Oxford Federal Credit Union CEO Appointed to mPower Loan Board
Matthew Kaubris, CEO and President of Oxford Federal Credit Union, has been appointed by Governor Paul LePage to the Kim Wallace Adaptive Equipment Loan Program Fund Board. On Friday, October 12th, Kaubris was sworn in by Dedimus Justice, District 93 Representative Sheryl J. Briggs.
The loan program, also known as the mPower loan fund, was created when Kim Wallace became a quadriplegic as a result of a spinal cord injury in 1979. This event launched his career as an advocate for disability rights. Kim was a pioneer and the driving force to start the loan program, after he saw the difficulties people faced in getting equipment and home modifications.
The mPower loan fund has been supported by two bond issues passed by Maine voters. This makes mPower the only citizen funded type loan program in the country. Loans totaling more than $8 million have been made to individuals and businesses in the past 20 years. Kim continued to work for Maine’s disabled population until his death in July of 2000.
mPower loans are made at low interest rates with longer repayment schedules, reducing monthly payments. Any individual or business interested in an mPower loan should contact FAME at 800-228-3374.