Brewer Federal Credit Union

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

Brewer Federal Credit Union is headquartered in Brewer and is the 43rd largest credit union in the state of Maine. It is also the 2,176th largest credit union in the nation. It was established in 1960 and as of December of 2018, it had grown to 22 employees and 7,851 members at 2 locations. Brewer Federal Credit Union's CD rates are 2X 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!

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

NCUA #13682
Year Chartered1960
Primary Regulator
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD10.79%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$58.1MM$56.1MM
LoansQ4 2018vs Q4 2017$47.6MM$45.0MM
DepositsQ4 2018vs Q4 2017$51.4MM$50.2MM
Equity CapitalQ4 2018vs Q4 2017$6.4MM$5.7MM
Loan Loss AllowanceQ4 2018vs Q4 2017$361.00K$380.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$154.00K$98.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$75.00K
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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

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

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

Brewer Federal Credit Union CD Rates

3.04%$500-60 Month Share Certificate
2.84%$500-48 Month Share Certificate
2.63%$500-36 Month Share Certificate
2.43%$500-24 Month Share Certificate
2.43%$500-25 Month Step-Up Share Certificate
2.32%$500-18 Month Share Certificate
2.12%$500-12 Month Share Certificate
1.81%$500-6 Month Share Certificate

Brewer Federal Credit Union IRA Rates

3.04%$500-60 Month IRA Certificate
2.84%$500-48 Month IRA Certificate
2.63%$500-36 Month IRA Certificate
2.43%$500-24 Month IRA Certificate
2.43%$500-25 Month Step-Up IRA Certificate
2.32%$500-18 Month IRA Certificate
2.12%$500-12 Month IRA Certificate
1.81%$500-6 Month IRA Certificate

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

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