Maine Savings Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.00%	Reward Checking	2.12% - National Average
0.50%	Reward Savings	0.98% - National Average
2.99%	5-year CD	3.10% - Barclays 60 Month Online CD

View all Maine Savings Federal Credit Union rates »

Overview / Commentary

www.mainesavings.com

800-273-6700

101 Western Ave
Hampden, ME 04444

Maine Savings Federal Credit Union is headquartered in Hampden and is the 2^nd largest credit union in the state of Maine. It is also the 654^th largest credit union in the nation. It was established in 1961 and as of September of 2018, it had grown to 87 employees and 28,667 members at 10 locations. Maine Savings Federal Credit Union's CD rates are 2X the national average, and it 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)

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Featured Account Options

Great local feeling and hospitality

Posted by: germainewebb1 | Jul 27, 2017

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.

Comment

Health

B+

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #	14565
Year Chartered	1961
Employees	87
Primary Regulator

Profit Margin
Return on Assets - YTD	1.07%
Return on Equity - YTD	12.31%
Annual Interest Income	$11.2MM

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$402.1MM$355.4MM
Loans	Q3 2018vs Q3 2017	$335.5MM$281.1MM
Deposits	Q3 2018vs Q3 2017	$327.1MM$301.7MM
Equity Capital	Q3 2018vs Q3 2017	$34.4MM$30.1MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$1.1MM$1.0MM
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$569.00K$753.00K
Real Estate Owned	Q3 2018vs Q3 2017	$0$10.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.50%	-	-	Health Savings Share Draft Account
0.50%^*	-	$10k	RedWallet Saver
OTHER TIERS: 0.25% → $10k+
0.10%	$5	-	Regular Shares
0.10%	-	-	Floating IRA
0.10%	-	-	Holiday Club

Maine Savings Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.00%^*	-	$10k	RedWallet Cash
OTHER TIERS: 0.25% → $10k+

Maine Savings Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.14%	$500	-	66 Month CD
2.99%	$500	-	5 Year CD
2.78%	$500	-	4 Year CD
2.58%	$500	-	3 Year CD
2.38%	$500	-	2 Year CD
2.32%	$500	-	18 Month CD
1.97%	$500	-	1 Year CD
1.56%	$500	-	6 Month CD

Maine Savings Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.99%	$500	-	5 Year IRA
2.78%	$500	-	4 Year IRA
2.58%	$500	-	3 Year IRA
2.38%	$500	-	2 Year IRA
2.32%	$500	-	18 Month IRA
1.97%	$500	-	1 Year IRA

Locations

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

Bangor Branches
Branch Office	671 Broadway	Bangor, ME 04401
Branch Office	868 Hammond St	Bangor, ME 04401-4328

Bar Harbor Branches
Branch Office	600 Main St	Bar Harbor, ME 04609-1522

Brewer Branches
Branch Office	Twin City Plaza 280 State St	Brewer, ME 04412-1519

Corinth Branches
Branch Office	500 Main St	Corinth, ME 04427

Ellsworth Branches
Branch Office	25 Resort Way	Ellsworth, ME 04605

Hampden Branches
Branch Office	101 Western Ave	Hampden, ME 04444

Milo Branches
Branch Office	122 Park St	Milo, ME 04463-1740

Old Town Branches
Branch Office	1002 Stillwater Ave	Old Town, ME 04468

Vassalboro Branches
Branch Office	912 Main St	Vassalboro, ME 04989-3120

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