Spotlight On CFTEA Board Judy Folsom Bar Harbor Bank and Trust From my memory, I decided to start teaching Principles of Banking and Law & Banking at my bank and became involved with CFTEA as an instructor and then went on the board. The most rewarding part of being on the board has been amazing to watch Andrew lead CFTEA to a more professional organization and take it to the next level. The most challenging part of being on
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Feel your best so you can do your best! We know schedules can get busy – whether you’re in the office or working from home more often like many due to the COVID-19 pandemic. Between meeting with borrowers and preparing closings, day-time home distractions from pets and kids, followed by family time after hours – it can be challenging to find time for exercise and implementing healthy habits. The truth is, not everyone has the time. They dedicate time. Here are
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2020 put a lot on hold. A lot! So, how are you navigating our new normal? As the pandemic continues, it is important to look at the future with hope. As we struggle to balance and support others, now is the best time to create a mental action plan of what can be done to support your growth. For many, the pandemic has been a time to pause and regroup. We can do that by committing to take just one
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Questions about retirement and the tax advantages? Explore training options that help you gain understanding and confidence when supporting questions. (All materials from Ascensus – the national leader in retirement training updated January 2021). All options are online to promote safe distance learning and flexibility. Click course names below for descriptions and pricing. 2021 Legislative – Regulatory Update Retirement Planning and Saving Ways to Build Wealth Roth IRA Overview Traditional IRA Overview IRA Fundamentals IRA
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How Technology Impacts Trust Working remotely is a fact of life. Even before COVID, it was on the rise and when the pandemic is over, there will be fewer people returning to a central workplace full-time. The genie is out of the bottle, as far as that goes. But there is a paradox at the heart of remote work that some people haven’t been able to deal with. Both these things are true: Remote work requires slightly more trust than
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Shannon Hemingway Claremont Savings Bank Heres what Shannon had to say about her CFTEA experience: A great benefit provided to us by Claremont Savings Bank and CFTEA is that they offer a large variety of classes. I wanted to take advantage of the educational opportunities given to me to help further my career. I have taken an array of different types of courses that have all attributed to my current knowledge, not only banking, but also in overall professional development.
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During this challenging year, we have been trying to focus on the positive stories! At CFTEA we have had so many new doors open to us in ways we hadn’t previously imagined. This year, due to the COVID-19 pandemic, we held our first ever Zoom Virtual Student Banquet and Leaders Conference. Also a positive note for both students and instructors was the launch of our LMS, CFTEA Workplace which goes hand in hand with the easy to
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The IRS has issued Notice 2020-86, providing guidance for implementing provisions of the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. Specifically, the SECURE Act provisions addressed deal with features and procedures of 401(k) and 403(b) plans that incorporate safe harbor designs for satisfying nondiscrimination testing requirements, and automatic enrollment and automatically increased deferral rates. In general, provisions of the SECURE Act increased from 10 percent to 15 percent the maximum automatically-increased elective deferral rate for automatic-enrollment safe
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Spotlight On Success Audra Ingersoll Skowhegan Savings This is what Audra had to say about her CFTEA experience “I wanted to further my career to the bank, and becoming Certified seemed like a great place to start; learning the fundamentals of banking regarding customer service, the legal aspects, the future of banking and the types of fraud out there are all things I need to know to make my job easier and better to serve my customers. Between what
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