Maine Savings Federal Credit Union


Overview / Commentary
207-862-6500
101 Western Ave
Hampden, ME 04444

Maine Savings Federal Credit Union is headquartered in Hampden and is the 2nd largest credit union in the state of Maine. It is also the 545th largest credit union in the nation. It was established in 1961 and as of September of 2024, it had grown to 155 employees and 40,967 members at 11 locations. Maine Savings Federal Credit Union has a B+ 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)

Ruined My Credit And Can't/Won't Help Fix Their Mistake

Posted by: |

I closed my account in person at this bank. Cancelled my card, withdrew all my money, then moved across the country. Two years later I found out they tried to send me a small bill after I had done this. They have no record for what it is or when it was or how much it is. According to a credit report it was less than $50. Even though I closed the account in person and none of this should have happened, I know have a delinquency on my credit that has dropped my score from almost 800 to 550 and I have slowly had it rise back to 650 which is still garbage for getting a mortgage. I have emailed multiple times with no response and have called multiple times with no help. Essentially the bank has no idea what happened, but still won't remove the blemish from my account. This could cost my thousands of dollars if I buy a home before the 7 years it takes to fall off my record. I would highly suggest to not even THINK of using Maine Savings. They are lazy, they are dumb, and they should not handle be allowed to handle any individual's money.



Health
B+

Health Grade Components

Overall
NCUA #14565
Year Chartered1961
Employees155
Primary Regulator
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD7.32%
Annual Interest Income$32.3MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$792.7MM$697.1MM
LoansQ3 2024vs Q3 2023$611.1MM$557.6MM
DepositsQ3 2024vs Q3 2023$707.6MM$619.2MM
Equity CapitalQ3 2024vs Q3 2023$61.4MM$56.9MM
Loan Loss AllowanceQ3 2024vs Q3 2023$2.1MM$1.9MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$3.1MM$1.9MM
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates

Sorry, we do not have rate data for Maine Savings Federal Credit Union.

Locations

Availability



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