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April 2, 2012 Edition
Focus on Banking & Finance

Marketing and big-bank backlash swell credit union ranks

Matt Dodge

Maine's credit unions have seen a 3.4% rise in membership over the last four years, with assets up by 19.5%, reflecting a national trend that has seen credit union membership rise as marketing effo

Today's Poll

Does your company plan to add staff in the next 6 months?
Poll Description

Sponsored by Kennebunk Savings Bank

Next year will bring a host of new challenges for businesses looking to add employees to the payroll. 

Maine's Paid Family and Medical Leave law will go into effect, which will allow an employee to take paid leave for up to 12 weeks to care for an ill family member or new child, for instance.

The state's minimum wage will increase by 45 cents an hour, to $15.10 (a separate minimum wage provision will be voted on in Portland that could raise the hourly compensation to $19).

And rising health care premiums will continue to be a struggle for employers.

For companies that plan to grow, all of these factors will have to be managed.

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