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Maine league kicks off convention today
PORTLAND, Maine (5/20/11)--The Maine Credit Union League will hold its 73rd Annual Meeting and Convention today and tomorrow. This year’s theme, “Maine’s Credit Unions--Unleash the Power,” highlights the strength of the state’s cooperative financial institutions. More consumers are using the state’s credit unions, and credit unions’ growth has been documented. Total assets for Maine credit unions grew nearly 4% in 2010, said the league. Combined assets now total $5.39 billion. Loans grew by more than $83 million or 2.3% for the year, while shares increased by 4.5% or $206 million. Membership at Maine credit unions increased 1% in 2010, with a net gain of 4,115 members in 2010. Membership at Maine’s credit unions is now 611,000. During the two-day annual conference, U.S. Reps. Michael Michaud (D-Maine) and Chellie Pingree (D-Maine) will address an expected 700 attendees. Former Maine Gov. Angus King Jr. will be the keynote speaker at the annual delegates’ meeting. Gov. King will discuss the powerful role that leadership has in building and continuing success in the marketplace.


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