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Maine Savings Federal Credit Union


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 2nd largest credit union in the state of Maine. It is also the 636th largest credit union in the nation. It was established in 1961 and as of September of 2019, it had grown to 103 employees and 29,705 members at 11 locations. Maine Savings Federal Credit Union's CD rates are 96% higher than the national average, and it 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

Related Posts

3.14% Certificates Still Available - 12/26/2019

I was surprised to find a small credit union in Maine having what I think is a very good deal. 3.14% APY which they have had since August. The term is for 66 months but I'm fine with that. I no longer live in Maine but by joining the American Consumer Council through the MSFCU online member application, at no cost by the way, it was easy to join. I will be doing a shared branch transfer on Monday when my certificate at NASAFCU is closed.

Maine Savings Federal Credit Union 66-Month CD Earns 3.14% APY - 8/22/2019

Maine Savings Federal Credit Union (easy membership for Maine residents) is offering a 66-month CD, which earns 3.14% APY. Minimum opening deposit is $500.

Reviews (1)

Great local feeling and hospitality

Posted by: |

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.

1


Health
A

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #14565
Year Chartered1961
Employees103
Primary Regulator
Profit Margin
Return on Assets - YTD0.87%
Return on Equity - YTD10.01%
Annual Interest Income$13.7MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$441.9MM$402.1MM
LoansQ3 2019vs Q3 2018$369.4MM$335.5MM
DepositsQ3 2019vs Q3 2018$378.9MM$327.1MM
Equity CapitalQ3 2019vs Q3 2018$38.3MM$34.4MM
Loan Loss AllowanceQ3 2019vs Q3 2018$1.2MM$1.1MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$711.00K$569.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

3.14% Certificates Still Available

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I was surprised to find a small credit union in Maine having what I think is a very good deal. 3.14% APY which they have had since August. The term is for 66 months but I'm fine with that. I no longer live in Maine but by joining the American Consumer Council through the MSFCU online member application, at no cost by the way, it was easy to join. I will be doing a shared branch transfer on Monday when my certificate at NASAFCU is closed.
4

Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Health Savings Share Draft Account
0.50%*-$10kRedWallet 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$10kRedWallet Cash
OTHER TIERS: 0.25% → $10k+

Maine Savings Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$500-66 Month CD
2.63%$500-5 Year CD
2.53%$500-4 Year CD
2.32%$500-3 Year CD
2.12%$500-2 Year CD
2.07%$500-18 Month CD
1.76%$500-1 Year CD
1.36%$500-6 Month CD

Maine Savings Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.63%$500-5 Year IRA
2.53%$500-4 Year IRA
2.32%$500-3 Year IRA
2.12%$500-2 Year IRA
2.07%$500-18 Month IRA
1.76%$500-1 Year IRA
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.