Maine State Credit Union is headquartered in Augusta and is the 3rd largest credit union in the state of Maine. It is also the 662nd largest credit union in the nation. It was established in 1935 and as of December of 2022, it had grown to 107 employees and 33,706 members at 4 locations. Maine State Credit Union has a B+ health rating.
Field of Membership Restrictions
Maine State Credit Union serves those who work, worship, attend school, or live in Somerset or Kennebec County. Additionally, membership is offered to employees of the state of Maine, members of Maine State Employees' Association, Maine Technical College System employees and other organization.
See current membership details
Advantage Checking Rate Cut To 2% 2/1/12
So says the MSR who opened my account on Thursday. Of course she told me this AFTER I had filled out the paperwork and fully funded the account. At least the 25k cap is still in place...
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63377 |
| Year Chartered | 1935 |
| Employees | 107 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.57% |
| Return on Equity - YTD | 6.46% |
| Annual Interest Income | $19.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $586.7MM$575.9MM |
| Loans | Q4 2022vs Q4 2021 | $363.6MM$335.7MM |
| Deposits | Q4 2022vs Q4 2021 | $532.3MM$510.2MM |
| Equity Capital | Q4 2022vs Q4 2021 | $51.8MM$63.6MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $2.3MM$2.2MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $3.3MM$1.6MM |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |