides results from research it conducted on what ...Read the full article »

Compliance Corner: July 2018

The latest Q & A on a compliance issue, as provided by the League’s General Counsel at Norman, Hanson & DeTroy.

Question:  We have a construction loan agreement with a Member who is having a house built, and the Credit Union ...Read the full article »

Honor Roll »

From certificates to designations, check out the latest list of individuals from Maine credit unions recognized for their accomplishments.

The following individuals was awarded a certificate and/or designation for completing a program in May.  Congratulations.

CUA

Frontline Basics
Jessica Hamden, Down East CU
Alexis Prescott, Down East CU

Introduction to Credit Unions
Jessica Hamden, Down East CU
Alexis Prescott, Down East CU

Money and Negotiable Instruments
Jessica Hamden, Down East CU
Alexis Prescott, Down East cu

Business Communication Skills
Alexis Prescott, Down East CU

Managing Member Accounts
Alex Prescott, Down East CU

CCUFC

Certified Financial Counselor
Brett Mulligan, Down East CU

Event Calendar – July 2018
5 Member Services Webinar (in partnership with CU Webinar Network), Determining a Legal Entity for Purposes of Beneficial Ownership, Online
10 Member Services Webinar (in partnership with CU Webinar Network), IRA Series: Understanding IRA Beneficiary Designations, Death Distributions and Required Minimum Distributions, Online
11 Member Services Webinar (in partnership with CU Webinar Network), Handling Federal Benefit Payments: Protections, POAs, Delinquency and Death, Online
12 Synergent Payment Services Webinar, Maximizing Your Transaction Journal Research, Online
12 Member Services Webinar (in partnership with CU Webinar Network), Auditing Your Loan Portfolio: Consumer, Commercial and Real Estate, Online
16 Member Services Webinar (in partnership with CU Webinar Network), Electronic Business Records: Seven Steps for Effective and Compliant Management, Online
17 Member Services Webinar (in partnership with CU Webinar Network), Marketing Series: Developing, Maintaining and Sustaining Brand Loyalty, Online
18 Member Services Webinar (in partnership with CU Webinar Network), Consumer Debt Series: Reducing Consumer Loan and Collection Losses: Workouts, Forbearance, Restructuring and More, Online
19 Member Services Webinar (in partnership with CU Webinar Network), Loan Review: Consumer, Commercial and Real Estate, Online
25 Member Services Webinar (in partnership with CU Webinar Network), Director Series: Assessing Credit Risk for Directors, Online
26 Member Services Webinar (in partnership with CU Webinar Network), Wire Transfer Security: Regulatory Guidance, Risk Management and Monitoring, Online

Words of Wisdom

“In the truest sense, freedom cannot be bestowed; it must be achieved.”

-Franklin Delano Roosevelt