AUGUSTA, Maine (4/1/13)--The passing of a joint legislative resolution recognizing the value of Maine's credit unions, and a revamped lunch-time format highlighted Maine Credit Union Day at the State House in Augusta, said the Maine Credit Union League.
Underscored by one of the largest turnouts of credit union representatives and legislators in recent years, credit unions statewide were represented, and legislators appreciated speaking with representatives from their local credit unions, the league said (Weekly Update March 29).
"The value of building and strengthening relationships between local credit unions and their legislators is significant," said league President John Murphy. "It really reinforces how community-oriented and locally focused Maine's credit unions are to legislators."
As part of Credit Union Day, the Maine House and Senate passed a Joint Resolution recognizing Maine's credit unions and the economic benefit they provide to Maine consumers. "Maine consumers save $38 million annually by using a credit union, as a result of lower and fewer fees on products and services, lower interest rates on loans and higher interest rates on savings," the resolution stated.
"We have a number of important issues we are involved with this session so having such a large presence at this event reinforces the strength and high level of involvement of Maine's credit unions in the legislative process," Murphy said.
In a switch from previous Credit Union Days, the league's Governmental Affairs Team opted to change the time of the event from a breakfast activity to lunchtime to better accommodate the session schedule of the legislature and to make it more convenient for credit unions.