Featured Savings Rates
Featured Accounts

Maine Savings Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.00%Reward CheckingRedWallet Cash
0.50%Reward SavingsRedWallet Saver
1.56%5-year CD5 Year CD

Overview / Commentary
800-273-6700
101 Western Ave
Hampden, ME 04444

Maine Savings Federal Credit Union is headquartered in Hampden and is the 4th largest credit union in the state of Maine. It is also the 708th largest credit union in the nation. It was established in 1961 and as of March of 2017, it had grown to 86 employees and 29,131 members at 10 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

Reviews (1)

Great local feeling and hospitality

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.



Health

Health Grade Components

Overall
NCUA #14565
Year Chartered1961
Employees86
Primary Regulator
Profit Margin
Return on Assets - YTD0.89%
Return on Equity - YTD10.7%
Annual Interest Income$3.3MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$344.4MM$312.5MM
LoansQ1 2017vs Q1 2016$262.7MM$230.6MM
DepositsQ1 2017vs Q1 2016$297.1MM$273.7MM
Equity CapitalQ1 2017vs Q1 2016$28.1MM$24.5MM
Loan Loss AllowanceQ1 2017vs Q1 2016$963.00K$803.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$431.00K$273.00K
Real Estate OwnedQ1 2017vs Q1 2016$78.00K$0
Rates
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* 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%--Regular Shares
0.10%--Floating IRA
0.10%--Holiday Club

Maine Savings Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Insured Money Market
OTHER TIERS: 0.10% $2,500 - $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
1.56%$500-5 Year CD
1.26%$500-4 Year CD
0.95%$500-3 Year CD
0.65%$500-2 Year CD
0.50%$500-18 Month CD
0.35%$500-1 Year CD
0.25%$500-6 Month CD

Maine Savings Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%$500-5 Year IRA
1.26%$500-4 Year IRA
0.95%$500-3 Year IRA
0.65%$500-2 Year IRA
0.50%$500-18 Month IRA
0.35%$500-1 Year IRA
Locations


Maine Savings Federal Credit Union Locations
Branch Office500 Main StCorinth, ME 04427
Branch Office25 Resort WayEllsworth, ME 04605
Branch Office122 Park StMilo, ME 04463-1740
Branch OfficeTwin City Plaza 280 State StBrewer, ME 04412-1519
Branch Office912 Main StVassalboro, ME 04989-3120
Branch Office671 BroadwayBangor, ME 04401
Branch Office868 Hammond StBangor, ME 04401-4328
Branch Office101 Western AveHampden, ME 04444
Branch Office600 Main StBar Harbor, ME 04609-1522
Branch Office1002 Stillwater AveOld Town, ME 04468