Maine CUs Raise Record $209K For Hunger

Register now

Maine's credit unions set another record in fundraising to fight hunger in the state during 2003, with some $209,030.75 donated to groups that help feed the hungry. The amount is an 8% increase over 2002. Overall, Maine Credit Unions' Campaign for Ending Hunger has now raised more than $1.53 million since it began in 1990. The league noted that one out of every four children in Maine goes hungry and that one in every 10 Mainers is experiencing food insecurity. Seventy-five of the 77 Maine Credit Unions and eight chapters participated in this year's campaign. Greater Portland Municipal Credit Union in South Portland took top honors in both total funds raised and the highest money per member. GPM CU raised $15,027 and $1.77 per member.

Separately, Maine's credit unions are reporting strong performance for 2003. The Maine league said its 77 affiliates grew in every category, including assets, loans, shares and membership. Maine's credit unions' assets increased 8.28% to over $3.62 billion, loans grew 9.64%, shares rose 7.78% and membership grew slightly to 598,029 members.

"These statistics indicate that, during the past year, Maine credit unions are reaching out and helping hundreds of thousands of Maine people remain on sound financial footing," said Maine league CEO John Murphy. "Maine's credit unions continue to play a significant role in helping the economy to grow and prosper in communities throughout Maine."

For reprint and licensing requests for this article, click here.