Maine Highlands Federal Credit Union is headquartered in Dexter and is the 25th largest credit union in the state of Maine. It is also the 1,367th largest credit union in the nation. It was established in 1966 and as of December of 2020, it had grown to 49 employees and 13,075 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
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.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 17398 |
| Year Chartered | 1966 |
| Employees | 49 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.4% |
| Return on Equity - YTD | 4.64% |
| Annual Interest Income | $6.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $156.0MM$130.3MM |
| Loans | Q4 2020vs Q4 2019 | $107.9MM$109.6MM |
| Deposits | Q4 2020vs Q4 2019 | $141.1MM$110.3MM |
| Equity Capital | Q4 2020vs Q4 2019 | $13.1MM$12.5MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $177.00K$204.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $854.00K$581.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |