Brewer Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.00%Reward CheckingPerfect 10 w/ Diamond Interest Rewards Checking
2.43%5-year CD60 Month Share Certificate
1.16%1-year CD12 Month Share Certificate

Overview / Commentary
207-989-7240
229 Dirigo Dr
Brewer, ME 04412-1665

Brewer Federal Credit Union is headquartered in Brewer and is the 41st largest credit union in the state of Maine. It is also the 2,171st largest credit union in the nation. It was established in 1960 and as of June of 2018, it had grown to 20 employees and 7,953 members at 2 locations. Brewer Federal Credit Union's money market rates are 48% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Brewer FCU is open to those who live, attend school, work or own a business, or worship in the following areas: Penobscot County, Dedham, or Brewer in Maine.
See current membership details

Reviews (1)

Great personal service

Posted by: PlusZippo | Apr 12, 2018

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!



Health
B+
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
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD1.31%
Return on Equity - YTD12.61%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$59.3MM$56.2MM
LoansQ2 2018vs Q2 2017$47.1MM$44.0MM
DepositsQ2 2018vs Q2 2017$52.9MM$50.3MM
Equity CapitalQ2 2018vs Q2 2017$6.1MM$5.4MM
Loan Loss AllowanceQ2 2018vs Q2 2017$394.00K$372.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$243.00K$528.00K
Real Estate OwnedQ2 2018vs Q2 2017$62.00K$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
0.65%*$50k*-Traditional IRA Share
OTHER TIERS: 0.55% Up to $15k | 0.60% $15k - $50k
0.10%$25-Share Savings Account
0.10%$25-Club Accounts

Brewer Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$50k*-Money Manager Account
OTHER TIERS: 0.55% $2k - $15k | 0.60% $15k - $50k

Brewer Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$10kPerfect 10 w/ Diamond Interest Rewards Checking
OTHER TIERS: 0.20% $10k+

Brewer Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.43%$500-60 Month Share Certificate
2.12%$500-48 Month Share Certificate
1.87%$500-36 Month Share Certificate
1.56%$500-24 Month Share Certificate
1.36%$500-18 Month Share Certificate
1.16%$500-12 Month Share Certificate
0.95%$500-6 Month Share Certificate

Brewer Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.43%$500-60 Month IRA Certificate
2.12%$500-48 Month IRA Certificate
1.87%$500-36 Month IRA Certificate
1.56%$500-24 Month IRA Certificate
1.36%$500-18 Month IRA Certificate
1.16%$500-12 Month IRA Certificate
0.95%$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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