Midcoast Federal Credit Union is headquartered in Freeport and is the 20th largest credit union in the state of Maine. It is also the 1,104th largest credit union in the nation. It was established in 1956 and as of March of 2025, it had grown to 68 employees and 15,820 members at 5 locations. Midcoast Federal Credit Union's money market rates are 4X the national average, and it has an A health rating.
Membership in Midcoast Federal Credit Union is open to those who live, work, worship, or attend school in, and businesses, and other legal entities in the Maine counties of Cumberland, Knox, Lincoln, Sagadahoc, or Waldo, or the town of Durham in Androscoggin County.
See current membership details
Overall | |
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NCUA # | 10898 |
Year Chartered | 1956 |
Employees | 68 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.32% |
Return on Equity - YTD | 3.28% |
Annual Interest Income | $3MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $262.7MM$256.5MM |
Loans | Q1 2025vs Q1 2024 | $210.9MM$205.2MM |
Deposits | Q1 2025vs Q1 2024 | $232.9MM$224.7MM |
Equity Capital | Q1 2025vs Q1 2024 | $25MM$23.2MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $995K$1.1MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $562K$360K |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Midcoast Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.80%* | $250k* | - | Peak Money Market | ||
OTHER TIERS: 0.75% → $2.5k - $25k | 0.90% → $25k - $50k | 1.00% → $50k - $100k | 1.40% → $100k - $250k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.01% | $0 | $15k | High Yield Checking |
Midcoast Federal Credit Union Locations | ||
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Branch Office | 41 Route One | Edgecomb, ME 04556-3040 |
Branch Office | 209 New County Rd | Thomaston, ME 04861-3116 |
Branch Office | 831 Middle St | Bath, ME 04530-2401 |
Branch Office | 6 Station Ave | Brunswick, ME 04011-2092 |
Corporate Office | 186 Lower Main St | Freeport, ME 04032 |