Brewer Federal Credit Union is headquartered in Brewer and is the 41st largest credit union in the state of Maine. It is also the 2,124th largest credit union in the nation. It was established in 1960 and as of June of 2019, it had grown to 22 employees and 7,973 members at 2 locations. Brewer Federal Credit Union's CD 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
Great personal service
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!
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 13682 |
| Year Chartered | 1960 |
| Employees | 22 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.36% |
| Return on Equity - YTD | 12.24% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $61.7MM$59.3MM |
| Loans | Q2 2019vs Q2 2018 | $49.9MM$47.1MM |
| Deposits | Q2 2019vs Q2 2018 | $54.6MM$52.9MM |
| Equity Capital | Q2 2019vs Q2 2018 | $6.8MM$6.1MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $311.00K$394.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $122.00K$243.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$62.00K |
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* 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | $50k* | - | IRA Share | ||
| OTHER TIERS: 0.60% → Up to $15k | 0.80% → $15k - $50k | |||||
| 0.10% | $25 | - | Share Savings Account | ||
| 0.10% | $25 | - | Club Accounts | ||
Brewer Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%* | $100k* | - | Money Manager Account | ||
| OTHER TIERS: 0.60% → $2k - $50k | 0.80% → $50k - $100k | |||||
Brewer Federal Credit Union CD Rates
Brewer Federal Credit Union IRA Rates
| Brewer Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 229 Dirigo Dr | Brewer, ME 04412-1665 |
| Branch Office | 77 N Main St | Brewer, ME 04412-2009 |