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Overview / Commentary
23 Industrial Park Rd
Saco, ME 04072-1804

Peopleschoice Credit Union is headquartered in Saco and is the 14st largest credit union in the state of Maine. It is also the 1,117st largest credit union in the nation. It was established in 1963 and as of March of 2014, it had grown to 43 employees and 15,104 members. Peopleschoice Credit Union's money market rates are 14% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Must live, work or attend school in York or Cumberland County. - See Details

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Long-Term CD Specials at PeoplesChoice Credit Union in Parts of Maine - 10/22/2013

In the last few months we’ve seen several banks and credit unions offer higher long-term CD rates. The latest one is PeoplesChoice Credit Union . It just started offering two CD specials: a 10-year CD ...

Reviews (1)

Peopleschoice CU

I had been a member of PeoplesChoice CU since I was a kid.  They used to be good to deal with but not anylonger. The CEO operates the credit union like a bank and just plain sucks!  They operate more like a bank and I feel like a number.  They are rude and I wouldnt recommend anyone join and do business with them.   


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 Peopleschoice Credit Union had $1.89 million in non-current loans and owned real-estate with $12.22 million in equity and loan loss allowances on hand to cover it. This gives Peopleschoice Credit Union a Texas Ratio of 15.50% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Peopleschoice Credit Union experienced no significant changes from 14.48% as of March 31, 2013 to 15.50% as of March 31, 2014, resulting in a negative change of 7.02%. This indicates that the balance sheet and financial strength for Peopleschoice Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Peopleschoice Credit Union has increased its total deposits by $7.44 million, resulting in 5.92% 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 Peopleschoice Credit Union has shown is excellent.



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. Peopleschoice Credit Union has $155.59 million in assets with $12.22 million in equity, resulting in a capitalization level of 7.86%, which is below average.

Institution Statistics

NCUA #68442
Year Chartered1963
Primary Regulator
Assets and Liabilities
Assets$155.59 million
Loans$95.95 million
Deposits$133.07 million
Equity Capital$11.89 million
Loan Loss Allowance$337,000
Unbacked Noncurrent Loans$1.89 million
Real Estate Owned$0
Historic Data - March 2013
Assets$148.45 million
Equity Capital$12.28 million
Loan Loss Allowance$493,000
Unbacked Noncurrent Loans$1.89 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.38%
Return on Equity4.98%
Interest Income$1.31 million

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

Peopleschoice Credit Union Savings Account Rates

0.10%$25-IRA Account
0.10%$25-Health Saving Account
0.10%$25-CESA Account
0.10%$25-Roth IRA Account
0.07%--Escrow Account
0.05%$25-Club Account
0.05%$25-Share (Savings)

Peopleschoice Credit Union Money Market Rates

0.50%$250k-Money Market

Peopleschoice Credit Union Checking Account Rates

0.10%$25k-Money Market Checking

Peopleschoice Credit Union CD Rates

2.78%$500-120 Month CD
2.43%$75k-84 Month CD
1.91%$75k-60 Month CD
1.71%$75k-48 Month CD
1.21%$75k-36 Month CD
0.90%$75k-24 Month CD
0.70%$75k-18 Month CD
0.50%$75k-12 Month CD
0.30%$75k-6 Month CD
0.20%$75k-3 Month CD

Peopleschoice Credit Union IRA Rates

2.78%$500-120 Month IRA
2.43%$500-84 Month IRA
1.91%$75k-60 Month IRA
1.71%$75k-48 Month IRA
1.21%$75k-36 Month IRA
0.90%$75k-24 Month IRA
0.70%$75k-18 Month IRA
0.50%$75k-12 Month IRA
0.30%$75k-6 Month IRA
0.20%$75k-3 Month IRA

Peopleschoice Credit Union Locations
Branch Office39 Country Club RdSanford, ME 04073-5201
Branch Office23 Industrial Park RdSaco, ME 04072-1804
Branch Office774 Post Rd Route 1Wells, ME 04090-4104
Branch Office369 Elm StBiddeford, ME 04005-3023