PORTLAND, Maine (6/12/13)--The Maine Credit Union League will mark and celebrate its 75th anniversary at its Annual Meeting and Convention Friday and Saturday in Portland, Maine. More than 750 credit union representatives from across Maine are registered to attend.
U.S. Sens. Susan Collins (R-Maine) and Angus King (I-Maine) have prepared special videos congratulating the league on its 75th Anniversary.
Also as part of its 75th anniversary, the league has invited a number of past credit union leaders from across Maine to participate in a celebration billed as "a reflection of the past, as well as a strong focus on the future." Other plans include a special video highlighting the 75th anniversary and commemorative banners and displays.
"We have a lot to celebrate as an organization and as a movement," said John Murphy, league president/CEO. "Our 75th anniversary provides an opportunity to celebrate our past and to look ahead as we begin our next 75 years. It should be a very special convention and meeting."
Other key speakers at the convention include two members of Maine's congressional delegation, U.S. Reps. Mike Michaud (D-Maine) and Chellie Pingree (D-Maine), Bill Cheney, president/CEO of the Credit Union National Association, and Jim Morris, the inspiration for the movie, "The Rookie." Lee Wetherington, director of Strategic Insight for ProfitStars, will present an opening session focused on strategic foresight in financial services.
The meeting comes at a time when credit union popularity in Maine is at an all-time high with more than 625,000 members using a Maine credit union, and record totals in most other measurement categories.
Year-end statistics show that total assets at credit unions increased nearly 5% last year, as combined assets at Maine credit unions exceed $5.88 billion. Loans also increased in excess of $225 million, a 6.2% increase, while deposits grew by 5.4% to top the $5 billion mark for the first time.