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Brewer Federal Credit Union


Overview / Commentary
www.brewerfcu.org
207-989-7240
229 Dirigo Dr
Brewer, ME 04412

Brewer Federal Credit Union is headquartered in Brewer and is the 39th largest credit union in the state of Maine. It is also the 2,071st largest credit union in the nation. It was established in 1960 and as of December of 2019, it had grown to 22 employees and 7,877 members at 2 locations. Brewer Federal Credit Union's money market rates are 2X the national average, and it has an A health rating.

Field of Membership Restrictions

Brewer Federal Credit Union is open to those who live, attend school, work or own a business, or worship in Penobscot County, or the town of Dedham, Maine.
See current membership details

Reviews (1)

Great personal service

Posted by: |

This local bank has the very best customer service in Central Maine. Recently I visited to get a cashier's check to pay a small local business. The amount was $500 and the teller informed me that I could save money purchasing a money order. After agreeing that would meet my needs I saved money even though the bank would have made more money on my transaction. My underage daughter has an account as well, and loves the coin counter machine. She can really see how those quarters and pennies add up quickly! The new mobile app is quicker and has a more intuitive interface. I can make a bill payment easily on the go. The one time I had to contact the bank because my account was locked due to some suspect activity I was able to reach a real person easily and get the problem resolved quickly!

1


Health
A

Data as of Q4 2019

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Brewer Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #13682
Year Chartered1960
Employees22
Primary Regulator
Profit Margin
Return on Assets - YTD1.29%
Return on Equity - YTD11.38%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$64.6MM$58.1MM
LoansQ4 2019vs Q4 2018$50.2MM$47.6MM
DepositsQ4 2019vs Q4 2018$57.1MM$51.4MM
Equity CapitalQ4 2019vs Q4 2018$7.2MM$6.4MM
Loan Loss AllowanceQ4 2019vs Q4 2018$281.00K$361.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$139.00K$154.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Brewer 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.

Brewer Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$50k*-IRA Share
OTHER TIERS: 0.60% → Up to $15k | 0.80% → $15k - $50k
0.75%*-$20kKasasa Saver
OTHER TIERS: 0.54% → $20k+
0.10%$25-Share Savings Account
0.10%$25-Club Accounts

Brewer Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$100k*-Money Manager Account
OTHER TIERS: 0.60% → $2k - $50k | 0.80% → $50k - $100k

Brewer Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$10kKasasa Cash Checking
OTHER TIERS: 0.73% → $10k+

Brewer Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.81%$500-60 Month Share Certificate
1.61%$500-48 Month Share Certificate
1.41%$500-36 Month Share Certificate
1.21%$500-24 Month Share Certificate
1.00%$500-18 Month Share Certificate
0.80%$500-12 Month Share Certificate
0.60%$500-6 Month Share Certificate

Brewer Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.81%$500-60 Month IRA Certificate
1.61%$500-48 Month IRA Certificate
1.41%$500-36 Month IRA Certificate
1.21%$500-24 Month IRA Certificate
1.00%$500-18 Month IRA Certificate
0.80%$500-12 Month IRA Certificate
0.60%$500-6 Month IRA Certificate
Locations


Brewer Federal Credit Union Locations
Branch Office229 Dirigo DrBrewer, ME 04412-1665
Branch Office77 N Main StBrewer, ME 04412-2009

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