News | CFTEA | Center for Financial Training & Education Alliance

Welcoming New Board Member, Jenn Bailey

June 4, 2021

A huge welcome to our newest board member: Jenn Bailey of Claremont Savings Bank! Jenn comes to CFTEA with a number of years of banking experience and is a former student. She worked for a non-profit for 12 years before entering the banking world. Jenn is a Branch Manager at Claremont Savings Bank and is looking to become an impactful leader with the CFTEA board. Jenn’s enthusiasm and people-focus are a great fit as she gains board experience. With how

Head of the Class: Teller Training Program Opens Doors for New Mainers

June 3, 2021

(From Mainebiz) – Out of 14 immigrants who graduated from the New Mainer Teller Training Program in April, three quickly landed jobs with local financial institutions—two as tellers and one as a collections specialist. That bodes well for the next installment of the 12-week program run by Portland Adult Education in partnership with the New Mainers Resource Center, six banks and credit unions, ProsperityME, the Center for Financial Training and Education Alliance, and the Portland Regional Chamber of Commerce. Participating financial

2021 Student Recognition Program

June 2, 2021

Announcing 2021 Student Awards Each year, CFTEA provides a student awards program, usually with dinner, to celebrate the amazing accomplishments of our students and to recognize their hard work. Despite the global pandemic, this year is no exception! While the program will be conducted virtually for the second year in a row for health and safety reasons, CFTEA is proud to announce those that are receiving awards during a most challenging year! Click to gain access to the finalized list.

Online Life Insurance Quote

May 22, 2021

Is employer provided life insurance enough? Spoiler: It’s probably not enough Employer-sponsored policies typically offer coverage that is about 1-2X your annual salary. However, financial experts recommend having coverage that is about 10X your salary. That can result in a large gap in protection if you’re solely relying on your policy through work. Think about all of your family’s expenses (mortgage payments, childcare, college tuition, living expenses), and ask yourself: Would my coverage through work be enough to take care of my family if

What Is My Why: Betsy Coburn

May 21, 2021

What Is My Why Betsy Coburn Bar Harbor Bank & Trust “I feel that CFTEA is a great resource to further my knowledge in finances and it helps me get one step closer to the position I want with the company I work for. There is an endless variety of courses to take which means CFTEA fits a huge range of people’s needs.” #WhatIsMyWhy

Welcoming New Board Member, Terri Cook

May 21, 2021

A huge welcome to our newest board member: Terri Cook of Maine Community Bank which includes Biddeford Savings and Mechanics Savings. Terri is VP, Retail Operations Manager at Maine Community Bank and is a past council member with CFTEA. She has extensive non-profit board experience in the community, such as the United Way and Make-A-Wish, and over twenty years experience with financial institutions. Terri has her Bachelor of Science in Business Administration as well as being a graduate from the

Announcing New Partner TestOut.

May 20, 2021

Making a difference TestOut makes online IT training courseware to empower people to get trained, certified, and career-ready. Over the past 25 years, we’ve developed a training methodology that suits every learning style and allows maximum engagement and retention. We don’t just help you learn—we give you experience. More than just training videos or test prep, our lab simulations include integrated hardware, operating system, and networking labs that let you apply what you’ve learned in real-world job situations. With TestOut you

Searching Our Course Catalog Is A Snap!

May 20, 2021

Are you looking for a specific course? Many times students start by looking at certificates, diplomas and certifications. However, by using the search function found directly on the course page our vast library of hundreds of courses becomes snag to navigate. Type in a few letters in the search field and the list will begin to automatically filter. By clicking on the course, students can find out detailed information and objectives of the course, how long the course is as

Tip: Update Your Beneficiaries Each Year

May 20, 2021

At the start of a new year, there are so many things to check and goals to tackle. If you haven’t done it yet, tackling an annual check of your beneficiaries on your Pay on Death (POD) accounts at financial institutions and more allow you to retake control of your finances. A periodic review of all your beneficiary designations is an essential step in the financial planning process. Don’t wait until it’s too late. If you’re like most Americans, you

When Did You Last Review Your Beneficiaries?

May 15, 2021

Do you know who your beneficiaries are? If you’re not sure of the answer, it’s definitely time for a beneficiary review. Making sure you know who your designated beneficiaries are is an important part of the estate planning process. But when is a good time for that review? It’s always a good idea to review your beneficiary designations after a major life event, such as marriage, divorce, birth or adoption of a child. Regular reviews are also a wise decision