Maine

REGULATING AGENCY: Maine Department of Professional and Financial Regulation; Bureau of Financial Institutions

Maine State House

  • Lloyd LaFountain III, Superintendent of Financial Institutions
  • John Barr, Esq., Deputy Superintendent – Research, Administration & Legal Affairs
  • Website: maine.gov/pfr/financialinstitutions
  • News

LEAGUE:

STATS: (As of Dec 2020)

  • TOTAL # SCUs: 12
  • TOTAL # FCUs: 42
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 22% of 54 ME CUs
  • TOTAL $ SCU ASSETS: $2,925,476,157
  • TOTAL $ FCU ASSETS: $7,032,538,164
  • TOTAL ASSETS: $9,958,014,321
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 29%

FUN FACT: Approximately 40 million pounds (nearly 90 percent) of the nation’s lobster supply is caught off the coast of Maine.


RECENT NEWS

Maine Financial Institutions Superintendent warns consumers of financial scams related to the anticipated direct payments from the U.S. Government under the CARES Act.

April 6, 2020 – GARDINER – Superintendent of the Maine Bureau of Financial Institutions Lloyd LaFountain is warning consumers of an expected surge in scam attempts involving the anticipated direct payment to individuals under the federal Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. The new law, enacted by Congress on March 27, 2020, is intended to provide financial relief to all Americans to help alleviate the negative economic impact of the coronavirus pandemic. Individuals can expect to receive a direct payment from the federal government in amounts up to $1,200 beginning in the next few weeks.

“Unfortunately, scammers will very likely try to exploit the program to engage in ID theft and to defraud innocent people of their payments. Everyone is reminded to remain vigilant during the current crisis and be wary of any requests for personal information,” remarked LaFountain.


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