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
1.81%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 3rd largest credit union in the state of Maine. It is also the 690th largest credit union in the nation. It was established in 1961 and as of September of 2017, it had grown to 87 employees and 29,875 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
Employees87
Primary Regulator
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD12.33%
Annual Interest Income$10.0MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$355.4MM$322.2MM
LoansQ3 2017vs Q3 2016$281.1MM$247.8MM
DepositsQ3 2017vs Q3 2016$301.7MM$277.6MM
Equity CapitalQ3 2017vs Q3 2016$30.1MM$26.7MM
Loan Loss AllowanceQ3 2017vs Q3 2016$1.0MM$831.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$753.00K$870.00K
Real Estate OwnedQ3 2017vs Q3 2016$10.00K$10.00K
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
1.81%$500-5 Year CD
1.51%$500-4 Year CD
1.20%$500-3 Year CD
1.00%$500-2 Year CD
0.80%$500-18 Month CD
0.60%$500-1 Year CD
0.25%$500-6 Month CD

Maine Savings Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.81%$500-5 Year IRA
1.51%$500-4 Year IRA
1.20%$500-3 Year IRA
1.00%$500-2 Year IRA
0.80%$500-18 Month IRA
0.60%$500-1 Year IRA
Locations


Cities: Bangor, Bar Harbor, Brewer, Corinth, Ellsworth, Hampden, Milo, Old Town, Vassalboro

Bangor Branches
Branch Office671 BroadwayBangor, ME 04401
Branch Office868 Hammond StBangor, ME 04401-4328

Bar Harbor Branches
Branch Office600 Main StBar Harbor, ME 04609-1522

Brewer Branches
Branch OfficeTwin City Plaza 280 State StBrewer, ME 04412-1519

Corinth Branches
Branch Office500 Main StCorinth, ME 04427

Ellsworth Branches
Branch Office25 Resort WayEllsworth, ME 04605

Hampden Branches
Branch Office101 Western AveHampden, ME 04444

Milo Branches
Branch Office122 Park StMilo, ME 04463-1740

Old Town Branches
Branch Office1002 Stillwater AveOld Town, ME 04468

Vassalboro Branches
Branch Office912 Main StVassalboro, ME 04989-3120