Brewer Federal Credit Union is headquartered in Brewer and is the 38th largest credit union in the state of Maine. It is also the 1,899th largest credit union in the nation. It was established in 1960 and as of December of 2022, it had grown to 22 employees and 8,679 members at 2 locations. Brewer Federal Credit Union 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.
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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 Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 13682 |
| Year Chartered | 1960 |
| Employees | 22 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 8.37% |
| Annual Interest Income | $3.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $93.7MM$86.9MM |
| Loans | Q4 2022vs Q4 2021 | $69.6MM$62.6MM |
| Deposits | Q4 2022vs Q4 2021 | $84.3MM$78.1MM |
| Equity Capital | Q4 2022vs Q4 2021 | $9.3MM$8.5MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $519.00K$529.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $217.00K$58.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |