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CU System
Maine league achieves 100 success in legislation
PORTLAND, Maine (7/26/11)--The Maine Credit Union League had a 100% success rate on legislation on which it took a position at the conclusion of the first regular session of 125th Maine Legislature. During the session, a total of 69 bills were monitored. Of those, the league provided testimony and took a position on 14 of them (Weekly Update July 22). The league and Maine’s credit unions also were successful in defeating and/or significantly modifying several key bills, including a state interchange bill, legislation that would have required foreclosing entities to produce the original mortgage note as part of a foreclosure, and several bills that would have enabled priority liens to be placed above a financial institution’s first mortgage. The session also saw the league issue a nearly unprecedented amount of calls to action on the state level to which Maine credit unions responded in large numbers by contacting legislators on the original documents bill, state interchange bill and the bill that would have let condo associations attach a priority lien to collect six months of association fees. “The active role and involvement that credit union staff and officials took this past session made a significant difference in the outcome of certain pieces of legislation,” said league President John Murphy. “From testifying and sending e-mails, to making phone calls and attending meetings, [the] league appreciates the grassroots support of our credit unions in helping to make this a successful legislative session.”


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