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 649th largest credit union in the nation. It was established in 1961 and as of December of 2020, it had grown to 114 employees and 31,125 members at 11 locations. Maine Savings Federal Credit Union has an A health rating.
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
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.
Overall | |
---|---|
NCUA # | 14565 |
Year Chartered | 1961 |
Employees | 114 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.98% |
Return on Equity - YTD | 11.28% |
Annual Interest Income | $17.7MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2020vs Q4 2019 | $513.3MM$452.5MM |
Loans | Q4 2020vs Q4 2019 | $366.1MM$364.3MM |
Deposits | Q4 2020vs Q4 2019 | $459.6MM$393.2MM |
Equity Capital | Q4 2020vs Q4 2019 | $44.6MM$39.6MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $1.5MM$1.3MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.3MM$698.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $43.00K$69.00K |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.30%* | $50k* | - | Insured Money Market | ||
OTHER TIERS: 0.10% → $2.5k - $25k | 0.20% → $25k - $50k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.00%* | - | $10k | RedWallet Cash | ||
OTHER TIERS: 0.25% → $10k+ |
APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |