PORTLAND, Maine (1/22/13)--The Maine Credit Union League has provided the credit union perspective this month in multiple media interviews on topics germane to credit unions.
League comments to the media ranged from credit union efforts on financial elder abuse and new mortgage rules, to new technology, to changes and policies, to dress codes in the wake of a rash of robberies (Weekly Update Jan. 18).
The week of Jan. 7-11, Maine Public Radio reached out to the league to get credit unions' perspective on new mortgage rules issued by the Consumer Financial Protection Bureau.
"A lender isn't helping a borrower by granting a loan they can't afford," said league President John Murphy in response. "Although I think the intent of the new regulations are spot on, the million dollar question is, and it's too early to know the answer, what about these unique circumstances where people have seasonal income? Is that threshold of 43% the magic number? We will wait and see."
On Jan. 15, the league's efforts resulted credit unions' participation in discussion on elder financial abuse on Maine Public Radio's Maine Calling Show. Gail Richardson, president/CEO of Midcoast FCU in Bath, who is active on a task force to combat the financial exploitation of the elderly, highlighted what credit unions do to help.
The league also responded to a Bangor Daily News (BDN) inquiry for the credit union viewpoint regarding members wearing hoods into the branch. The BDN spoke with several credit unions and other financial institutions and told what steps financial institutions and other stores are taking to reduce the threat of robberies.
In December, the league helped to coordinate a story for Mainebiz's Banking & Finance Issue. The story highlighted new technology credit unions are implementing, including the use of video tellers at Five County CU in Bath, and Portland-based cPort CU's adoption of new apps that allow remote deposit of checks.
Also, credit unions again were part of a special section, titled "The Big Bank Theory," in the December Portland Magazine. The section highlighted credit unions and many of their strengths.