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Midcoast Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
midcoastfcu.me
207-865-4443
186 Lower Main St
Freeport, ME 04032

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.

Field of Membership Restrictions

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

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #10898
Year Chartered1956
Employees68
Primary Regulator
Profit Margin
Return on Assets - YTD0.32%
Return on Equity - YTD3.28%
Annual Interest Income$3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$262.7MM$256.5MM
LoansQ1 2025vs Q1 2024$210.9MM$205.2MM
DepositsQ1 2025vs Q1 2024$232.9MM$224.7MM
Equity CapitalQ1 2025vs Q1 2024$25MM$23.2MM
Loan Loss AllowanceQ1 2025vs Q1 2024$995K$1.1MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$562K$360K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/18/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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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.

Midcoast Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$0-Health Savings Account
0.05%$0-Impact Business Savings
0.05%$0-Member Savings
0.05%$0-Youth Special Purpose Savings
0.05%$0-Sprout Savings
0.05%$0-Special Purpose Savings
0.05%$0-Thrive Savings

Midcoast Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW 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

Midcoast Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.01%*$0$15kHigh Yield Checking
OTHER TIERS: 0.25% → $15k+

Midcoast Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.88%$500-5 Month CD Special w/Relationship
3.52%$500-10 Month CD Special w/Relationship
3.15%$500-6 Month CD
3.01%$500-1 Year CD
3.01%$500-2 Year CD
3.01%$500-3 Year CD
3.01%$500-4 Year CD
3.01%$500-5 Year CD
3.01%$500-18 Month CD

Midcoast Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.88%$500-5 Month Traditional IRA Special w/Relationship
3.52%$500-10 Month Traditional IRA Special w/Relationship
3.15%$500-6 Month IRA
3.01%$500-1 Year IRA
3.01%$500-2 Year IRA
3.01%$500-3 Year IRA
3.01%$500-4 Year IRA
3.01%$500-5 Year IRA
3.01%$500-18 Month IRA
0.35%*$10k*-IRA Savings
OTHER TIERS: 0.30% → $0 - $10k
Locations


Midcoast Federal Credit Union Locations
Branch Office41 Route OneEdgecomb, ME 04556-3040
Branch Office209 New County RdThomaston, ME 04861-3116
Branch Office831 Middle StBath, ME 04530-2401
Branch Office6 Station AveBrunswick, ME 04011-2092
Corporate Office186 Lower Main StFreeport, ME 04032

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