Maine Highlands Federal Credit Union

Overview / Commentary
73 Main St
Dexter, ME 04930

Maine Highlands Federal Credit Union is headquartered in Dexter and is the 24th largest credit union in the state of Maine. It is also the 1,319th largest credit union in the nation. It was established in 1966 and as of December of 2022, it had grown to 52 employees and 14,013 members at 6 locations. Maine Highlands Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership to Maine Highlands Federal Credit Union is open to persons who live, work, worship or attend school in the rural district of Piscataquis, Penobscot, or Somerset Counties, Maine;
See current membership details

Reviews (3)

My Favorite Credit Union

I have been with this credit union for over 20 years, and I probably will be with them for another 20 years. They are right on the ball as far as watching the accounts that they hold. I have had someone get a hold of my credit/debit card and try to make hundreds of dollars in purchases and the lady who is in charge of that department saw a lot of activity going on with my account and called me right away. She was able to stop almost all of the charges before they were actually taken from my account and the ones that had been taken she gave me the information on how to get a hold of the companies and those companies refunded my money. If it wasn't for the attention that they give to there account holders I would have been out of a lot on money. Every employee that I have ever interacted with has been very pleasant, helpful and knowledgeable.

Maine Highlands Federal Credit Union and Me

I have used this credit union since I was 16 years old. I have continually held a checking and savings account with the. When is was time to purchase a home I went to them for a loan. They were very helpful and helped me get a land loan since the home I wanted to purchase was not worth enough money to qualify for a regular mortgage. The loan was adjustable but only by a point per year. There were no fees for early payoff and we did pay it off early. A few years ago they began to offer online banking. This feature has been extremely convenient. I can deposit checks and transfer funds between my accounts from home. We live 15 minutes away from all of the branches of this credit union so the online banking has saved us a ton of hassle.

The only bank we use

We have used MHFCU for many years. It is the only bank we use. We have a savings account and a checking account with the. Our monthly fee for these services is $2.00 a month. We also were provided with a loan to purchase land with them for $15,000 which we have paid of. The loan had an adjustable rate but could only go up or down 1% per year and there were no penalties for early payoff. This bank does allow us to do most of our banking online, including electronic depositing of checks, and transfers between our accounts which is very convenient. It is also convenient that they allow us to make night deposits and have branches in a couple of the towns that surround our town.


Health Grade Components

NCUA #17398
Year Chartered1966
Primary Regulator
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD9.66%
Annual Interest Income$7.2MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$182.7MM$174.6MM
LoansQ4 2022vs Q4 2021$116.2MM$108.6MM
DepositsQ4 2022vs Q4 2021$165.4MM$158.8MM
Equity CapitalQ4 2022vs Q4 2021$15.6MM$14.4MM
Loan Loss AllowanceQ4 2022vs Q4 2021$203.00K$182.00K
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$992.00K$698.00K
Real Estate OwnedQ4 2022vs Q4 2021$0$0

Rates for Maine Highlands Federal Credit Union are currently being reviewed.


Maine Highlands Federal Credit Union Locations
Branch Office194 Main RdBrownville, ME 04414
Branch Office23 Hudson AveGuilford, ME 04443
Branch Office955 W Main StDover Foxcroft, ME 04426-1028
Branch Office393 Pritham AvenueGreenville Junction, ME 04442
Branch Office73 Main StDexter, ME 04930
Branch Office216 Main StCanaan, ME 04924

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