What's More in Maine

With Credit Unions, it’s Always a Team Effort!

2012-01-26T16:27:00.002-05:00

On Sunday, January 29, from 7:30 a.m. to 4:00 p.m., a record number of more than 250 players and nearly 50 teams will take to the court to help swish-out childhood cancer at the 18th Annual Dr. Noel Paradise Memorial Swish-Out Childhood Cancer Challenge. Coordinated by Maine’s credit unions, this is a 3-on-3, co-ed tournament of adults with the majority of teams representing area businesses. For the second year, the event features a Junior Swish-Out tournament, consisting of nearly 50 middle school students (grades 6-8). Additionally, there are two divisions for the Swish-Out Tournament with a 'Just For Fun' Division and an Elite Division that is by invitation only.

This event sees support from credit unions throughout the state, whether through a sponsorship, donating an item to the event’s Silent Auction, or even lacing up their sneakers and organizing a team to play!

While the teams are sold out, attending the event is a great way to show support for this important cause. Come and enjoy the tournament and bid on items in the Silent Auction – including Red Sox tickets and an autographed Boston Celtics jersey! Admission is free! All money raised goes to the Maine Children's Cancer Program! Click here for more information.

Ending Hunger Night at the Red Claws – A Great Game for a Great Cause

2012-01-19T12:37:00.002-05:00

Start the New Year with a slam dunk for Ending Hunger! The Maine Red Claws Basketball team will host Ending Hunger Night on January 27, 2012 at 8:00 p.m. For every $12 ticket sold, $2 will go to The Maine Credit Unions Campaign for Ending Hunger! Click here to purchase tickets online.

Click here for a special message from the Red Claws!

Like! Maine Credit Unions Attend Special Facebook Event

2012-01-18T08:35:00.000-05:00

On January 17, representatives from Maine’s Credit Unions joined business owners from throughout the state to attend Facebook’s “Small Business Boost” in Augusta. Maine’s U.S. Senator Olympia J. Snowe, who is Ranking Member of the U.S. Senate Committee on Small Business and Entrepreneurship, was the event’s special guest. In her remarks, she touched on the importance of Facebook for growing businesses today, describing it as “word of mouth – but on steroids.” She said that the continuing success of Maine’s small businesses is a priority for the state, as well as the U.S. Chamber of Commerce and National Federation of Independent Business (NFIB), who also co-hosted the event. “Small businesses are the lifeblood of the state’s economy,” Snowe said. “In today’s marketplace, it’s all about engagement. It’s not an easy environment, but we’re going to help you get there.”

Attendees then heard from Facebook employees, who explained why and how businesses should use Facebook to build loyalty, connect with current customers and their friends, and keep the dialogue going by soliciting feedback and engaging the customer. Other tips included posting at least one time per week, using page ads and sponsored stories, giving fans a “sneak peek” at new products or events, or holding contests and other online events.

Click here to see what Maine Credit Unions are up to on Facebook!

Sharing That Breaks Records! Over 1,219,000 Shared Branching Transactions in Maine in 2011

2012-01-12T14:34:00.003-05:00

Shared Branching transactions in Maine soared in 2011, coming in at a total of 1,219,361 transactions. With over 150 credit union branches across Maine, the Shared Branch Network has more branches than any single bank in Maine, a fact that credit union members are clearly taking advantage of. And, with over 4,400 locations nationwide, it is a benefit of credit union membership that members can take with them, wherever they go!

“This high number of total transactions illustrates how Maine Credit Unions are meeting the consumer demand for convenience through this expanding network of Shared Branches,” John Murphy, President/CEO of the Maine Credit Union League, said. “Sharing the fact that we have more branches than any single Maine bank is an effective way to attract new members, especially Gen Y, a demographic that is important to the continued growth of credit unions.”

Resolve to Save with Shared Branching

2012-01-04T15:44:00.004-05:00

If “saving” is on your resolutions “to do” list for the New Year, “sharing” can bring you closer to your goals! Because many Maine Credit Unions are part of the Shared Branch network, using Shared Branching is a resolution that can save you both time and money. From emergencies to every day errands, the ability to use nearly 145 locations in Maine and more than 4,400 nation-wide just like your own credit union can make managing your money as simple as finding the nearest shared branch.

It is an easy, fee-free way for college students to stay connected to their account as they begin their spring semester, and lets snowbirds enjoy their warmer winter weather worry-free. Does the nearest branch close before you can make it in? Head to a Shared Branch that offers extended hours! Make deposits, withdrawals loan payments, and account transfers. Some even offer money orders, travelers checks and official checks. However you use it, Shared Branching is a convenient way to save time and money! Finding a branch couldn’t be easier!

To find a nearby Shared Branching location in Maine, click here! For a listing of the thousands of nationwide locations visit www.cuservicecenter.com, or call 1-800-919-CUSC (2872). Or, go mobile with a free iPhone app, called Find Branch, which maps out the nearest location, providing hours, directions and a phone number. For more information, visit iTunes, or your iPhone's App Store.

D. Dionne
Maine Credit Union League

5 New Year’s resolutions to keep in your wallet!

2011-12-30T11:26:00.000-05:00

Another year has come and gone, and now it’s time to make your New Year’s resolutions. With Occupy Wall Street and Bank Transfer Day bringing finances to the forefront, maybe one of the most important resolutions is to stay on top of your finances. Most people either try to tackle their resolutions and quit, or they forget about their New Year’s resolutions by February. The biggest reason for this is because we set our goal too high or too broad.

Here are five tips to help you control your finances in 2012, based on a recent article on Moneyland.com.

1. Use cash for small purchases. Make 2012 the year you try to pay for small things, like a cup of coffee, with cash. Or maybe you make a rule to spend only cash on items totaling less than $10. Studies have shown people are more aware when they pay with cash, so you may find yourself spending less.

2. Pay off one debt. Whether it is a credit card, car loan, or a student loan; choose one to pay off this year. Tackling one debt at a time will seem more manageable then trying to eliminate all your debt at once. The satisfaction you will get from completely paying off that one thing might push you to eliminate one more, and even if it doesn’t, that is one less debt you have to pay off next year. Just make sure you don’t replace the debt you are paying off by creating another one.

3. Make saving automatic. Everyone needs to have an emergency account, but saving money for unforeseen events is difficult. Try taking as little as $15 from each paycheck and putting it into a separate savings account. Odds are you won’t even miss it if you have the money automatically deducted from your account. It can be as simple as sacrificing one lunch or dinner out a week.

4. Look into a credit union if your accounts are somewhere else. If there is one thing that came from Bank of America’s proposed $5 monthly fee, it is that everyone needs to look at the fees their financial institutions are charging and what you are getting from it. Take some time to really look into any charges on your account, things like overdraft protection and out of network ATM fees can really add up. Also take the time to weigh what features you really want out of your account; is online and mobile banking more important to you than brick and mortal locations, or do you prefer a vast ATM network.

5. Keep track of your money. Many credit unions offer text alerts. These alerts let you know when you have a low balance so you don’t end up getting an overdraft fee, or they let you know if there is a transaction over a certain amount.

Keeping track of what you are spending can not only save you money, but it can also help protect you against fraud by letting you know if your account has been compromised. Happy new year!

Want to go fee-free in 2012? SURF into the New Year!

2011-12-27T12:04:00.004-05:00

If you’ve used an ATM from another financial institution, you probably received a holiday gift you didn’t ask for – climbing ATM fees! Luckily, many Maine Credit Unions are part of the SURF ATM Network. That means you have access to more surcharge-free ATMs across Maine than just about anyone. Credit union members can save at least an average of $300 a year on surcharge fees when using the SURF network - one of the largest ATM networks in the state! With the SURF network, ‘no fees’ means just that—not only will you see no fees at your ATM, there are no hidden fees anywhere else! In addition, a number of SURF ATM locations give thousands of Maine credit union members the ability to not only access cash but to also make deposits, surcharge-free.

Finding one of the over 200 surcharge-free ATMs in Maine is much easier than keeping your New Year’s resolutions! An iPhone app allows you to find surcharge-free ATMs in Maine from your current location! Headed on vacation? Find out where to get fee-free cash wherever you are! The iPhone app is free, and lists all SURF ATMs, contact info, and mapping instructions. Visit the iTunes app store and download it today!

Click here for a complete listing of the SURF ATM locations in Maine!

Credit Union Share the Spirit of Stress-Free Holidays!

2011-12-20T16:03:00.002-05:00

The spirit of the season can be felt at Maine’s Credit Unions! Whether it be a festively decorated lobby or the warm wishes of a member service representative, carrying on the traditions that matter are an important part of the credit union movement.

Along with the gift of great service, Maine Credit Unions also offer the gift of convenience. Share Branching is a great way to make sure you have your shopping money as easily and quickly as possible, with the ability to deposit a check or take out cash at many locations throughout the state. The remedy to the fee-laden ATMs often “conveniently” located in malls? The SURF ATM Network, where you can find fee-free ATMs wherever your shopping adventures take you.

At credit unions, you also have the peace of mind of knowing your money is safe, secure, and federally insured. Because at this hectic time of year, our plates are full enough with not only the results of our cookie swap, but with the busy schedules of the season!

Happy Holidays from Maine’s Credit Unions!

Custom Checks Help End Hunger!

2011-12-14T11:13:00.001-05:00

The next time you are in need of checks, ask your credit union about the Maine Scene check. This design is a custom check offered to Maine Credit Unions, and is available at the same low price as other checks, with the added benefit of having $.50 per order donated to The Maine Credit Unions’ Campaign For Ending Hunger! Visit your credit union to stock up today, while benefiting this wonderful cause!

Savings Bonds are now Saving Paper!

2011-12-12T08:14:00.002-05:00

Planning to buy a savings bond? Paper savings bonds will no longer be sold at financial institutions, including credit unions, after December 31, 2011. But they’re not going away - electronic savings bonds can be purchased online through TreasuryDirect. You can open a free TreasuryDirect account today at www. treasurydirect.gov.

Already have paper savings bonds? No worries, existing paper bonds are still valid and will earn interest for 30 years from the issue date or until redeemed.

As always, your credit union is a great resource for any financial questions you may have. Give them a call, or stop by your local branch!

Stressed by Holiday Spending? Join the Club!

2011-12-07T08:09:00.000-05:00

The “Christmas Club” that is! Credit unions have been offering this simple way of saving for decades, but the idea has never been more relevant.

A Christmas Club is a short-term savings account that usually pays out the full account balance to its account holders once each year, right before Christmas. Christmas Club accounts also typically pay depositors monthly interest.

It is a simple, stress free way to save for the holidays, and make the most of your yuletide budget. However, remember that opening the account doesn’t mean you are immune to overspending. Before opening account, decide how much you want to spend on each gift recipient, and set a clear budget. Additionally, when opening a club account, be sure to read all of the information given so you are aware of the details on how Christmas Club money can be disbursed.

Many Maine Credit Unions offer Christmas Club Accounts. Find the one that’s right for you!

Ending Hunger Walking Tour Crosses Finish Line for the 10th Time!

2011-12-02T08:19:00.004-05:00

On Wednesday, November 30, the Tenth Annual Maine Credit Unions’ Ending Hunger Walking Tour came to a successful conclusion with a special ceremony at Maine Savings FCU at 11:00 a.m. Brenda Davis, Executive Director of Cross Roads Ministries and Food Pantry, completed her month-long journey to a record-setting 75 communities by receiving a special conclusion contribution from the Maine Credit Unions’ Campaign for Ending Hunger.

This year’s Tour visited the most communities, and covered the most miles in its history. The Walk encompassed a record of more than 1,500 miles, with approximately 700 of that on foot, and visited a record-setting 75 communities from Kittery to Madawaska. The Tour visited every Maine county for the sixth consecutive year. At each of the 84 credit union branches Davis visited, she received a contribution from the Campaign as a way to support her cause. This year, the Maine Credit Unions’ Campaign for Ending Hunger also made a $110 donation to a food pantry in each of the 75 communities that Davis visited. In all, The Maine Credit Unions’ Campaign for Ending Hunger contributed nearly $30,000 to help end hunger through the Tour.

Young & Free Maine Spokester Seth Poplaski joined Brenda Davis in crossing the finish line at the conclusion of the Ending Hunger Walking Tour

Bangor FCU Uses Shared Branching Competition Winnings to Share Turkeys with Mainers in Need

2011-12-01T09:26:00.002-05:00

More Mainers have come to benefit from Maine Credit Unions’ “Share It and Save” Competition, during which credit unions throughout the state directed members to a microsite, ShareItAndSave.org, where they could share their own financial tip. Each month, the member who shared the most unique tip was awarded $250! The campaign included a credit union competition, in which the credit union who had the highest percentage of members share tips won $2,500 to present charity of their choice. Bangor FCU of Bangor, Maine came out on top, with their members contributing 17% of the tips and 0.6% of their membership participating. The credit union chose to use their winnings to purchase 250 turkeys for a turkey drive held by a local radio station, WBZN Z107.3 FM, and challenged other businesses to match what the credit union purchased.

This donation was instrumental in making the drive the station’s most successful one ever. Held from November 15 - 17, this was the 13th "Free the Z" event. Morning personality and Program Director Arlen "Kid" Jameson lived in the Brewer Hannaford Parking Lot during that time, with the goal of collecting 2,011 turkeys which would be given to Manna Ministries for distribution to clients and redistribution to food pantries throughout Eastern and Central Maine. This year, WBZN exceeded their goal, collecting 3,134 turkeys.

Shared Branching can also help you during the busy holiday season, whether you need cash unexpectedly, or need to make a deposit away from home to add to your gift giving fund! Click here to find a location wherever your shopping adventures lead you!

No sleigh? Here are some ways to make holiday travels hassle-free!

2011-11-28T10:07:00.003-05:00

If you haven’t already hit the holiday roads for Thanksgiving last week, there still may be some travels in your future. With the weather showing its milder side (for now anyway), now is the perfect time to prepare your vehicle for the road ahead. Maine’s Young & Free Spokester Seth Poplaski speaks from experience and shares his own road trip tips! Click here to view his video!

Speaking of travel, this week marks the conclusion of the Tenth Annual Maine Credit Unions’ Ending Hunger Walking Tour. On Wednesday, November 30, the walk will come to an end with a special ceremony at Maine Savings FCU in Hampden. Brenda Davis, Executive Director of Cross Roads Ministries and Food Pantry, will complete her month-long journey to a record-setting 75 communities by receiving a special conclusion contribution from the Maine Credit Unions’ Campaign for Ending Hunger. This year’s Tour visited the most communities, and covered the most miles in its history. The Walk encompassed a record of more than 1,500 miles, with approximately 700 of that on foot, and visited a record-setting 75 communities from Kittery to Madawaska.

Should you pass a credit union along your winter way, stop in to see how you can support their ending hunger efforts!

Don’t Just Talk Turkey, Give Thanks by Giving Back!

2011-11-18T10:16:00.003-05:00

On Thursday, November 17, the Maine Credit Unions’ Campaign for Ending Hunger, in partnership with Good Shepherd Food-Bank, celebrated the sixth anniversary of Maine’s first “Food Mobile” at the Good Shepherd Food-Bank’ Distribution Center in Brewer. Since its inception in 2005, the Food Mobile program has distributed 2,280,743 lbs of food throughout the state.

In addition to the ceremony, to coincide with Thanksgiving, the Maine Credit Unions’ Campaign for Ending Hunger provided funds to purchase 125 twelve-pound turkeys for food pantries across Maine to distribute to families in need.

This is one example of how at this time of year, giving back is the perfect way to give thanks for everything that makes you happy – and with so many volunteer opportunities to choose from, you’re sure to find one that will make you even happier. Check out http://www.volunteermaine.org/. There, you can search opportunities based your interest, whether you want to work in a thrift shop or food pantry, or spend time driving the elderly or reading to or tutoring children. There is even the opportunity to be a foster “parent” to a kitten!

Another great way to make a difference is to visit a local credit union, and see how they are working to end hunger in your community. From selling CDs and candles, to holding bake sales, there are many ways you can help your credit union give back.

Happy Thanksgiving!

The Ultimate Way to Fight Fees? Experience the Credit Union Difference!

2011-11-03T10:00:00.005-04:00

Here are some other ways that joining a financial institution that has fewer and lower fees has many other great benefits!

• Credit unions live their people-helping-people philosophy every day – from serving their community, to helping members through difficult times

• Credit unions make both becoming a member and being a member easy, with services such as switch kits to make joining easy, online banking to make conducting transactions easy, and staff that are always there to help to make your life easy!

• No matter where you live, you are eligible for membership in one or more Maine credit union

• Credit unions provide the same financial services as banks, including checking accounts, debit and credit cards, online banking and bill pay, IRAs, mortgages, car loans and more

• Thanks to Shared Branching and the SURF ATM Network, there are CU branches and ATMs wherever you go!

• These benefits are nothing new to credit unions - this is how they have always conducted business – and how they always will!

Make the switch today at a credit union near you!

Maine Credit Unions Celebrate Credit Union Day with 10 Months of Saving, Sharing

2011-10-25T08:11:00.001-04:00

After a campaign that brought member interaction, increased Shared Branching transactions and money to both members and a charity of a winning credit union’s choice, Maine’s Credit Unions’ Share it and Save campaign concluded on International Credit Union Day, October 20. During the ten-month campaign, credit unions throughout the state have directed members to a microsite, ShareItAndSave.org, where they could share their own financial tip. Each month, the member who shared the most unique tip was awarded $250! The site also features a Shared Branch Locator, with which users can enter an address or intersection to find the three closest Shared Branches. The campaign included a credit union competition, in which the credit union who had the highest percentage of members share tips won $2,500 to present charity of their choice. Bangor FCU came out on top, with their members contributing 17% of the tips and 0.6% of their membership participating. The credit union used a variety of lobby collateral and online banner ads to promote the program with their members.

Members also benefited, with 11 happy winners of $250 coming from different credit unions. The winning tip for September was submitted by Town & Country FCU member Diane Unni of Biddeford, Maine, with the tip, “My husband and I are saving for a trip to Italy...we put AT LEAST $1.00 a day into our ‘Italy Jar’...we are half way there!” International Credit Union Day was truly a reason for celebration for Midcoast FCU member and Brunswick resident Wanda Johnson, who won $250 for this winning entry in Maine Credit Unions’ Shared Branching Savings Tip Competition: “When my car was paid off, I made the payment to myself every month. 5 years later I had $9,000 for a down payment on a new car!” Due greatly to credit unions’ high level of participation in this campaign, Maine Shared Branching monthly transactions had the largest growth from July through September 2011 during the peak of the campaign, a 48% increase in transactions during the campaign period over the same period in 2010.

Three Videos to Celebrate International Credit Union Day

2011-10-20T08:19:00.003-04:00

In celebration of International Credit Union Day, eight Young & Free spokespeople for credit unions across the United States and Canada have come together to create three new music videos highlighting to benefits of credit union and the ways they give back to their communities.

Tha Way 2 B

CU Romance

Don't Stop Learning

Celebrate Credit Union Week with Membership – Your Own!

2011-10-17T08:32:00.001-04:00

With new fees being introduced at some financial institutions, it’s refreshing to hear about one that can actually save you money – a credit union! According to Credit Union National Association (CUNA), a Washington, D.C.-based trade group, consumers save more than $6.7 billion a year in lower fees and better lending rates by using credit unions rather than banks. Additionally, 80 percent of credit unions provide free checking, with no minimum balance requirement and no maintenance or activity fees.

This Credit Union Week, October 16-22, credit unions and members throughout Maine and the world celebrate the many ways credit unions are not only working with you, they are working with each other to better serve you! Services like Shared Branching and the SURF ATM Network mean that you not only save money on fees, but have the convenience of having a branch or ATM available wherever you go! And what’s more, credit unions often celebrate Credit Union Week with food, games, or even giveaways! So along with gaining a financial institution that’s a true partner, your credit union can also brighten your day!

Happy Credit Union Week!

Maine CUs Set Aside Millions To Offer Special Fuel Loans For Winter

2011-09-29T09:07:00.001-04:00

With the arrival of fall and the price of heating homes continuing to be significantly higher than last year, a number of Maine credit unions are reinforcing their "commitment to helping Mainers stay warm."

Nearly three-quarters of the Maine's credit unions are offering low or no interest fuel loans for the winter. Collectively, Maine's credit unions have set aside at least $5 million in available loans that are dedicated to special fuel lending offers. For more information visit www.mainecul.org.

CU Member Awarded for Top August Money Saving Tip!

2011-09-13T11:07:00.005-04:00

One credit union member can welcome the fall season in style thanks to his money saving tip, “A pack of cigarettes costs $7.20, put down the pack and save the daily cost for 365 days. WOW! $2,628.00!” Down East CU member Edgar Hickbottom of Belfast, ME, won $250 for this winning entry in Maine Credit Unions’ Shared Branching Savings Tip Competition.

Hickbottom was the August winner in this competition, which is part of a Shared Branching Campaign by Maine’s Credit Unions. Credit unions throughout the state are involved, directing members to a microsite, ShareItAndSave.org, where they can share their own financial tip. Each month, the member who shares the most unique tip is awarded $250! The site also features a Shared Branch Locator, with which users can enter an address or intersection to find the three closest Shared Branches.

SURF your way through Labor Day!

2011-08-31T14:08:00.002-04:00

After all of the “labor” involved in recovering from Hurricane Irene, Mainers are in need of a long weekend! Luckily for us, Labor Day is on its way! In addition to the opportunity for some well-earned relaxation, the weekend is also packed with fairs and festivals throughout the state! From traditional fairs, to events featuring everything from sailboats to salmon, there is something for everyone!

Click here to see what Maine has in store this weekend!

While some events are free, some may require an admission fee, which can mean the words that often strike fear in today’s consumer – Cash Only. Luckily, members of most Maine Credit Unions have access to the SURF Network – and over 200 fee-free ATMs throughout the state. Click here to find one near your Labor Day destination!

Happy Labor Day!

-Diana D., Maine Credit Union League

Plan now for financial life after graduation

2011-08-24T11:00:00.001-04:00

The last year of college is full of hopes and expectations. In many cases, one of the not-so-wonderful new developments will be the need to start making student loan payments.

To establish a good credit record, you need to pay on time, every time. (Timely repayment can sometimes reward you with a lower interest rate.) Consider starting now to accumulate savings you can use for those first loan payments until you have a regular paycheck. Here’s how to do it:

1. Get a part-time job. Bonus points if you can you find a job or start a business connected with your major!

2. Live like a student. That means continually hunting for special deals, student discounts, and other ways to save money. Be a smart financial consumer: don’t waste money on overdraft fees, or charges for using out-of-network ATMs – the SURF ATM Network is a great resource for CU members!

3. Start saving. Once you start squirreling away savings, consider putting them in a Roth IRA with us. Young people in a low tax bracket are ideal candidates for Roth IRAs, which provide tax-free income later in life if you pay income tax now (which should be minimal) on your money.

Here’s to a great senior year!

Need Wheels? Maine Credit Unions Have Loans!

2011-08-16T12:37:00.002-04:00

With college students heading back to school, and Maine’s winter weather looming, many may be wishing they had a more reliable ride to help handle the months ahead. Luckily, Maine credit unions offer car loans at rates that can’t be beat! Despite an economy that has prompted many lenders to pull back, lending is accessible and strong at Maine's credit unions.

More than the ability to get a loan at a trusted financial institution, choosing a Maine Credit Union for your loan is a decision that will save you money! The most recent study on the Economic Benefit of Credit Unions To Maine Consumers found that consumers saved more than $14 million annually by having an auto loan with a Maine credit union instead of another financial institution.

Click here to find a credit union and begin the lending process today!

Coaching Kids To Stretch A Buck Makes A Memorable Back To School Lesson!

2011-08-08T08:18:00.001-04:00

Back to school shopping is more than a fun way to beat the end of summer blues, it is also an opportunity for parents to share lessons on fiscal responsibility. A leader in financial education, Maine’s credit unions are encouraging parents to have their children participate in the shopping experience, from making a list to explaining about sales and coupons. Studies indicate that parents who encourage their children to participate in the shopping process provide their children with an opportunity to gain valuable experience in how money works and are more likely to develop strong money management skills.

With back to school sales already underway, it's time to make a plan and start shopping!

Here are some ideas to make the most of your back to school shopping experience:

1. Coach your kids on the concept of budgeting. Explain that spending too much now means there may not be enough later for something else they want.

2. Set a budget that encourages them to plan. Provide each child a set amount for their back to school needs and help them stick to that budget.

3. Help them inventory school supplies left over from last year. Can they reuse backpacks, notebooks, sports equipment or any other necessary items?

4. Ask them to make a list of what they really need. Have their needs really changed since the last school year? If a new outfit is essential for the first day of school, can they mix in clothes from their closet later on?

5. Hold a yard sale of outgrown or unneeded items to raise money. While you’ll probably want to oversee the sale, encourage your kids to get involved in the pricing, set-up, and selling. They’ll value the profits more, having worked for them.

6. Avoid paying full retail price. Start with charity and consignment shops. If you do need to buy new, peruse sale flyers and search for online coupons first. Above all, stick to your shopping list.

7. Consider sharing with the less fortunate. Many communities have an organization that provides back-to-school items to truly needy kids.

Share it and Save!

2011-08-04T08:49:00.002-04:00

Maine’s credit unions have launched the website ShareItAndSave.org! There, credit union members can share a financial tip to be posted on the site. Each month, the member who shares the most unique tip is awarded $250! The site also features a Shared Branch Locator, with which users can enter an address or intersection to find the three closest Shared Branches.

Here are some of the winning entries!

“Why pay for cable when there are videos and TV shows to watch on the internet for free!”

- Tia, Durham

“I collect the change that my two teenage daughters leave laying around the house and when they need money I give it to them!”

- Jessica, Orrington

“Instead of buying wrapping paper for birthdays or holidays, hide the gifts and give the receiver clues to find.”

- Nancy, Van Buren

“I bought a voltage reader and the electronics that use the most energy remain unplugged until ready for use.”

- Michael, Lewiston

“Select a number of days per month where you do not spend any money. Make it a challenge!”

- Daniel, Jay

To share your savings tip, and to find a Shared Branch near you, visit ShareItAndSave.org.

Summertime and the living is delicious!

2011-08-01T08:29:00.003-04:00

While August may mean that summer is winding down, there is one part of the season that is still in full (and delicious) swing – Maine’s farm stands and farmer’s markets! This time of year, there is plenty of produce that is just reaching its peak – think corn, cucumbers and tomatoes (which also sounds like a great idea for a salad). Looking ahead to autumn’s offerings is also a great way to beat the impending fall blues. Just think of fresh apple cider, cheerful pumpkins and ghoulish gourds!

The abundance of local produce in Maine is not only delicious, but frequenting local vendors is also an easy way to cut down on your grocery bill (have you seen the price of supermarket lettuce?!).

And, while it seems that there is one around every corner this time of year, here is a website that lets you search for a farmer’s market near you!

Happy eating!

-Diana D., Maine Credit Union League

Raise your paw if you love summer!

2011-07-21T09:21:00.003-04:00

Summer in Maine has endless adventures in store for all Mainers – including ones of the four legged variety. From runs on the beach, hikes in the woods, or even in this recent heat wave, lounging in front of an air conditioner, having a pet to enjoy the season with makes summer even sweeter.

The long warm days may inspire you to look for a new furry family member. While it’s easy to focus on what you’ll get from your new pet (unconditional love, a happy face to greet you, and the inability to stop talking in a baby voice), it is also important to consider what your new friend will mean to your wallet.

Here are just some of the expenses that pets can pack on:

• Price of your pet: Whether you buy your pet from a breeder, or adopt him, there will be some initial price to pay. Knowing how much you are willing to pay will help you decide the type of pet you will get, and where you will get him.

• Food: While puppies are small, they do get bigger. The bigger the dog, the more food they will eat. Something to think about!

• Pet care for when you travel: If you travel, there will likely be times where you cannot bring your pet, and may need to pay for boarding or someone to come and “babysit”.

• Vet bills/Medicine: Even healthy pets need shots and checkups, and with the summer often meaning tick season in Maine, anti-tick medication is often a must.

• Toys/supplies: Here’s where you can get creative! My new puppy is currently in love with an old tennis ball, as well as older toys my other dog has discarded…while the older dog now must have the puppy’s new toy. Bottom line - puppies don’t need the fanciest toys to be entertained, so don’t break the budget there. Instead, invest in necessities such as a quality collar, leash and crate.

• Replacements items: All puppies seem to have something they just MUST chew. When my older dog was a puppy, we went through four remote controls in a very short time. No matter how hard you try, where there are puppy teeth, there will be some damage.

If you think these are expenses you can fit into your budget, then it is time to start the puppy search! And in the end, how can you say no to that face?

-Diana D., Maine Credit Union League

From North to South, Maine’s Young & Free Spokester Celebrates Summer with Maine’s Credit Unions

2011-07-20T12:21:00.008-04:00

In a trip that led him from the potato fields to the baseball dugout in the span of a few days, Young & Free Spokester Seth Poplaski recently spent time connecting with Maine’s 25 and under crowd at popular summer events. He began his journey in Fort Fairfield at the Annual Potato Blossom Festival, where the now famous, brightly-colored Young & Free vehicle was a part of the festival’s parade on July 16. Poplaski was joined by representatives from local credit unions, who helped hand out giveaways to the crowd.

“I had a great time in Fort Fairfield being a part of the Potato Blossom Festival. I was able to talk to many people about Young & Free Maine and the impact it could have on their lives, and also the benefits of joining a credit union,” Poplaski said. “It was my first trip up to that area of northern Maine, and it definitely opened my eyes to how big of an economic impact potatoes have on our economy.”

The colorful Young & Free car could then be spotted on the highway as Poplaski headed south to attend a Sanford Mainers baseball game on July 18. There, he greeted fans, and even took part in a water balloon toss.

“As an avid baseball fan, I jumped at the chance to go watch a summer game featuring the Sanford Mainers. Although they didn't come away with a win, I enjoyed watching the teams compete and talking to the fans of the Mainers and credit union members,” he said. “I was also invited to go on the field in the sixth inning and be a passenger on the ‘Moose Mobile’. What a great opportunity!”

Find out what's next for Seth at youngfreemaine.com!

The Sounds of Summer Music in Maine

2011-07-11T12:13:00.004-04:00

The hills of Maine are alive with the sound of music. From Brownfield on the New Hampshire border to Lubec’s easternmost point in the United States, our summers are filled with extraordinary music and musicians.

Our favorite venue for music is Carol Noonan’s Stone Mountain Arts Center in Brownfield. She uses Maine’s vacationland image to capture big acts that like to visit here in the summer. Down East in Lubec, an amazing collection of international musicians gathers each summer, putting on Wednesday evening performances.

From Rockland’s now-famous Blues Festival, scheduled for July 15, 16, and 17, to Saddleback Mountain’s Bluegrass Revival August 12 and 13, you can see world-class musicians right here in Maine.

The American Folk Festival in Bangor puts a punctuation mark on our summer each year. This must-not-miss-event is scheduled for August 26, 27, and 28 and is international is scope, with venues small enough to get you close to the musicians, great food, and a terrific celebratory air. Linda and I plan to be there the entire weekend this year.

And if those kids or grandkids are getting antsy, consider a visit to the Department of Inland Fisheries and Wildlife’s Maine Wildlife Park in Gray. Every weekend they offer special programs for kids as well as adults, and the animals there are sure to keep the children entertained.

Sing your way through summer!

- George Smith.

For more travel news, go to a www.georgesmithmaine.com for the Travelin Maine(rs) Blog.

Central ME FCU Member Wins Cash For Sharing Unique Money Saving Tip!

2011-07-05T12:27:00.002-04:00

One Maine credit union member received more than savings on his electricity bill when he shared his money saving tip, “I bought a voltage reader and the electronics that use the most energy remain unplugged until ready for use.” Central ME FCU member Michael Albert of Lewiston, ME won $250 for this winning entry in Maine Credit Unions’ Shared Branching Savings Tip Competition.

Albert was the June winner in this competition, which is part of a Shared Branching Campaign by Maine’s Credit Unions. Credit unions throughout the state are involved, directing members to a microsite, ShareItAndSave.org, where they can share their own financial tip. Each month, the member who shares the most unique tip is awarded $250! The site also features a Shared Branch Locator, with which users can enter an address or intersection to find the three closest Shared Branches.

There are currently over 140 Shared Branching locations in Maine, and over 4,300 locations across the country and internationally. To find a location near you, or to share your savings tip, visit ShareItAndSave.org. Or, for a listing of the thousands of nationwide locations, visit www.cuservicecenter.com.

Shared Branching Makes for “Winning” Summer Travels

2011-06-22T12:07:00.002-04:00

Here are some ways that Shared Branching makes traveling this summer a breeze!

So you won big in Vegas? You can deposit your winnings right into your Savings Account (and bypass the other slot machines)!

If your Vegas trip takes another, less lucrative direction, there are 17 Shared Branching locations within 10 miles!

If your novice surfing skills result in a lost wallet in Hawaii, a tropical Shared Branch will help to keep your vacation sunny!

Wherever you go – a stolen debit card doesn’t have to steal your entire trip. A Shared Branching location is an easy way to get cash fast – after a call to your credit union to make sure your account info stays safe, of course.

Or, if your travels include a large purchase of an item bought online, a quick visit to a Shared Branch at your destination saves you the need to travel with a large quantity of cash.

Wherever you go and whatever you do, it’s easy to find a Shared Branch in Maine or nationwide!

-Diana D., Maine Credit Union League

Seth Poplaski is Maine’s First Young & Free Spokesperson!

2011-06-13T09:47:00.004-04:00

On June 10, in a surprise party in his honor, Maine’s Credit Unions announced that Seth is the 2011 Young & Free Maine Spokesperson!

Seth is a 2009 graduate of the University of Maine, and a Bangor resident. While he is currently employed at the Texas Roadhouse, he will be now trading in his cocktail shaker for some great new gear, including a Mac Book Pro and HD video camera – not to mention use of a new car for his year as our Young & Free spokesperson.

A longtime credit union member, Seth’s outgoing personality and journalism background prompted friends, family and even credit union employees to encourage him to apply for the position. In his campaign, Seth drew on his love of sports, coffee and all things Maine to connect with his fellow Gen Y-ers.

From a video featuring his slack lining technique, to reaching out to local media, Seth proved that he has the writing skills, on-air presence and ability to communicate with Maine’s 25 and under crowd that make him an obvious choice for this exciting new opportunity.

Welcome Seth! Be sure to follow Seth’s adventures in this new position at www.youngfreemaine.com

-Diana D., Maine Credit Union League

NorState FCU Member Wins Cash For Sharing Unique Money Saving Tip!

2011-06-08T09:06:00.002-04:00

‘Sharing’ has taken on a new meaning for one Maine credit union member, who recently won $250 for her winning entry in Maine Credit Unions’ Shared Branching Savings Tip Competition. NorState FCU member Nancy Dumand Violette of Van Buren, ME is the competition’s May winner for sharing this tip:

“Instead of buying wrapping paper for birthdays or holidays, hide the gifts and give the receiver clues to find.”

The competition is part of a Shared Branching Campaign by Maine’s Credit Unions. Credit unions throughout the state are involved, directing members to a microsite, ShareItAndSave.org, where they can share their own financial tip. Each month, the member who shares the most unique tip will be awarded $250! The site also features a Shared Branch Locator, with which users can enter an address or intersection to find the three closest Shared Branches.

Click here to share your savings tip, and the next winner could be you!

SURF, Shared Branching Help Make Memorial Day Memorable!

2011-05-26T08:08:00.003-04:00

With what seems like weeks of rainy weather (hopefully) behind us, the idea of a long weekend getaway is even more appealing! While we can’t ensure that the weather will be wonderful, Maine’s credit unions can make sure that your long weekend travels are memorable for great reasons (say, finding a hidden gem of a restaurant) instead of for less great ones (such as being stranded with a flat tire and no access to cash).

While my travels aren’t taking me out of the state – only a couple hours north to attend a concert in Bangor, I know that I won’t have to add “stocking up on cash” to my pre-trip to do list. Rather, I can visit one of the several SURF ATMs in the area, and even use this search tool to find one near me! iPhone users can even simplify the process by downloading the SURF iPhone App!

Should any unexpected events cause me to need to access my credit union account, there are also several Shared Branching locations throughout my travel route, where I can be assured access just as if I were at my own credit union branch! Check out the many Shared Branching locations in Maine or across the nation, and celebrate the weekend worry-free!

Happy Long Weekend!!

Diana D., Maine Credit Union League

Vote for Your Voice!

2011-05-23T16:21:00.005-04:00

The time has come to vote for Maine’s first-ever Young & Free spokester! After an impressive field of 26 applicants submitted video applications, the Top 3 finalists were revealed on May 20! They are: Becca Hodgdon from South Berwick; Monique Pelletier from Presque Isle; and Seth Poplaski from Bangor.

Maine’s credit unions have been connecting with young adults through this statewide search for a person between the ages of 18 and 25 years-old for to represent Generation Y (ages 18 to 25) as the 'Spokester' (spokesperson) for the Young & Free Maine program. Connecting with young people through social media networks, local events and more, the Young & Free Maine Spokester will develop entertaining educational content, tips and tools to help members of Generation Y manage their day-to-day lives and finances.

The finalists will each be posting a “challenge” blog and video soon, and from what we’ve seen from them so far, they are sure to knock your socks off!

Visit YoungFreeMaine.com to cast your vote today! Voting will be open until noon on Monday, June 6.

- Diana D., Maine Credit Union League

Credit Union Member Wins Cash For Sharing Unique Money Saving Tip!

2011-05-09T10:55:00.002-04:00

One Maine credit union member is heading into the warmer months with an extra $250 to spend, thanks to their winning entry in Maine Credit Unions’ Shared Branching Savings Tip Competition. Bangor FCU member Jessica Anderson of Orrington, ME is the competition’s April winner for sharing her tip, “I collect the change that my two teenage daughters leave laying around the house and when they need money I give it to them!”

The Competition is part of a recently launched Shared Branching Campaign. Marketing materials direct members to a microsite, ShareItAndSave.org, where they can share their own financial tip. Each month, the member who shares the most unique tip will be awarded $250! The site also features a Shared Branch Locator, with which users can enter an address or intersection to find the three closest Shared Branches.

There are currently nearly 140 Shared Branching locations in Maine, and over 4,300 locations across the country and internationally. To find a location near you, or to share your savings tip, visit ShareItAndSave.org. Or, for a listing of the thousands of nationwide locations, visit www.cuservicecenter.com.

Spring into Financial Literacy!

2011-04-26T15:21:00.001-04:00

Did you know that April is Financial Literacy Month? Don’t worry if you didn’t plan a party! As this month comes to a close, here are some simple ways to celebrate and grow your own financial literacy level all year long!

Set Goals
Make clear financial goals, and break each one down into several short-term (less than 1 year), medium-term (1 to 3 years) and long-term (5 years or more) goals.

Get in Balance
Balance your checkbook each month to ensure you don’t overdraw your account when conducting debit card transactions.

Analyze your energy
An inexpensive energy cost analyzer can help you cut energy use and your bills!

Move your loan to a credit union
With lower rates, moving your auto loans or mortgage to a credit union can save you money. And, with conveniences such as automatic payments, you can be sure to avoid late payment fees.

Spend less than you earn
Pay yourself first. Your credit union can help you with this by automatically withdrawing money from your checking account and putting it into savings or an investment account.

Be Accountable
Take advantage of your credit union’s Holiday Club Account. Beyond saving for the holidays, this can help you save for major purchases, or ensure that you have money set aside it you need it.

Establish an emergency fund
Keep the money safe by putting it into a low-risk, accessible account such as a savings account or money market account.

Know your score
Review your credit reports to make sure all information is accurate, and get it corrected if it is not. This is particularly important as you prepare to make a large purchase such as a car or home.

Get connected
Sign up for remote access with your credit union. It’s the easiest way to keep an eye on your account, and gain a better understanding of how you are spending your money.

Start these good habits now, and by the time next April comes around, you will be ready to celebrate in (good financial) style!

- Diana D., Maine Credit Union League

ATV Trails - A Great Ride

2011-04-11T10:35:00.004-04:00

Maine offers spectacular trails for ATV riders. Most trails open between mid-and-late May, giving you time, if you hurry, to get a loan from your credit union to buy a machine!

The Department of Conservation’s Parks and Lands Bureau offers a great trail map, obtained by calling 287-4958. BPL’s maps are also available on-line here.

More information can be obtained at www.atvmaine.org, the statewide organization that does a superb job representing and leading Maine’s ATV clubs and riders. You should also contact your local ATV club for a more detailed map of trails in your area.

Over 4,000 miles of designated ATV trails are now available throughout the state. Several state-owned or leased abandoned rail beds provide exceptional experiences including the Aroostook Valley Trail, Bangor and Aroostook Trail, and the Jay to Farmington Trail, all owned by the Bureau of Parks and Lands.

Many of the roads on our Public Reserved Lands and Wildlife Management Areas are open to ATV use.

Wherever you ride, stick to the roads and trails that have ATV signs, and please be aware that you must have the permission of landowners to ride on private land.

The Down East Sunrise Trail, a scenic rail-trail that runs along the entire Downeast coastal area in Washington and Hancock Counties, would be a great choice for either a day-trip or multi-day trip. This trail connects several scenic conservation areas, intersects spectacular rivers (bring your fishing rod!), and runs close to two state scenic byways. There are plenty of great lodges and restaurants in the area, some accessible right from the trail,

The Bureau of Parks and Lands has an excellent map of this trail. And lots of photos and information about activities on this trail can be found at www.sunrisetrail.org.

The trail also connects to the Duck Lake trails that put you deep into the “Maine wilderness” of northern Washington County. Hit the trail!

- George Smith
Moderator for Wildfire*

*Maine’s Credit Unions partners with Wildfire, a program for outdoor enthusiasts.

There's More Wilderness to Discover!

2011-04-04T08:21:00.008-04:00

Are there mountain lions in Maine? Where’s the one place in the state that you are guaranteed to see a moose and a bear?

Mountain lions, moose, and bears are only some of the dozens of Maine critters at the Maine Wildlife Park in Gray. The park is right off the Gray exit of the Maine Turnpike.

The Wildlife Park opens on April 15 (weather permitting) and offers the best opportunity to see dozens of different members of the state’s animal kingdom in one place. All the information you need to plan your visit can be found here.

The park is managed by the Department of Inland Fisheries and Wildlife where Lisa Kane is blessed with many volunteers who staff key positions at the park. Friends of the Maine Wildlife Park provide both volunteers and funds for this very special place that excites young and old.

You can see many of the animals in the “winter views” section of the park website that offers lots of videos and other information including admission fees, a map, a list of and interesting information about the animals, and a schedule of special events. You ought to put Saturday, May 4 on your schedule for the park’s “Bear Bonanza,” scheduled from 11 am to 2 pm.

This amazing place offers close-up looks at all of Maine’s top predators including coyotes and fishers, bobcats and their bigger cousins Canadian lynx, eagles, owls (including my favorite the tiny Saw-Whet), and hawks, and more from turtles to trout. You’ll even see a new Maine critter, the opposum, and be able to visit a great museum of the Maine Warden Service.

I can’t wait to take my two grandsons on their first park visit this summer. This is a “must see in Maine” for tourists and Mainers alike. And there’s a lot to like here!

For more travel and outdoor news, go to www.georgesmithmaine.com.

-George Smith
Moderator for Wildfire*

*Maine’s Credit Unions partners with Wildfire, a program for outdoor enthusiasts.

Sharing means saving!

2011-03-18T11:48:00.003-04:00

Mainers are known for their ingenuity. When the weather can go from sunny to a snowstorm in seconds, and end of winter potholes make flat tires seem commonplace, thinking on your feet is a necessity. Mainers are also creative in how they make the most of their money, and are always finding new ways to save. Maine’s Credit Unions are giving their members a way to share their best saving tips, through the new website, ShareItAndSave.org. There, you can share a tip, and each month the member who submits the most creative tip will be awarded $250!

Here are some of the tips we’ve received so far:

“I get paid bi-weekly, so I pay my budgeted bills first, so that I'm less likely to over spend.”

“I use a CU ATM card only, that’s set up to access only my savings account so it limits the amount I can take out daily.”

“I save over $500.00 a year just by making my own coffee for my ride to work.”

“Changing my home heating source from oil to pellets has saved me over $2000/year!”

“Credit cards make it very easy to spend money, carrying cash helps me maintain financial discipline and stick to my budget.”

To view more tips or to submit your own, visit ShareItAndSave.org!

-Diana D., Maine Credit Union League

Making a “Smarter Choice” is Now Even Easier!

2011-03-10T08:10:00.004-05:00

If you are visiting this site, then you already know how to find Maine Credit Unions from Kittery to Madawaska. But have you ever wanted to find a credit union when traveling, or planning a move? Now you can! A new website, ‘ASmarterChoice.org’ offers the first consolidated and comprehensive “credit union locater” which directs users to every credit union across the country!

It is also a great place to find out why joining a credit union is such a good choice, making credit union members happy for being such a financial smarty-pants, and giving non-members more reasons to start using that credit union locator. Click here to check it out!

-Diana D., Maine Credit Union League

Are you the voice of Maine’s under 25 crowd?

2011-03-04T09:06:00.001-05:00

Maine’s Credit Unions will be launching a search for a Young & Free Spokesperson this Spring! Coming soon we will begin our search for someone 18 to 25 who can help us understand what young people really need from their financial institution, and give money management advice for those under 25 years-old.

After an online “audition” one person will be selected to be the Young & Free Maine Spokesperson. Being the spokesperson involves:
•Posting daily blogs
•Creating and posting videos
•Tweeting
•Facebook
•And attending credit union events throughout Maine

We will give more information before the end of April. If you would like to see how the program works around the country, visit www.youngfreehq.com.

Planning a Summer Vacation? Join the Club

2011-02-25T09:08:00.001-05:00

On a cold, stormy day like today, nothing sounds better than going somewhere - anywhere - where there are warm beaches instead of snow banks. Vacations are a time to relax and unwind from day-to-day stress. The last thing you want to do is spend your vacation worrying about how you are going to pay for it when the bills come. The two easiest ways to lessen the financial sting of vacations are to save before you go, and plan how much to spend while you’re away. Maine credit unions have club accounts for you to set aside money for a specific purpose, in this case, a trip.

The easiest way to contribute to a club account is by having money direct deposited into that account weekly. Estimate how much your vacation will cost; don’t forget to factor in airfare, car expenses (gas or car rentals), hotels, meals, entertainment and extra spending money. Once you have figured out how much your vacation will cost, you can decide how much you are willing to charge to a credit card, and how much cash you will need for your trip. Putting this money into a club account eliminates the temptation to make a big purchase as you see your balance creeping up.

Here are some easy tips to help you plan for your next vacation:

• Tape a picture of your dream vacation to your fridge.
• Estimate how much the vacation will cost.
• Subtract how much of the vacation expenses you want to charge on your credit cards.
• The difference is how much cash you'll need for your trip. Divide that amount by the number of paychecks you'll receive before you go on vacation. That is how much you need to save per paycheck.

It's as easy as that. Now…you can relax and go back to dreaming of white, sandy beaches, palm trees, and a stress-free vacation.

-Diana D., Maine Credit Union League

Maine Credit Unions Share the Love!

2011-02-10T10:05:00.001-05:00

While Valentine’s Day may be a few days away, this past week has been filled with many heart-warming moments from Maine credit unions.

On Monday, February 7, Maine's credit unions were joined by NBA Hall of Famer Rick Barry to celebrate their efforts towards "thawing" out hunger in Maine at the Thaw to End Hunger Celebration Event. At this annual event, credit unions were recognized for their success in raising the most funds ever for the Maine Credit Unions' Campaign for Ending Hunger, and the official, record-breaking total was announced. This year's total funds raised is $402,740.02, an increase of nearly $27,000 over last year's record!

On Tuesday, February 8, five credit unions with branches in the Midcoast region joined Governor LePage and the State Energy Office at the State House in Augusta to announce a new Credit Union program to assist consumers impacted by the recent closure of Thibeault Energy in Brunswick. The new program will offer affected consumers zero interest, no fee loans to purchase fuel.

Finally, while playing golf is currently just a daydream for most Mainers, on Thursday, February 10, credit union representatives throughout Maine came together for PeoplesChoice CU’s 8th annual Polar Bear Scramble, teeing off indoors on the state of the art golf simulators. The funds raised benefit both Maine Credit Unions’ Campaign for Ending Hunger and Maine Special Olympics.

Maine’s credit unions can even help you warm the heart of your Valentine! Many credit unions are currently selling items to benefit Ending Hunger that make perfect Valentine’s Day gifts! From CDs, to candles to wooden roses, supporting their efforts is a way to give a gift that gives twice – to your loved one, and to help end hunger in Maine!

Salute President’s Day by saving on a new car!

2011-01-24T15:51:00.003-05:00

All holidays have something they are known for. Christmas has trees and lights, Hanukkah has menorahs, and Valentine’s Day has conversation hearts. But what comes to mind when talking about President’s Day? While often underappreciated (other than the welcome day off in a cold Maine month), President’s Day is a great time to buy a car! Dealers everywhere offer great sales on both new and used cars on this day, and with a day off from work, it’s a great time to go shopping!

An easy way to make the process pain-free is to get preapproved for an auto loan at your local credit union. Known for their low rates on auto loans, many credit unions simplify the process even more by offering online loan applications. President’s Day is February 21, so click here now to find a credit union near you, and get ready for that new car smell!

- Diana D., Maine Credit Union League

There's More in Maine CU members’ pockets

2011-01-14T16:41:00.000-05:00

For nearly 20,000 members of two Maine credit unions, 2011 began with a surprise deposit - a year-end rebate and bonus. Members of Otis Federal Credit Union and Acadia Federal Credit Union received rebates totaling in excess of $700,000. For members of both credit unions, the gesture did not go unnoticed. One Otis FCU member remarked, "This is wonderful, and again highlights why I joined a credit union."

For Otis FCU, this is the sixth consecutive year the credit union has paid an interest refund and bonus. At the start of the New Year, the credit union returned nearly $350,000 to its members in the form of a 6% bonus on dividends earned in 2010 and a 6% interest refund on all loans including VISA credit cards.

Acadia FCU gave its members a 7% rebate on dividends and loan interest, which translated to approximately $350,000 in funds returned to its members. Dave Desjardins, President/CEO of Acadia FCU, explained, "We had a financially successful year despite the problems with the national economy. Our belief is that our members make us successful so we should share that success with them whenever possible. It's our way of saying 'thank you.'”

Jon Paradise, Governmental & Public Affairs Manager for the Maine Credit Union League, said about 10% of the nation's credit unions paid a year-end rebate and bonus in 2010. "However, all credit unions reinvest in their members throughout the year through better rates, fewer and lower fees, and enhanced products and services. Otis FCU and Acadia FCU are both to be commended for being able to return close to three-quarters of a million dollars to their members. In this economy, that is quite an accomplishment."

-Jess H., Maine Credit Union League

Make your New Year’s Financial Resolutions Stick!

2011-01-06T10:15:00.001-05:00

Here are some simple ways to help you stay on track!

• Make a clear plan

• Narrow your financial focus to set reachable goals

• Focus on one resolution at a time – while working to rid yourself of debt, don’t also resolve to lose 30 pounds

• Take baby steps – even if it means saving just a few dollars from each paycheck

• Talk about your plan with friends and family to help you stay accountable

• Don’t let an impulse cause you to forget your resolution. The next time you're about to make a spur of the moment financial decision, stop and think

• Don't give up if you make a financial misstep

• Keep track. Knowing where your money is going makes it easier to prevent yourself from spending where and when you shouldn’t

• Let others help you save by increasing your contributions to an IRA account or your 401(k) plan

• Don’t waste your money on fees! Many credit unions offer free checking accounts, as well as fee-free ATMs

• Make yourself save automatically, by arranging to have extra money taken out of your paycheck - either through payroll deduction or by having money moved from your checking to your savings account every time a paycheck is deposited

• Reward yourself for sticking with your resolution – just don’t do it by making a purchase!

- Diana D., Maine Credit Union League

Looking to slim down your debt? Start at a credit union!

2011-01-03T11:20:00.002-05:00

While losing weight is a top New Year’s resolution for many, losing debt is also a sure way to make 2011 a great year. One Maine credit union, Maine State CU in Augusta, is helping members reach their financial goals with the online tool, Debt in Focus. This web application analyzes a member’s debt. After answering a few questions about income and current debts, a simple financial analysis provides the user with a wealth of information, including debt to income ratios, debt payment schedules, and suggested personal action strategies to help keep the member’s finances moving forward.

Dan Emery, Marketing Specialist for the credit union, said that this is a tool that members have been using regularly, and is a great way to get started on a budget. “We want to give our members the tools they need to gain financial control. Having a budget, tracking expenses and creating a plan are the first steps in this process,” he said.

Credit unions throughout the state have many ways to help you become financially fit, from tools like Debit in Focus, to Financial Literacy fairs, workshops, as well as helpful articles and other online resources. Visit a credit union’s website, or stop in your local branch to start 2011 on the right financial foot!

-Diana D., Maine Credit Union League

Unpredictable vs. Predictable in Maine

2010-12-29T10:40:00.001-05:00

Living in Maine, we can expect that winter weather will be unpredictable. But that is not how we want to think of our financial institution. While a Maine winter might be unpredictable, your local credit union is stable and convenient. The start of the New Year is the perfect time to look into how your local credit union can help you with any unexpected hurdles that might occur.

There are countless stories telling how Maine’s credit unions have helped members weather the unexpected. Being a credit union member helped one person access their money while traveling when their car broke down during a snowstorm. Even though they weren't near their local branch, they were able to take advantage of the shared branch network to withdraw the money they needed. While we can’t predict the weather, we can predict that by using a credit union this year you can save more while gaining more convenience.

-Jess H., Maine Credit Union League

Giving the Gift of Green this Holiday

2010-12-23T14:08:00.002-05:00

Last minute shoppers still looking for the perfect holiday gift, look no further than your local credit union. That’s right, I mean giving money as a gift. A recent survey conducted by Western Union and Wakefield Research found that more than half of the respondents agreed that they would prefer to receive cash more than anything else this holiday season.

So why spend money on a gift that might not fit or that they will return? The survey found that three-quarters of consumers have pretended to like a holiday gift they received. Giving cash as a gift can make last minute shopping stress free. With cash the recipient can do whatever they want with it and its always one size fits all.

So if you are thinking of driving to the mall or department stores to battle with other last minute shoppers, think about stopping by your local credit union to take out some cash instead. Maine’s credit unions make it easy to stop by any Shared Branching location, or stop by an SURF ATM and save by not paying a surcharge fee.

- Jess H., Maine Credit Union League

Don’t Let Travel Troubles Hinder your Holiday Cheer!

2010-12-22T08:26:00.004-05:00

If you’re like me, holidays don’t only mean visions of sugarplums, but also visions of the hours of travel that are inevitable this time of year. Here are some tips to ensure that your holiday travels are not only happy, but safe!

• Check your tire tread, battery, antifreeze, windows, windshield wipers, and brakes before leaving.
• Have a trip plan and let others know when you will leave and arrive at your destination.
• Do not pick up hitchhikers.
• Have a cell phone – and charger – with you at all times.
• If you are involved in a minor accident, do not get out of the car. Lower your window slightly and ask the other party to phone the police or follow you to the nearest public area or police station.
• Consider keeping spare fuses and a "breakdown kit" in your vehicle at all times.

Being a member of a credit union that is part of the Shared Branch Network can also help you get to your destination safely. Here’s a story of how Shared Branching helped one CU member ring in the New Year!

“I was traveling down to Boston for New Year’s when my vehicle broke down. The company who came to get my car needed cash for payment and I didn’t have any on me. I had been given a paper with all the branches in Maine who participate in Shared Branching, so I looked there and found a credit union nearby!”

To ensure you can always find a nearby Shared Branch in Maine or nationwide, add the number to the Credit Union Service Centers, 1-800-919-2872, to your cell phone, or use your smartphone to access it online, at www.cuservicecenter.com. Also available is a free iPhone app, called Find Branch, which maps out the nearest location, providing hours, directions and a phone number. For more information, visit iTunes, or your iPhone's App Store.

Happy Holidays and Safe Travels!

-Diana D., Maine Credit Union League

What’s your spending breakdown?

2010-12-10T09:51:00.002-05:00

If you knew where your money was going, would you be as willing to let it go? According to Newsweek and the U.S Department of Labor, here’s is the breakdown of how we spend our annual household income: 12.99% for food, 34.43% for housing, 3.52% for apparel and services, 15.61% transportation, 6.37% for health care, 5.49% for entertainment, 11.15% for insurance premiums, and 10.45% for miscellaneous spending.

The fact that over 10% of our income is spent on “miscellaneous” items can seem alarming, particularly during this time of year, when many of my holiday purchases certainly fall in that category (although I certainly could argue that snowflake decorated Chinese takeout containers are a necessity for cookie giving!).

As the New Year approaches, it is a great time to think of rearranging your own spending breakdown, by making sure you are only spending on things that you truly need, and even letting a new category – savings – get a bigger piece of your annual income pie!

-Diana D., Maine Credit Union League

Playing Santa shouldn’t make you feel like the Grinch

2010-12-01T10:43:00.002-05:00

The holidays are just around the corner, and if you haven’t prepared your budget for holiday parties and gift giving, you may be feeling the pressure. Looking into your local credit union may help. Many credit unions offer Holiday Loans and Skip-a-Pay plans.

A holiday loan is a short-term loan to help out with seasonal expenses including gifts, decorations, and even heating oil. These loans typically come with a low interest rate and can help keep you from using a credit card with a high interest rate. A Skip-a-Pay program allows you to skip or defer a loan payment for one month; this can really free up some money for the holidays.

The best way to avoid having to worry about your holiday finances is to start a Club account. These accounts allow you to make small monthly or weekly deposits throughout the year and in most cases the money is automatically transferred into your checking account at the beginning of October. Stop by your local credit union and ask how they can help you with your holiday spending.

Jess H., Maine Credit Union League

‘Tis the season for stress? Make your holiday budget one less stressor!

2010-11-23T12:27:00.001-05:00

Holiday shopping seems to bring out two types of people; those that have been preparing for months and have already completed most of their shopping by mid-November, and those, like me, who procrastinate and are starting to realize that holidays are right around the corner and they haven’t even started shopping yet.

With only four weekends of holiday shopping left, staying within my budget is my biggest concern and my biggest stressor. Between holiday parties, shopping and trying to find time to decorate, the holidays can be stressful; why add to the list by worrying about your budget? It is easy to go over budget if you haven’t planned ahead, so take an afternoon and make a list of who you need to shop for and what you want to get them. One way I've tried to stay in budget is to set a dollar amount for each person, then shop for one person at a time and only bring the amount that I plan on spending. This can save you from buying too much and going over budget.

Another way to stay within budget is to give homemade gifts. These small thoughtful gifts often mean more to the recipient than a store bought gift. One year, I made everyone a blanket and a scarf and every year my friends still use them, which make it well worth the $20 I spent on fabric and yarn.

Jess H., Maine Credit Union League

Maine CUs take the hassle out of holidays!

2010-11-19T12:24:00.000-05:00

The holidays. Time for food, friends, family, and for many, the travel it takes to get to see them! It is a long drive to get from southern Maine, to reach the final destination of my hometown of Caribou for Thanksgiving at my grandmother’s house, but is worth every mile! Beyond the comfort of being home, as a credit union member, I have the comfort of knowing that my credit union is with me wherever I go!

Credit union locations in Maine have grown to more than 190, including 133 shared branch locations, meaning that Maine CUs now have more than three times as many locations as any other financial institution in the state! For me, that means that if I need cash in Caribou, there is a credit union there for me, and, when I travel to Madawaska for Thanksgiving #2 with my husband’s family, several credit unions will still be in my reach! In a hectic time, taking the worry about finances off my holiday plate is something to be thankful for!

Happy Thanksgiving!

-Diana D., Maine Credit Union League

A new port in the storm – Shared Branching Kiosks!

2010-11-10T08:37:00.000-05:00

As the weather starts feeling more like winter, making that extra trip becomes less and less appealing. And what’s even worse? The thought of being stranded and needing cash when your branch is nowhere to be found. Enter Shared Branching! There are countless stories of how this convenient service turned an unlucky member to happy Shared Branch user.

And now, for many CU members, Shared Branching goes beyond the branch, and even a teller, thanks to the introduction of Shared Branching kiosks! This incredible new addition to Shared Branching allows members to conduct the same Shared Branching transactions that usually require an open branch and helpful teller, through a kiosk – similar to an ATM. Using the kiosk couldn’t be easier. Once you’ve set up your account to ensure your information stays safe, it only a moment to deposit a check, make a withdrawal, or transfer funds! I recently used a nearby kiosk to deposit a check and make a quick withdrawal, allowing me to complete an errand in couple of minutes, rather than having to spend a lunch break on it!

Here is what Amy Irish, Marketing Director for University Credit Union, which now offers several of these kiosks, has seen as members begin enjoying this new convenience:

“Credit Union members and Shared Branching users have been impressed with both the technology and the ease of use of the kiosks, from the simple on-screen directions for registering to the printed check image on the receipt after making a check deposit. Members have been excited that the kiosks accept both cash and checks, as well as hold various denominations for disbursement.

The major theme we have seen across all locations of the kiosks is convenience, as it provides members the opportunity to complete their transactions outside normal business hours. As three of our kiosks are located on University of Maine campuses, we have seen great support from the student demographic who like the convenient access to their funds without having to drive to a branch!”

SURF Dude has found his top summer spot!

2010-10-22T16:51:00.001-04:00

SURF Dude knows where he will be headed next summer thanks to the winner of our SURF Dude photo competition! The winning photo was taken at Student Island on Mooselookmeguntik Lake in Rangeley, Maine. The winner, who is also a Maine credit union member, has won $300 – that is the average amount that Maine credit union members save by using a surcharge-free SURF ATM!

The contest highlighted the many beautiful places that Maine has to offer. And for every must-see location, there is sure to be surcharge-free ATM nearby! SURF is a network of over 200 surcharge-free ATMs located throughout Maine! With the SURF network, ‘no fees’ means just that—there are no fees at your ATM, or anywhere else!

Check out the winning photo below, and click here to check out the many SURF ATM locations in Maine!

It’s Time to Celebrate Credit Union Week!

2010-10-18T11:50:00.001-04:00

If you want to feel appreciated this week, look no further than your credit union! That is because from October 17-22, members of Maine credit unions will join the 184 million credit union members belonging to over 49,000 credit unions in 97 countries worldwide to celebrate International Credit Union Week. For 62 years, credit unions have set aside the third Thursday in October to celebrate International Credit Union Day. This special occasion gives credit unions an opportunity to remember their proud history, while promoting understanding and support for the credit union difference.

If you aren’t a credit union member, this is the perfect time to join! When you join a credit union, you can take advantage of the many benefits that come with belonging to an organization owned by, and focused on you, the member. Credit unions are not-for-profit, with a board made up of unpaid volunteers. Because you are an owner of your financial institution, you have an equal vote in the operations of that organization. This cooperative structure also allows all members to benefit from better rates and lower and fewer fees.

Beyond savings, the credit union philosophy of putting the interests of their members first means that your needs will always be met with exceptional service and consideration. So this week, celebrate the credit union difference by becoming a member, or stopping by your credit union to see what special activities they have in store for this special week!

2010-10-08T21:26:00.001-04:00

Shared Branching Contest in Maine

We have a winner!

Congratulations to L.D. of Augusta, the winner of our Share It Competition! She has won $500 to share with a friend or charity! Her story shares how by using Shared Branching, a car-buying adventure had a happy ending! Here is her story:

“My son was ready to buy a car, but the dealer needed a certified check! Time was running out, and a storm was coming! The car salesman found directions to the closest shared branch. We found the credit union in time; my son got his certified check and ultimately his car. We were back on the road by 5:00 pm and safely home that evening. Shared Branching saved the day!”

Congratulations also go out to our Second Place winners, T S-M from Bowdoin and K.S. from West Bath who will each receive a GPS System!

There’s more to fall in Maine

2010-09-27T16:37:00.000-04:00

Fall is officially here, and with it comes colder weather, football games and falling leaves. Fall foliage in New England draws people from across the country to enjoy the vibrant colors of the changing leaves. While the leaves don’t reach their peak until the beginning of October, if you are preparing a weekend trip you should start making plans now.

Foliage trips are a big draw for areas like the White Mountains in New Hampshire, so if you are set on going away for a weekend, you should make hotel reservations soon to ensure their availability. However there are plenty of areas for leaf peeping right here in Maine, and because of our state’s diversified climates you can take several trips at different times. Northern areas of the state such as Caribou typically have their peak leaf season at the end of September, while for southern areas such as Freeport peak season is usually mid to late October. Maine credit unions want you to make the most of your time this Fall, taking advantage of conveniences like Shared Branching and the SURF surcharge-free ATM network allow you to take your credit union with you, wherever your leaf peeping trips take you.

-Jess H., Maine Credit Union League

Members Share how Shared Branching Saved the Day!

2010-09-14T11:17:00.004-04:00

As our Share It Competition continues, credit union members from throughout Maine have shared some great reasons why they love Shared Branching! There’s still time to tell your story! Tell us your favorite sharing moment, or why you love Shared Branching by September 30, and that $500 could be yours to share! Need inspiration? Take a look at the following entries!

“My favorite sharing moment happened just this past week. My son, a freshman at The University of Maine, called telling us he was being switched out of one class he was mistakenly placed in and put into the correct class. Different class - different book. As he checked online to see if the university bookstore had what he needed, he saw that there was one used book available. He hurried over to the local credit union and because of Shared Branching, was able to withdraw the funds from his account with his hometown CU and buy the book right away. Not having to wait for a check from us, enabled him to save money with the used book get caught up on the homework! We are so very happy that Shared Branching was available!"

-T.C-M.

“I opened my account with my credit union in Brunswick when I was a teenager, 27 years ago. I have been able to keep this one account all that time, despite living in other towns, states, and countries. My favorite moment is when I made a COLOSSAL error using my debit card in Canada, and the credit union staff were incredible in getting things straightened out!”

-N.M.

-Diana D., Maine Credit Union League

When it comes to getting cash fast, nothing beats the ATM!

2010-09-08T12:13:00.004-04:00

With seemingly endless opportunities to pay for purchases online or with credit cards, it may seem like ATMs are machines of the past. Not so according to a recent study, which revealed that there are currently more than two million ATMs in service worldwide, and 300,000 to 400,000 ATMs in the U.S.

For members of Maine credit unions, accessing one these ATMs is easy- and surcharge free, thanks to the SURF ATM Network! SURF is a network of over 200 surcharge-free ATMs located throughout Maine! Credit union members can save at least an average of $300 a year on surcharge fees when using the SURF network- one of the largest ATM networks in the state! With the SURF network, ‘no fees’ means just that—there are no fees at your ATM, or anywhere else! In addition, a number of SURF ATM locations give thousands of Maine credit union members the ability to make deposits, surcharge-free.

Not only are ATMs unimpaired by technology such as smart phones- the two go hand in hand to make accessing surcharge-free ATMs even more convenient! A new iPhone app allows you to find surcharge-free ATMs in Maine from your current location! Map out vacation destinations and where to find cash. The iPhone app is free, and lists all SURF ATMs, contact info, mapping instructions and displays the new SURF mascot, SURF Dude. Visit the iTunes app store and download it today!

Click here for a complete listing of the SURF ATM locations in Maine!

-Diana D., Maine Credit Union League

Look who’s sharing!

2010-09-01T10:44:00.002-04:00

Our latest Share It! Competition asks credit union members share their favorite sharing moment, or why they love Shared Branching, for a chance to win $500! The most creative entry we receive by September 30 will make one member $500 richer, while two runners-up will win a GPS! Here are some of our latest entries:

“I like Shared Branching because you get the same friendly service as your credit union at all shared branches. They all welcome you and treat you like you opened your account with them -you're part of that family!”

“I love my credit union because they not only answered my Facebook question promptly, but they are ALWAYS so pleasant to deal with. You can hear their smile on the phone while you're talking to them. The loan officer treats us as though we are long time friends, and the online banking is so convenient! Our family will be long time members for sure!”

“I love Shared Branching because you can access your account no matter where you go! Members away at college have the opportunity to keep their accounts (where mom and dad can deposit money), and they can find a credit union near their college to do business with.”

So what do you love to share? Tell us today, and soon you could be sharing $500!

-Diana D., Maine Credit Union League

Why are we still paying more for these things? 6 ways to start saving now.

2010-08-20T09:48:00.001-04:00

Sometimes what seems like an easy, convenient buy can be secretly hurting your budget. Here is a list of 6 things that you could be wasting money on:

1. Bottled water - I know that you are supposed to drink eight glasses of water a day, but do you really need to buy bottled water? You could spend around $35 dollars for a 40 ounce Brita pitcher and a four pack of replacement filters and be able to filter 200 gallons of water. If you bought that much water in 24 pack of bottled water, it would cost you around $280.00.

2. Coffee - OK, I’ll admit, I’m guilty of this one. It just seems so convenient to stop at Starbucks to get my daily coffee fix, until you realize you are spending $4 for a fancy cup of coffee. Try creating a similar drink at home. If you want café mocha, try adding hot chocolate with milk to your cup of coffee in the morning. If you really need a frappachino, blend coffee, ice, milk and chocolate or caramel sauce to make your own.

3. Pre-cut fruits and vegetables - I’m not saying you shouldn’t buy fresh fruits and veggies, but you really need to buy the prepackaged version? Sure, pre-cut veggies and bagged salad mix do save you time, but it will end up costing you almost double compared to uncut versions. It just takes a few minutes to slice up your fruits and vegetables, and it will save you money.

4. Books - Books can be expensive, particularly new releases. Try your local library; you might be surprised at what you can find. Or try a website like BookSwim, it’s like Netflix for books. For $24 a month I can get three books at a time, when I finish one, I just mail it back in the prepaid package. If I were to buy three new books a month that would easily cost $40 a month.

5. Magazines - Why spend money on a magazine subscription when you could read the same articles online?

6. Going to the movies - Have you been to the movies lately? The price of movie tickets can cost anywhere from $8-$14 for one ticket! If you absolutely can’t wait till a movie is released on DVD, think about this: Do you really need to see the movie right away, at a new theater? Or could you pay a little less and see it at the older theater down the road that might not charge as much, or better yet wait until the movie is playing in a second-run theater.

-Jess H., Maine Credit Union League

This Back to School Season, Go Green and Save!

2010-08-16T08:15:00.003-04:00

As you prepare for and kick off the new school year, whether you (or your child) are heading to preschool or college, here are some ideas on how to make smart decisions for your wallet, and the environment!

Take stock of what you already have. Before you head to the store, take a walk around your house to see if any items, such as rulers or calculators, could be used both at home and school. Restock old binders with new paper instead of wasting money (and resources) on new spiral notebooks. Instead of buying pencils and pens, remember to grab the freebees businesses often hand out (Hint: many credit unions love to hand out pens with their logos!)

Remember to recycle. A new start often means it’s time to get rid of old things taking up space. Make sure that all those old papers, tests you’d like to forget, and even old printer ink cartridges find their way to the appropriate recycling bin, not the trash can.

Trade in paper lunch bags and plastic baggies for insulated lunch bags and plastic containers. Not only do they save money and reduce waste, but a lunch bag in your favorite color or featuring your favorite cartoon character express your personality far more that a drab brown bag.

Think before you print! No, you can’t use the excuse that you are “going green” to avoid handing in a paper, but do you really need to print that funny email?

Walk! Or bike, or even carpool. Planning extra time to get to school a greener way is well worth the effort- and gives you the joy of not having to find a parking spot!

-Diana D., Maine Credit Union League

Festivals, Music and More

2010-08-05T11:31:00.003-04:00

It is the weekend of festivals and fairs around the state -- from New Sweden to Lewiston -- there is an event for everyone. You can find Maine’s Credit Unions as one of the sponsors of the Maine Lobster Festival in Rockland from August 4th-8th, with face painting, live music, tours of a Navy Ship and a parade.

If dance or music is more your scene, this is the last weekend of the Bates Dance Festival on the Bates College campus in Lewiston. This Saturday, August 7th they are having a Young Choreographers Showcase and the Festival Finale. The Arootsakoostik Music Festival is also this Saturday in New Sweden; this event features more than two dozen Music Acts and the proceeds from the festival go to local charities.

No matter where your weekend takes you don’t forget to look for surcharge free SURF ATMs throughout the state -- just look for SURF Dude and you’ll save on surcharge fees. Send us a photo of your favorite spot this weekend and you could win $300!! Click here for more information about SURF Dude’s photo contest.

Jess H., Maine Credit Union League

We want to CU Move Your Money

2010-07-22T14:24:00.002-04:00

Many people have heard of the Move Your Money Project in the news lately; but in case you haven’t, it is a campaign that encourages people to move their primary accounts from “Too Big to Fail” banks and into local financial institutions. It has been touted by everyone from the New York Times and Suze Orman to Michael Moore; and it has led to a group of credit unions to create CU Move Your Money.

CU Move Your Money is a website that offers information and personal accounts on why people should look into their local credit unions. There is even a credit union locator on their website so you have another tool to find a credit union near you. You already know credit unions are not-for-profit, and frequently offer lower rates on loans. So what are you waiting for, visit CUMoveYourMoney.com and check it out, maybe you will join the over 5,000 people who have committed to moving their money.

-Jess H., Maine Credit Union League

Get more from your reunion (and your money) this summer!

2010-07-20T16:34:00.001-04:00

It’s reunion season, and be it for high school, college, or even band camp, the big event – and the costs that come with it, can sure sneak up on you! Here are some tips to help take some of the stress and expense out of reconnecting with old friends.

Use Facebook or other social media outlets to keep in touch with the alumni center and/or reunion committee at your former school. Even if you do not receive update requests, make a point of letting someone know each time your contact information changes, so you don’t find out at the last minute.

Start a reunion savings fund. This is particularly important if attending your reunion will require travel and accommodation expenses, in addition to fees for the reunion itself. Planning and saving ahead of time will make the cost as painless as possible.

Reserve time off from work well in advance to ensure that you are covered. Although most reunions occur during the weekend, you may need an extra day for travel.

If possible, stay with friends (or your parents!) who live near where the reunion is being held. If not, ask the reunion committee about hotel room blocks. You may be able to take advantage of reunion discounts if you stay at the group hotel.

Do your homework and connect with classmates near you to carpool to the event. If you have to fly, make airline reservations well in advance to ensure the best possible rate.

Make it worth it by making the most of the opportunity to reconnect! Get yourself in the reunion spirit by browsing through old photo albums, school yearbooks and videos, and reminiscing with friends online or in person.

Happy reuniting!

-Diana D., Maine Credit Union League

Sharing Summer Photos Could Mean More Money in Your Pocket - $300 More!

2010-07-13T11:13:00.005-04:00

After months of piling on layers to protect against frigid temperatures, shoveling snow, and braving icy roads, these summer months are a well-deserved treat. What could be better than relaxing by a lake, lounging on the beach, or enjoying a peaceful hike in the woods? Getting cash for doing just that! This summer, Maine credit unions want to reward you for sharing your favorite summer spots with us!

We want you to help us answer the question- where in Maine is SURF Dude? The new mascot for the Surcharge Free ATM Network, when you see SURF Dude, you know you are at one of the over 200 Surcharge Free ATMs located throughout Maine!

Getting a chance to take home $300 is simple- Between July 8 and October 21, let us know where you think SURF Dude should go this summer by sharing digital photos of your favorite vacation spots, through email, on Facebook as SURF Dude, or Twitter as SURFDudeME. The most creative and original snapshot will win $300 (the total dollar amount a member can save in ATM fees by using SURF over one year) on October 21, International Credit Union Day! Click here to view contest rules, and start snapping pictures of your favorite spots today!

-Diana D., Maine Credit Union League

Life after graduation: there’s more to learn about finances

2010-06-30T14:29:00.001-04:00

Let’s face it, paying back student loans is by far the worst part of college; I would rather sit through another semester with my dull, monotone American History professor than deal with repaying my loans. While I was lucky enough to get a full time job a few weeks after graduating, finding extra money in my budget for student loans is difficult enough, add in rent, food, credit cards and other expenses and it can feel like your budget is stretched to the max.

I’ll admit that I am not the best at balancing a checkbook or making a budget, so there are ways that I’ve been trying to improve. I started by using Mint.com to analyze where I was spending my money. The graphs I was able to make showed my spending habits and where I needed to cut back. By analyzing my spending and switching my payment plans for my loans, I will be able to start saving money instead of spending it.

So while this might not be where I pictured myself financially a year after graduating, at least this past year has showed how and why I need to take more responsibility for my finances. I know there are more resources out there to check out, and that credit unions are always there to help.

Jess H., Maine Credit Union League

There’s more for you to do this summer without blowing your budget

2010-06-28T12:01:00.002-04:00

Is it just me or do people really spend more money during the summer months? Between trips to amusement parks, going out to eat and shopping for summer essentials, I spend a ton of money during the warm summer months. So this summer I’ve decided to make a list of activities that won’t require me to break open that emergency piggy bank of spare change.

1. Go to the Beach… and bring your own snacks. Maine has a ton of beaches, and going to the beach is free and can be an enormous amount of fun for friends, family and colleagues. Also, during the summer months the beach will be full of people of every age, creating an environment and atmosphere for everyone to enjoy. Just make sure to pack your own lunches and snacks in a cooler. Being prepared with drinks, sandwiches and other items will save you money on concession stands and restaurants that are near the beach.

2. Have a movie night. Whether you use Netflix or a Redbox, renting movies is as easy as ever. Get a group of friends together and have everyone bring a movie, either from their own collection, or something rented and make an evening of it. Personally, my friends and I love B-list horror movies, so every few weeks we rent a movie, make some popcorn and prepare to mock some awful acting.

3. Workout in your neighborhood. My neighbor organized a weekly walk/run in my town, every Saturday morning a group of people will get together and walk/run through various trails and hiking paths in and around my town. Not only is this free, but it is a great way to get fresh air, exercise and connect with your neighbors.

4. Host a BBQ. This can easily be done on a budget. Offer to supply the location, grill and main dish, and have everyone bring a side dish or dessert. Not only will you get to hang out with friends, you never know when someone will bring a new recipe that you will love.

5. Break out the board games. When was the last time you played a board game? Dust off your favorite game, and call some friends; you’d be surprised how quickly Pictionary becomes competitive.

Jess H., Maine Credit Union League

Success by Committee

2010-06-23T12:52:00.001-04:00

Hopefully, Maine consumers have been able to realize that credit unions across the state value sharing with one another. Whether it’s an idea, a laugh or a tear, we let each other know about it. Not only do our relationships create a higher level of service and convenience to our members, they allow us to enjoy the camaraderie of being cooperative in nature. In other words, we have fun together! This is evident with the expansion of the Shared Branching and SURF (Surcharge Free ATMs) Networks.

However, these same folks may not realize that this particular concept of sharing is an important goal among credit unions. It helps us successfully develop our organizations for the future. This goal is further explained as an effort to move toward high collaboration and low competition between interdependent units.

Let me explain how credit unions are doing:

1.) High Collaboration – Like never before, credit unions are pooling together their resources to serve members at large. With Shared Branching and SURF, they can actually go into or visit different—yet participating—credit unions to conduct certain transactions or use a free ATM. We also contribute to promoting the credit union message as a whole throughout the state. I’d say we’re getting pretty good at highly collaborating!

2.) Low Competition – It is more important for a person to stay a member of A credit union rather than become a member of OUR credit union. We just feel that a credit union is a place that will benefit everyone. This thought process enables us to freely open our facilities to those in the Shared Branching Network. Need I say more?

3.) Interdependent – Basically, this term means that even though unique organizations function separately, they depend on each other for greater success. As more and more credit unions join hands, a strong and secure financial option emerges—thus becoming more appealing for a lot more Mainers. Have you ever heard that there is strength in numbers?

It sounds to me that Maine credit unions have adopted a very proactive approach to the way they do business. We want to succeed. We want to grow. We want to help more Mainers. We will partly achieve this through good, old fashioned teamwork.

Who wouldn’t want to be part of a financial group like this? GO TEAM!

-Ryan O., Lisbon Community Federal Credit Union

Maine Credit Unions’ “Share It” Competition Helps CU Bring Hope to Children in Need

2010-06-16T08:42:00.002-04:00

When Community Credit Union, located in Lewiston, ME, was revealed as the winner of Maine Credit Unions’ “Share It” competition, it was not only the credit union that came away with a prize. In this statewide contest, credit unions that are a part of the Shared Branch Network were asked to create their own “Top 10 List” on why to use Shared Branching, or what they love to share. Community CU’s entertaining film with an old fashioned, black and white movie look, which acted out 10 different ways Shared Branching benefits members, won the competition, and with that $500 to share with a charity of their choice. The credit union chose A Family For Me, a collaborative program with the Maine Department of Health and Human Services that serves as Maine's statewide recruitment initiative for foster and adoptive families.

“We allowed our employees to vote for the organization and they chose A Family For Me,” Kerry Wood, Executive Vice President for Community Credit Union, explained. “We have an employee who lived in many foster families throughout her life and from her stories have learned the value of this program and its service.”

“Currently in Maine, 155 children are waiting for an adoptive family,” said Grace Cleaves, Executive Director for A Family For Me. “This donation will help us connect potential adoptive parents with children whose only wish is to be a part of a family.”

For a complete listing of Shared Branching locations in Maine, visit the Shared Branching section of www.mainecreditunions.org. Or, for a listing of the thousands of nationwide locations, visit www.cuservicecenter.com.

-Diana D., Maine Credit Union League

Maine CUs Lend Imagination to Lending a Hand

2010-06-09T09:30:00.002-04:00

When it comes to helping others, Maine credit unions not only go the extra mile in their efforts to make a difference, they also strive to find unique ways to capture the attention and creativity of their communities by raising funds in new and different ways! This week, two special events focused on a cause close to Maine credit unions, Ending Hunger. On June 7, the Maine Credit Unions’ Campaign for Ending Hunger shared two types of “bread,” the kind used for toast, and the kind used to buy food, with two food pantries in each Maine County at the sixth annual Share the Bread event. A total of $17,000, one of the largest, single-day contributions to multiple hunger organizations ever in Maine, was presented that day.

On June 8, one credit union raised funds for the cause by hitting the greens, armed with not golf clubs, but Frisbees for a Disc Golf Scramble. While skill levels ranged from getting a “hole in one” to many discs finding their ways into bodies of water, the good spirits and significant funds raised for Maine’s hungry made every toss worthwhile!

-Diana D., Maine Credit Union League

There is more to help teens budget

2010-05-25T16:16:00.000-04:00

April was Financial Literacy month, but that doesn’t mean you have to wait another year to teach your children about managing money. Here are some tips to teaching your teenager how to start a budget they can stick to.

Smart money managers know exactly how much money they can count on coming in, and exactly how much money they need to spend on bills and day-to-day purchases. This way they know how much they can set aside to save for their bigger financial goals. And again, it all comes down to making a budget. By creating a budget you will see where all your money goes, decide if that’s how you want to continue spending it, and make a plan to buy the things that are really important to you.

The first rule of budgeting is spending less than you earn, and to do that you need to determine your income and estimate your required expenses, and your discretionary expenses. A teenager’s income may include a salary from a job, allowance, and birthday money. Expenses may be a cell phone bill, or gas money to drive to work and school. However, paying yourself comes first. This means putting money into a savings account on a regular basis. After you have subtract your required expenses from your income, you can use the money left over for your discretionary expenses, like clothes, pizza, video games, and other expenditures.

For a sample budget and a worksheet to create your own budget; and additional resources for parents and children about money management and personal finance visit http://www.mainecul.org/interior.php/pid/4/sid/14/tid/9.

-Jess H., Maine Credit Union League

Start saving for retirement now, so you won't worry about it later

2010-05-17T12:41:00.003-04:00

There is a whole new group of College graduates getting ready to enter the job force, and even though they are stepping into an unsure job market there are steps they can take now to secure their future. A big part of that is starting to save for retirement, and while the idea of paying back college loans seems daunting enough, now is the time to start saving for retirement.

The College Board estimated that one third of students graduating with a bachelors degree have college debt exceeding $20,000. But time is on their side, the average 22 year old graduate has 43 years before retiring at age 65, 48 years if they work until age 70. Here are a few steps on how to start saving for retirement now.

1) Meet with a financial planner- They can help you examine your current finances including college debt and help you establish and plan long term goal for retirement, planning a family, traveling or even going to graduate school. You can find a planner near you at PlannerSearch.org*

2) Start saving for retirement now- Even if you can only save $5 a week, give some thought to investing in an IRA and make a plan on how to contribute to it regularly. And when you qualify for an employer 401(k) plan, try to contribute the maximum allowed, especially if your employer matches it.

3) Buy used- There are some times where spending more for high quality make sense, such as a good suit for job interviews. But why spend a ton of money to furnish an apartment when you can scour yard sales and thrift stores?

4) Create a budget- Make it a habit to track your spending weekly, whether you use paper or go electronic, tracking your budget is crucial.

5) Start and emergency fund- Have enough money saved to cover up to 6 months of basic living needs. You can start small by cutting back on your daily coffee trips and put the money in an interest-bearing account.

6) Get tax help- If your finances are simple you might be able to do this on your own. But as they get more complicated it’s a good idea to get help from a tax professional. They know how to spot ways you can save money.

7) Check your credit report- You can receive a free credit report from three main credit reporting agencies once a year to check for inaccuracies and I.D. theft. Don’t order all three reports at one time though, stagger them throughout the year to catch and problems.

8) Get insurance- Good news if your employer doesn’t cover your for health insurance, under the new federal health care reform law you can stay on your parent’s health insurance until age 26. But don’t forget about auto, rental insurance and disability insurance.

9) Check your investments- Meeting with a financial planner can help you examine your investment choices and make sure they still meet your goals.

10) Do your homework- Do you research on the economy, investments and savings options.

-Jess H., Maine Credit Union League

Are wedding bells in your future? Don’t forget to factor in finances!

2010-05-12T15:50:00.003-04:00

June is traditionally the month of weddings. And in Maine, where there is only a short window of time when one could comfortably wear a wedding dress without needing a parka and snow boots, this is especially true! No matter when you decide to tie the knot, one thing is for sure- your “perfect day” doesn’t come for cheap! The Association for Wedding Professionals International estimates that the average wedding costs between $21,000 and $24,000. While it’s easy to get caught up in the endless details of choosing flowers, food, cake, shoes invitations…Don’t forget the big picture- nothing goes by as fast as your own wedding, and when it’s over, you will want to be happily married- not unhappily in debt.

You can cut back on some of the stress that comes with planning a wedding by starting you plans far before the big day. That will give you time to search out the best buys for your money, as well as to save up for it. You can start by opening a Club Account at a credit union- it’s an easy way to put money away, without feeling like you are making a huge sacrifice. And, while your busy planning your future with your spouse to be; don’t neglect to discuss your financial future as well. Whether you plan on keeping your finances separate or want to combine your assets, why not take the opportunity to start another lifelong relationship- with a credit union!

-Diana D., Maine Credit Union League

What do pets and credit unions have in common? The link is loyalty!

2010-05-05T15:05:00.002-04:00

Loyal, reliable, and furry. If you have a dog, you know that in that lovable package, you have a best friend who is always there when you need them. The same (minus the furry part) can be said of credit unions. More than being a safe and secure place for your money, credit unions are always there to help in times of need, from providing financial advice, to offering smaller loans to help you through difficult times.

Another way that your pet and finances are connected is that whether their needs are basic or they are treated like the king of the castle, pets cost money! Make sure to factor your pet’s expenses into your budget. Depending on the size (or appetite) of your dog, food costs can range from $250-700 per year! In addition, most dogs do not live on kibble alone- I know I wouldn’t want to have to explain a treat shortage to my dog Charlie! If vet bills are a concern, many credit unions offer Pet Insurance, making dealing those expenses more manageable.

So today, why not take a couple minutes to brighten your day? Give your pet a hug, and look into joining a credit union!

-Diana D., Maine Credit Union League

Credit Unions are Experts in Lending…a Hand!

2010-04-29T14:27:00.003-04:00

For Maine CUs, the credit union philosophy of ‘People Helping People’ extends far beyond offering lower rates, fewer fees, and the non-profit structure that makes credit unions unique. Credit union employees are out in their communities making a difference each day. These efforts were recently highlighted during National Volunteer Week (April 18-24), when the Maine Credit Union movement's unique volunteer program called Credit Unions Share for ME released the final results of volunteer efforts by Maine's credit unions in 2009, and the amount of hours credit unions spent volunteering in their community. A grand total of 23,945.5 volunteer hours were documented by credit union staff and directors from January 1-December 31, 2009, the second highest mark in the program's history!

If 23,945.5 hours can be accumulated just from Maine CU employees, think how many could be racked up if we all pitched in. With warm weather (minus recent hail and flurries!) finally here, there’s no reason not to get out there and get helping! Need some motivation? You can find a volunteer opportunity that meets your interest, availability and location at www.volunteermaine.org. Happy Volunteering!

Diana D., Maine Credit Union League

Get a Glimpse of a Real Financial Fitness Experience!

2010-04-22T09:12:00.003-04:00

Thanks to Maine’s credit unions, high school students from across the state are getting the opportunity to get a glimpse of what it means to make decisions about their financial future, without the consequences! This is the idea behind the regional Financial Fitness Fairs hosted by Maine’s credit unions each year.

The Financial Fitness Money Management Experience is a half-day event during which students receive a scenario packet of their life at age 22, which includes their occupations, income and credit history. From there, students map out their financial future from financing their housing to purchasing food and clothing. They also experience the consequences that come from having a high or low credit score, a great advantage compared to the many who only realize what a credit score is when they are declined for a loan! Not only does this dose of reality give students an incentive to start preparing for their future today, it also gives them a greater appreciation for the challenges their parents are faced with each day.

To find out more about how Maine’s Credit Unions can help you gain a better understanding of your finances, or for more information about Financial Fitness Fairs, click here.

-Diana D., Maine Credit Union League

It’s Time for Spring Cleaning!

2010-04-16T08:52:00.003-04:00

Tired of washing windows? Why not take a break from housework, and tackle a spring cleaning project that could really use your attention- your finances! Whether it is as simple as balancing your checkbook, or as daunting as paying off that credit card, the relief that comes with not having to stress about money can feel even more satisfying than a clean closet.

Or, why not simplify your life by moving your money, from your savings account to your car loan, to a credit union? Not only will you save time by only having to deal with one financial institution, you can also save money, as credit unions are known for their great rates and fewer fees.

If your financial situation is messier than your sock drawer, a credit union is also a great place to start. They can give you guidance on how to take control of your finances, and will work with you to help you get back on your feet.

The Maine Credit Union League also has a variety of resources for both youth and adults, with links to organizations that can help, where to go to check your credit score, activities to promote financial literacy at a young age, and more! Click here to find out more.

-Diana D., Maine Credit Union League

One CU Member Has $500 More to Share as Our Share It! Winner

2010-04-12T09:41:00.002-04:00

Congratulations to P.W. of Augusta, the winner of our Share It Competition! She has won $500 to share with a friend or charity! Her story shares how by using Shared Branching, she was able to share with someone in need:

"I, like many other hard working citizens, found myself in a rather precarious financial situation. A member of my church encountered an emergency situation that needed immediate attention. The person affected did not have the funds to take care of the emergency. A number of folks were rallying together to assist this person. I desperately wanted to help, but did not have the funds right at that moment. I shared this with my sister, and she understood that I desperately wanted to help, and wanted to help me. We brainstormed the different ways that $$ could be shifted from her to me, so that I could help. All of the brainstorming ideas failed to make funds immediately available.

Then, suddenly, she said, "Wait -do you use a credit union?" I replied that I did. She said that she remembered seeing something about Shared Branching at her credit union. She did some quick research and sure enough, her credit union and mine both had Shared Branching. She immediately went to her credit union and made arrangements to have $$ transferred from her credit union account to mine. The funds were available almost immediately. I went to my credit union, withdrew the funds and passed them along to the person who was overseeing the effort to assist the person in need.

Without Shared Branching, I wouldn't have been able to help another person. Shared Branching helped a person, help a person, to help a person. What a wonderful thing!”

We received many great examples that showcase what Sharing Branching is all about- making life better for Maine people as they share time, money, or simply the convenience of Shared Branching.

Congratulations also go out to our Second Place winners: N.R. of Topsham, N.L. of Great Pond, and E.D. of Presque Isle, who will each receive a GPS System!

What's More in Maine? Sharing!

2010-03-26T15:59:00.009-04:00

As our Share It Competition comes to an end on March 31, we’d like to share a couple more entries that demonstrate the sharing spirit of Maine’s Credit Unions:

My favorite sharing moment occurred on a day in August when my two sons received prize money for their art entries at the fair. My youngest son received $12 and my older son received $10. Without thinking, my youngest son handed his older brother a dollar and said "now we have the same amount". This type of gesture, from either boy, is not rare. As their mother, it certainly warms my heart.

-B.P., Bowdoinham

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My favorite Shared Branching moment was just last week when I was preparing to take my son skiing for the day on Friday. I was at home packing all the gear skis, boots, poles, snacks, camera, cash....oops! We all know skiing costs money. Big Money! It was already too late to go to a local branch and we were planning to leave at 6:30 AM. That's too early for my credit union’s hours. Then I remembered shared branching. Looked up the list and found a CU in South Paris. I was able to leave on time, make a stop to visit my Mom in Norway and hit the credit union for the cash need for our day on the slopes. If not for Shared Branching I would have been buying half day tickets and given my son a half day of fun!

Thanks Maine Credit Unions, for being consumer owned and oriented!

-S.T., Saco

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There’s still time to share! Click here for more information, and to submit your entry by March 31. We’ll announce the winner online on April 2.

-Diana D., Maine Credit Union League

Credit Union Contest Highlights Convenience of Shared Branching

2010-03-16T13:21:00.001-04:00

To kick off the new Shared Branching Campaign, Share It! we asked credit unions to create their own “Top 10 List” on why to use Shared Branching. Here are some excerpts from these entries that feature some the best reasons to use Shared Branching!

“A member came to me because his son, who is at school in Utah, lost his debit card. Rather than wait several days for a new debit card to access his money, I gave his dad a list of our shared branch locations in the city where his son goes to school. The dad called his son from my office and gave him the list. Within an hour, the son had accessed his account at a shared branch location. Both dad and son were thrilled.”

“While visiting your brother out of town, he tells you that he would be happy to pay you the $5,000.00 that he borrowed from you, only he doesn’t want you traveling with that much cash. You surprise him with a shared branch location right down the street. He no longer has an excuse not to repay you.”

“Wiring or mailing funds can be costly and unsafe. Funds can get lost in the mail, the price of postage always on the rise, and wire transfers have fees. You can conduct these transactions with Shared Branching instead!”

“Shared Branching exhibits the Cooperative Spirit of Credit Unions. We work with each other- not against each other!”

“Shared Branching saves gas for everyone. Instead of traveling out of one’s way, they can do business locally.”

“I had members call from out west, all in a panic because their debit card wouldn’t work and they needed cash. I looked up Shared Branching locations, gave them their account number and routing and transit number. They were so relieved and grateful we could help them from this far away.”

How will Shared Branching make your life easier? Click here and find a branch near you!

-Diana D., Maine Credit Union League

Shared Branching simplified one members trip

2010-03-01T15:45:00.002-05:00

Here is the latest entry for the Share It contest. One member learned about Shared Branching when she was going to help her son.

I am a member of two credit unions. This past January I had to be in Idaho for most of the month as my son, who lives there, was having major heart surgery. When I was at my credit union getting some traveling money I made a comment about my trip and the teller asked where I would be in Idaho. She looked it up and told me there were two credit unions with Shared Branching that I could go to there, and she printed out the addresses for both for me. That made my stay in Idaho so much easier. I am so thankful for credit unions and their wonderful helpful staff. I did go to a credit union in Idaho, and they were just as friendly and helpful as they are here.

Thank you for Shared Branching!

G.P., Readfield

Learn more about Shared Branching if you are going to be traveling.

Jess H., Maine Credit Union League

Shared Branching is a happy surprise for one longtime CU member

2010-02-25T12:12:00.004-05:00

This credit union member’s entry in our Share It Contest shares how she discovered the convenience of Shared Branching:

“I have been a member of my credit union for many years, maintaining my account despite attending college in another state, moving to another state for several years, and now settling in Maine for the past 3 1/2 years. Several weeks ago I stopped in to a credit union to ask about being able to use my CU debit card at their ATM without being charged the dreaded ATM fee. I was all too delighted with the outcome of my inquiry. I mentioned to the teller that I was a member of a CU in the state I'd grown up in; she confirmed the CU was on the Shared Branching network, asked for my ID and account number, then asked how much I wanted to withdraw. It took me a moment to register, but I happily walked out the door with cash in hand and no ATM fee charged to my debit card.

I'm so pleased that credit unions are working together to make using credit unions - no matter where they are located - just a little easier for their members! THANK YOU!”

-M.L., Vinalhaven

Spread the word about Shared Branching with your friends, and save them from unnecessary fees!

-Diana D., Maine Credit Union League

Shared Branching helped one member help a person in need

2010-02-11T17:10:00.002-05:00

Mainers love to share, and credit unions are here to help. Here is one members story on how using Shared Branching helped them help someone in need.

“I, like many other hard working citizens, found myself in a rather precarious financial situation. A member of my church encountered an emergency situation that needed immediate attention. The person affected did not have the funds to take care of the emergency. A number of folks were rallying together to assist this person. I desperately wanted to help, but did not have the funds right at that moment. I shared this with my sister, and she understood that I desperately wanted to help, and wanted to help me. We brainstormed the different ways that $$ could be shifted from her to me, so that I could help. All of the brainstorming ideas failed to make funds immediately available. Then, suddenly, she said; “wait…do you use a credit union”? I replied that I did. She said that she remembered seeing something about Shared Branching at her credit union. She did some quick research and sure enough, her credit union and mine both had Shared Branching. She immediately went to her credit union and made arrangements to have $$ transferred from her credit union account to mine. The funds were available almost immediately. I went to my credit union, withdrew the funds and passed them along to the person who was overseeing the effort to assist the person in need.

Without Shared Branching, I wouldn’t have been able to help another person. Shared Branching helped a person, help a person, to help a person. What a wonderful thing!”

- P.W., Augusta

So whether you need money immediately because of an emergency, or just to make a loan payment when you're out of town, Shared Branching is here to make your life a little simpler.

-Jess H., Maine Credit Union League

Shared Branching saves one members weekend

2010-02-08T12:44:00.003-05:00

We know that Mainers love to share, and as part of out Share It campaign we are asking you to tell us what you love to share. Here is one members story:

Shared Branching Saves the Day!
“One month ago I was traveling down to Boston to see my brother and my vehicle broke down in southern Maine on New Year’s weekend. The company who came to get my car needed cash for payment and I didn't have any cash on me. I was not sure how I was going to be able to get cash and without a fee at a big bank. The other hold up was that I didn't have much money in my checking account for my debit card to work. I don't have access to my savings account by debit card or ATM card so I was stuck.

I then thought about the Shared Branching. I had been given a paper with all the branches in Maine who participate in SB by the associate at NorState FCU in Presque Isle when I opened my account. I looked on there and found there was a credit union nearby. I then proceeded to plug this credit union name into my cell phone where I got the address. I went inside late on a snowy day when they were just about to close and I took the money out of my own CU savings account.

The days that followed made me really pat myself on the back for switching from another local bank to a credit union. I feel as though I'm part of a little family, but yet with the ability to have access no matter where my travels take me. I'm very glad to be part of Shared Branching and I'm glad I'm a member of two Maine Credit Unions.”
- E.D, Presque Isle

-Jess H., Maine Credit Union League

Say “Hello” to SURF Dude, and “Goodbye” to ATM Fees!

2010-02-01T14:34:00.001-05:00

It’s out with the old and in with the new… look that is, the surcharge free ATM network that you know and rely on has a new look. As a credit union member, you have access to over 200 surcharge free ATMs throughout Maine, using these ATMs can save you an average of $300 a year in surcharge fees alone. Who would want to pass up a deal like that? Have you ever been out and needed to use an ATM, but don’t know what ones are on the SURF network. Just look for SURF Dude or visit gosurf.mobi on your smart phone.

If you see SURF Dude on your ATM then you know that you’re in the SURF Zone – and that means no ATM fees! The SURF ATM Network now includes over 90% of the state’s 67 credit unions, so you are never far from a SURF Zone. So next time you are out and need to access an ATM, whether you’re taking out cash or making a deposit, look for SURF Dude and keep your money where it belongs... with you!

-Jess H., Maine Credit Union League

Want to make your life easier? Join a credit union!

2010-01-26T11:02:00.002-05:00

As a credit union employee, I sometimes take for granted the multiple ways I can manage my account. I’m often reminded of this when I’m talking to friends and family and explaining our products and services to them. The response I hear most is “Wow, that’s so cool, I didn’t know I could do that with my credit union account!”

A classic example of this happened between my husband and I recently. He opened an account for his weekly spending money that he was going to manage and keep track of. When he asked how he could do that, I was more than a little surprised! I spend all day promoting our products and services to our members and making them aware of everything we offer, and here my own husband didn’t realize all the ways he could manage his account without coming into a branch. (In my defense, he usually doesn’t realize when the laundry needs to be done either, and I know I’ve made him aware of that before!) I wondered though how many credit union members out there don’t realize the gold mine of financial resources a credit union offers that can make their everyday life easier!

As a member of a credit union, you may think that you have to sacrifice a certain level of technology or convenience to receive the outstanding level of service and money-saving products that you enjoy. Not true! I bet most members don’t realize that they’re credit union offers all of the same sophisticated technology that big banks do – and we know your name when you visit a branch! Mobile Banking? Check. Text or E-mail notifications on your account? Check. Online Banking? Check. Electronic Bill Pay? Check. Online account opening? Check. Online loan and mortgage applications? Check! The list goes on and on!

And talk about convenience – with the credit union shared branching network you have over 4,000 branches nationwide that you can use like you would your own credit union! Not to mention the over 200 ATMs across the state that you can use with no fee! Because credit unions are financial cooperatives, we work together to deliver our members the same level of convenience and access to their accounts that you can find at a big bank.

So needless to say, when I told my husband that he could keep tabs on his account right on his cell phone through mobile banking, he was pretty excited. Then when I said that he didn’t have to go across town if he needed to make a deposit, he could go to the credit union next door to his work he was even more excited! Not only because he didn’t have to give me all those pesky receipts anymore, but also because he knew this would make his life a lot easier!

- Kim S., University Credit Union

Maine CUs do more to help those who need it most

2010-01-21T09:05:00.008-05:00

With the heartbreaking images of the devastation that a 7.0 earthquake recently brought to Haiti constantly on television, online and in the newspapers, people everywhere are wishing that they could do more to help these victims.

In response to this disaster, Maine credit unions are not only taking action to help, they are making it easy for others to do so as well, with a statewide fundraising initiative called, 'Maine People Helping People Across The Earth - A Fund For Haiti'. In conjunction with the National Credit Union Foundation (NCUF), Maine's credit unions have activated a safe and secure web site to raise money for credit union employees, volunteers and members in Haiti. In addition to online contributions, a number of credit unions have set-up donation canisters in their lobbies to collect funds for this important cause.

Visit your local credit union to find out more about this effort, or the many other ways they are helping those in need, across your community and across the world. Or, to make a safe and secure donation to the Haiti fundraising effort, visit www.cuaid.coop/maine and click on the Donate Now link.

-Diana D., Maine Credit Union League

Financial Literacy is a Lifelong Lesson

2010-01-19T09:19:00.002-05:00

No matter what your age, take advantage of the New Year and get on the path to financial fitness with your Maine Credit Unions! They are here for you all year round!

Baby boomers

Put your debts in priority order. Make a list of all your liabilities and organize them by the annual interest rate. Pay off those with the highest rates first, while still making at least minimum payments on all the others. Set a specific, realistic date for when you plan to achieve your goal of paying off all debts.

Determine your net worth. Calculate your assets minus liabilities each year--preferably on Dec. 31--so you quickly can see whether you're gaining ground or falling behind. Your net worth should be increasing each year. If it's not, make a plan to improve it, such as pay down a specific debt or put more money into a retirement account.

Seniors

Evaluate your estate plan. Establish or review your will, advance directives, and powers of attorney, and make sure they reflect your preferences and current situation. Make sure all of your intended beneficiaries are on file for all your financial accounts.

Check all insurance policies. For example, know what is covered in your home-owners policy and verify your liability coverage. Call your insurance agent if you have any questions. Many credit unions have relationships with area insurance companies for your convenience.

- Adam M., Maine Family FCU

Make Smart New Year's Resolutions

2010-01-11T09:01:00.005-05:00

Everyone--regardless of age--can take steps to shape up their finances in this new year/decade.

As you decide on your New Year's resolutions (or perhaps you already have them decided), think SMART--financial goals that are specific, measurable, adjustable, realistic, and time-oriented. Your individual Credit Union staff's are here to help with any questions you might have!

Here are some examples of financial goals for the younger generation:

Youth

Collect your change. Each time you buy something, save the change you get back. Deposit the change in a container at the end of every day. Over time it could add up to a significant amount of money.

Save your allowance. Whether you want to buy something you've been eyeing for months or you want to start saving for college, the only way you are going to do it is by putting your allowance away. Deposit at least part of your allowance in a share savings account at the credit union with the many youth savings accounts available.

Gen Y

Open a Roth IRA (individual retirement account) and start saving. Make savings a habit and invest at least 10% of every paycheck for retirement. The longer you have to save with a Roth IRA, the more you save on taxes. Although contributions aren't tax-deductible, your money grows tax-free and comes out tax-free as long as you meet certain requirements.

Put your credit card away. Use credit cards only when you know you have the funds set aside to pay the bill in full when the bill comes. Try not to leave a balance on your credit card or you'll be charged interest.

-Adam M., Maine Family FCU

There’s more to consider when traveling in 2010

2010-01-05T15:02:00.000-05:00

It’s a new year and if your new year’s resolution was to take a vacation you may be planning where you want to go and when. Now is the time to start a vacation fund, and many credit unions have special club accounts to make saving easier. You can have money deposited into your club account automatically, or make deposits when you can, making planning your vacation a little less stressful.

And when you are planning your trip, whether it’s across the state or across the country, there are some travel tips you should keep in mind for 2010. If you are traveling by plane, arrive at the airport early, make sure you have all liquids and medication labeled and in a plastic bag, and keep your ID, airline ticket, boarding passes all in one folder and take all government issued photo ID certificates you can find, such as a drivers license and your passport.

If you are traveling by car, keep informed about the weather and road conditions during the time you will be traveling there, know where you are going by looking at a map or guide book before you leave your car or hotel, and don’t leave luggage or valuables in your car overnight.

-Jess H., Maine Credit Union League

5 New Year’s resolutions you can keep

2009-12-30T11:25:00.000-05:00

Another year has come and gone and now it’s time to make your New Year’s resolutions. You know the ones: lose weight, quit smoking, reduce stress, volunteer more, and maybe the most important resolution, get a handle on your finances. Most people either try to tackle their resolutions and quit, or they forget about their New Year’s resolutions by February; and the biggest reason for this is because we set our goal too high or too broad. Here are five tips to help you control your finances in 2010.

1. Pay off one debt- Whether it is a credit card, car loan, or a student loan; choose one to pay off this year. Tackling one debt at a time will seem more manageable then trying to eliminate all your debt at once. And the satisfaction you will get from completely paying off that one thing might push you to eliminate one more, and even if it doesn’t, that is one less debt you have to pay off next year. Just make sure you don’t replace the debt you are paying off by creating another one.

2. Save something each paycheck- The hardest part of saving money is getting into the habit of it. Try taking as little as $10 from each paycheck and putting it into a savings account, odds are you won’t even miss it if you have the money automatically deducted from your account. It can be as simple as sacrificing one lunch or dinner out a week.

3. Pick one area of spending and control it- Don’t try and stop all your spending, just look at what you already spend money on and slowly eliminate one expense. Try keeping a log of your spending for two weeks, if you see something that you are spending money on that you don’t need to, ease yourself off it. For me it’s my morning coffee, I realized that I spend at least $15 a week on coffee every morning. If I switch from getting coffee every day to three times a week it will be easier to stop buying my coffee in the morning and instead bring some from home, saving around $750 a year. That is money I could use to pay off some of my loans.

4. Save for retirement- If you aren’t saving for retirement, you should start now, no matter your age. If you are eligible for a 401k, sign up to have a percentage deducted from your paycheck. Check to see if your company matches your contribution, and if your company doesn’t, open your own IRA and contribute what you can.

5. Learn something about finance- Take the time to learn one new thing about personal finance, one of the problems people have when they try and tackle their finances is feeling like they are in over their head. Look to your local credit union for help; see if they offer any workshops you can attend. Talk to someone at your credit union about starting a retirement plan, or developing a financial strategy for your small business. By the end of the year you will have enough knowledge to help you make financial decisions for your future.

-Jess H., Maine Credit Union League

There’s more to consider when traveling this time of year

2009-12-18T14:38:00.000-05:00

The holidays are here, and that means it is time for traveling and visiting family. Whether you are driving a few towns over, or flying across the country, there are a few things you should remember to do. Traveling during the holidays can be hectic, so it is important to keep important documents, such as your license and any debit or credit cards with you at all times as well as the number to your financial institution in case your cards are lost or stolen. If you plan on making large purchases out of state, you should let your credit union know to expect out of state charges for the dates you will be there. Simple safety precautions, such as never leaving your bag or purse unattended, can keep your money and possessions safe while you are traveling this holiday season.

Should you need to access your account on your trip, many credit unions are a part of the Shared Branching network, where you can access nearly 4,000 credit union branches nationwide, with more than 120 locations in Maine. You just need your license, your home credit union name and your account number. You can easily access your account, make deposits, withdrawals, and even make a loan payment when you are away from your home credit union.

-Jess H., Maine Credit Union League

Maine credit unions do more to raise money for children in need

2009-12-15T10:14:00.001-05:00

With the snow on the ground, it finally feels like winter. And with winter, comes winter sports -- one of those being basketball. This year on January 31st Maine credit unions will be hosting the 16th Annual Swish-Out Childhood Cancer Challenge. This is a 3-on-3 co-ed basketball tournament to raise money for the Maine’s Children’s Cancer Program held on the University of Southern Maine’s Gorham campus. While this has been a challenging economy, Maine credit unions, local business, families and community groups are stepping up to raise money for those children in Maine that are struggling against their illness. Last year more than $25,000 was raised bringing the total amount raised for the Maine Children’s Cancer Program to more than $148,000 since the tournament’s inception. All money raised through the event, from sponsorships to team entry fees stays right here in Maine to aid children with cancer and their families. You can contact me at jhodgkin@mainecul.org , if you are interested in playing, volunteering your time, becoming a sponsor or donating an item for our silent auction during the tournament.

-Jess H., Maine Credit Union League

Credit Unions Help Keep Kids Financially Fit

2009-12-11T12:15:00.003-05:00

This past week credit unions were mentioned in a prime-time feature regarding youth financial education. The feature which aired on WGME News 13 and News 13 on FOX included Atlantic Regional FCU’s President/CEO Roger Sirois and his two children. They were highlighted at an area toy store talking about finances, budgets and money management and included ways parents can teach their children while shopping which included: teach your kids to shop sales, understand return policies and then talk about your shopping experience by asking your child what they learned about spending and saving. The Maine Credit Union League worked with WGME to develop the story as a way to build awareness about the many ways that parents can teach their children about personal finance during everyday activities. Maine credit unions believe that teaching financial literacy at an early age is fundamental to raising financial fit children, for more information on how you can teach your child about money visit Financial Education and Resource link on the Maine Credit Union League site at www.mainecul.org

-Jess H. Maine Credit Union League

Maine Credit Unions Offer More for You with their Credit Cards

2009-12-04T09:16:00.005-05:00

While big credit card issuers are raising their fees and changing rules in an attempt to increase their profit before the Credit Card act takes effect, credit unions are still able to offer you the same low interest rates and minimal to no fees. A study by Pew Charitable Trusts reviewed the 12 largest banks and credit unions that issued cards and found that credit unions offer more consumer friendly terms, with the median interest rates on a credit union card being 20% lower than banks.

At Maine credit unions, their main goal is to help you manage your finances with ease. And with holiday shopping and credit cards on your mind in December, and the credit card bills in January; you know that as a credit union member you can use your credit card without fear of unreasonable rate increases. Credit unions have remained stable despite the economic hardship, yet another reason why many people in Maine are turning to their local credit unions to manage their money, and their credit cards.

-Jess H., Maine Credit Union League