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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 36th largest credit union in the state of Maine. It is also the 1,840th largest credit union in the nation. It was established in 1960 and as of June of 2023, it had grown to 21 employees and 8,881 members at 2 locations. Brewer Federal Credit Union's money market rates are 6X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Brewer Federal Credit Union is open to those who live, work, worship, attend school, or own a business in the Maine counties of Penobscot, Hancock, or Waldo.
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 Q2 2023

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
Employees21
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD8%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$98.2MM$89.5MM
LoansQ2 2023vs Q2 2022$70.5MM$68.3MM
DepositsQ2 2023vs Q2 2022$88.2MM$80.4MM
Equity CapitalQ2 2023vs Q2 2022$9.7MM$8.8MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$547.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$177.00K$73.00K
Real Estate OwnedQ2 2023vs Q2 2022$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
2.63%*$50k*-IRA Share
OTHER TIERS: 2.17% → Up to $15k | 2.38% → $15k - $50k
0.75%*-$20kKasasa Saver
OTHER TIERS: 0.50% → $20k+
0.05%$25-Share Savings Account
0.05%$25-Club Accounts

Brewer Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.63%*$100k*-Money Manager Account
OTHER TIERS: 2.17% → $2k - $50k | 2.38% → $50k - $100k

Brewer Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$10kKasasa Cash Checking
OTHER TIERS: 0.50% → $10k+

Brewer Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.33%$500-12 Month Share Certificate
4.85%$500-18 Month Share Certificate
4.85%$500-24 Month Share Certificate
4.85%$500-16 Month Share Certificate
4.33%$500-36 Month Share Certificate
4.33%$500-48 Month Share Certificate
4.18%$500-60 Month Share Certificate
3.30%$500-6 Month Share Certificate

Brewer Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.33%$500-12 Month IRA Certificate
4.85%$500-18 Month IRA Certificate
4.85%$500-24 Month IRA Certificate
4.85%$500-16 Month IRA Certificate
4.33%$500-36 Month IRA Certificate
4.33%$500-48 Month IRA Certificate
4.18%$500-60 Month IRA Certificate
3.30%$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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