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By Staff Maine credit unions raised a record $969,775 to fight hunger in the state, the Maine Credit Union League announced this week in a virtual celebration of the achievement. The latest Maine Credit Unions Campaign for Ending Hunger provided funding to 260 food-based organizations across the state, for a total $10.4 million raised since the initiative was launched in 1990. “The pandemic changed every facet of our daily lives and, for many Mainers, made it even more difficult to put meals on the table,” said Todd Mason, president and CEO of the Westbrook-based Maine Credit Union League, in a news release. With the demand for food assistance so high this year, Maine credit unions worked tirelessly to help feed those in need in their communities. Fundraising during a pandemic wasn’t easy, yet our supportive employees, volunteers, and members rose to the occasion. We never expected to surpass what we raised last year and are thrilled with ....
From processing emergency loans and loan deferrals to ramping up electronic services and drive-thru operations to keep employees and customers safe, Maine banks and credit unions were tested in 2020 and passed with flying colors. “Fortunately, Maine’s banks entered the pandemic and a year of economic turmoil from a position of strength,” says Gregory Dufour, president and CEO of Camden National Bank. “With prudent capital management strategies and favorable asset quality, we were able to flex quickly and support Maine’s businesses, families and communities in 2020, delivering on efforts such as PPP [Paycheck Protection Program] lending and loan payment relief.” ....