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Maine Savings Federal Credit Union


Overview / Commentary
www.mainesavings.com
207-862-6500
101 Western Ave
Hampden, ME 04444

Maine Savings Federal Credit Union is headquartered in Hampden and is the 3rd largest credit union in the state of Maine. It is also the 645th largest credit union in the nation. It was established in 1961 and as of March of 2021, it had grown to 112 employees and 31,508 members at 11 locations. Maine Savings Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to all residents of the state of Maine through joining the American Consumer Council (can join through the credit union's online application). Membership is also open to those living in select areas of Maine and to members of the Select Employee Group (details are in the credit union's online application).
See current membership details

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Reviews (1)

Great local feeling and hospitality

Posted by: |

Maine savings is the ONLY credit union I have ever used. I first went in skeptical, but their friendly and knowledgeable staff convinced me to open an account with them and 4 years later I do not regret it! As a young person, I had not many ideas about saving, butt with their service fee free savings accounts with versatile interest rewards options made me feel more secure in my decision. Red wallet reward options are pretty unique and definitely not something that any other bank in the area offers. I would also like to say that they are very understanding and lenient with overdraft fees and financial accidents as long as they are corrected when noticed, as long as you keep up to date on finances there should be no issue with this credit union, they are truly great and so helpful for someone like me who doesn;t really know much about savings and investment.

1


Health
A

Data as of Q1 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #14565
Year Chartered1961
Employees112
Primary Regulator
Profit Margin
Return on Assets - YTD1.31%
Return on Equity - YTD14.96%
Annual Interest Income$4.1MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$543.4MM$474.7MM
LoansQ1 2021vs Q1 2020$363.7MM$355.6MM
DepositsQ1 2021vs Q1 2020$489.8MM$415.4MM
Equity CapitalQ1 2021vs Q1 2020$46.3MM$40.4MM
Loan Loss AllowanceQ1 2021vs Q1 2020$1.5MM$1.3MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$117.00K$988.00K
Real Estate OwnedQ1 2021vs Q1 2020$0$43.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Maine Savings 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.

Maine Savings Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Health Savings Share Draft Account
0.50%*-$10kRedWallet Saver
OTHER TIERS: 0.25% → $10k+
0.10%$5-Regular Shares
0.10%--Floating IRA
0.10%--Holiday Club
0.10%--Design Your Own Club

Maine Savings Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Insured Money Market
OTHER TIERS: 0.10% → $2.5k - $25k | 0.20% → $25k - $50k

Maine Savings Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$10kRedWallet Cash
OTHER TIERS: 0.25% → $10k+

Maine Savings Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.06%$500-66 Month CD
0.91%$500-5 Year CD
0.80%$500-4 Year CD
0.60%$500-3 Year CD
0.40%$500-2 Year CD
0.35%$500-18 Month CD
0.25%$500-1 Year CD
0.10%$500-6 Month CD

Maine Savings Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.06%$500-66 Month IRA
0.91%$500-5 Year IRA
0.80%$500-4 Year IRA
0.60%$500-3 Year IRA
0.40%$500-2 Year IRA
0.35%$500-18 Month IRA
0.25%$500-1 Year IRA
Locations

Availability



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