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Entries in Credit Union (3)


New England Council Unveils 2017 Regional Financial Sector Report

On June 29th, the New England Council met in Concord, NH to present its annual report on the region’s financial sector, “The New England Financial Services Industry: Around the Corner and Around the World.” The report was presented by PwC, followed by a panel discussion comprised of representatives from several large regional institutions, including Fidelity Investments, Liberty Mutual Insurance, and TD Bank.

Click to read more ...


Financial Institutions . . . In the News

  • CEO Scott Budde of The Maine Harvest Credit Project plans to file applications in January to become a state-chartered credit union in Maine.  (Mainebiz 10.31.2016)
  • Banks sending elaborate gifts to businesses and individuals are a new scam in Maine.  (WCSH6 11.2.2016)
  • Gardiner, Maine received an historic block of buildings on Main Street from Camden National Bank for redevelopment.  (Central Maine 11.3.2016)
  • New rule is under review by the FDIC for institutions with more than two million accounts which would require timely access of deposits after an institution fails.  (The Hill  11.14.2016)
  • The Federal Reserve Bank of Boston’s President and CEO Eric Rosengren highly expects to raise interest rates in December.  (Reuters 11.15.2016)
  • Personal incomes are rising across all Maine counties but at a slower rate than the rest of nation according to new federal estimates.  (Central Maine 11.17.2016)
  • Chinese bribery case forces JP Morgan to pay $264 million in fines to federal authorities.  (Central Maine 11.17.2016)
  • Central Bank is on track to raise interest rates in December according to congressional testimony of Federal Reserve Chair Janet Yellen.  (BDN 11.18.2016)

Maine financial institutions, in the news... 

*  In a story called The new debtor, new research by the Institute for Financial Literacy in South Portland suggests that bankruptcies are on the rise among the well-educated and well-off.

As reported in Maine Biz, the Maine Credit Union League has announced that Maine credit unions had a strong first half of 2012.  This story was also covered on WCSH-TV.

The Maine Association of Realtors has released its September 2011 home sales report showing that home sales in Maine are up, but median sales prices are down.  For further information, see the Maine Association of Realtors website and a related article in the Bangor Daily News.