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200 Capitol St
Augusta, ME 04330-6238

Maine State Credit Union is headquartered in Augusta and is the largest credit union in the state of Maine. It is also the 617st largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 73 employees and 25,049 members. Maine State Credit Union has a A health rating.

Field of Membership Restrictions

Eligible persons include anyone who lives, works, worships, or attends school in Kennebec County or Somerset County or work for or are members of select groups/organizations. - See Details

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Reviews (1)

Advantage Checking Rate Cut To 2% 2/1/12

So says the MSR who opened my account on Thursday. Of course she told me this AFTER I had filled out the paperwork and fully funded the account. At least the 25k cap is still in place...


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Maine State Credit Union had $1.41 million in non-current loans and owned real-estate with $42.16 million in equity and loan loss allowances on hand to cover it. This gives Maine State Credit Union a Texas Ratio of 3.34% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Maine State Credit Union experienced no significant changes from 2.32% as of March 31, 2013 to 3.34% as of March 31, 2014, resulting in a negative change of 43.93%. This indicates that the balance sheet and financial strength for Maine State Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Maine State Credit Union has decreased its total deposits by $-149,000, resulting in -0.05% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Maine State Credit Union has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Maine State Credit Union has $353.24 million in assets with $42.16 million in equity, resulting in a capitalization level of 11.93%, which is excellent.

Institution Statistics

NCUA #63377
Year Chartered1935
Primary Regulator
Assets and Liabilities
Assets$353.24 million
Loans$158.41 million
Deposits$309.12 million
Equity Capital$40.97 million
Loan Loss Allowance$1.19 million
Unbacked Noncurrent Loans$1.41 million
Real Estate Owned$0
Historic Data - March 2013
Assets$353.88 million
Equity Capital$41.38 million
Loan Loss Allowance$814,000
Unbacked Noncurrent Loans$1.41 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.18%
Return on Assets0.46%
Return on Equity3.94%
Interest Income$2.96 million

Always verify rates and promotions with the bank or credit union. We are not Maine State Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Maine State Credit Union Savings Account Rates

0.50%--IRA Share Savings
0.50%--CESA Share Savings
0.50%--Roth IRA Share Savings
0.50%--HSA Account
0.15%$25-Share Savings
0.15%--Vacation Club Account
0.15%--Christmas Club Account

Maine State Credit Union Money Market Rates

0.45%$100k-Money Market Account

Maine State Credit Union Checking Account Rates

1.50%-$10kAdvantage Checking - Qualifying
0.05%--Advantage Checking - Non Qualifying

Maine State Credit Union CD Rates

1.65%$500-5 Year Share Certificate
1.65%$250-5 Year Youth Certificate
1.30%$500-4 Year Share Certificate
1.30%$250-4 Year Youth Certificate
1.05%$500-3 Year Share Certificate
1.05%$250-3 Year Youth Certificate
0.80%$500-2 Year Share Certificate
0.80%$250-2 Year Youth Certificate
0.50%$500-1 Year Share Certificate
0.50%$250-1 Year Youth Certificate
0.35%$500-6 Month Share Certificate
0.35%$250-6 Month Youth Certificate

Maine State Credit Union IRA Rates

1.65%$500-5 Year IRA
1.30%$500-4 Year IRA
1.05%$500-3 Year IRA
0.80%$500-2 Year IRA
0.50%$500-1 Year IRA
0.35%$500-6 Month IRA

Maine State Credit Union Locations
Branch Office200 Capitol StAugusta, ME 04330-6238
Branch Office162 Hospital StAugusta, ME 04330-0705
Branch Office81 Grove StWaterville, ME 04901-5826