Maine CUs flock to state House for legislative meetings
April 3, 2015
WESTBROOK, Maine (4/6/15)--The Maine State House's Hall of Flags was filled with one of the largest turnouts ever of credit union representatives at the Annual Maine Credit Union Day Thursday.
Nearly 125 credit union officials were joined by at least that many legislators at the event in Augusta. More than two-thirds of the state's credit unions had at least one official in attendance.
During the event, the Maine Credit Union League facilitated discussions between credit unions and their local legislators (Weekly Update April 3).
"This is an opportunity for attendees to not only talk about credit union issues but to also talk about issues specific to their region with their legislators," said league President John Murphy. "There is such a personal connection created at Credit Union Day that strengthens existing relationships and builds new ones through face-to-face communications."
Among the highlights of the day was a joint resolution passed by the Maine House and Senate recognizing Maine's credit unions for "their extraordinary service to Maine consumers and the important and vital role that credit unions play in the lives of the more than 651,000 Mainers who belong to a credit union."
The league developed a comprehensive briefing paper to help credit union attendees highlight the credit union difference and note priorities and issues of interest to credit unions for the current session.
"Because there are so many new legislators, it is important to talk about both our important issues and the difference between credit unions and banks," said Elise Baldacci, the league's director of governmental affairs.
Among the issues discussed with legislators were foreclosure, including possible changes such as streamlining the process; financial education; childhood hunger; data breaches; and regulatory challenges.