Maine State Credit Union is headquartered in Augusta and is the 3rd largest credit union in the state of Maine. It is also the 629th largest credit union in the nation. It was established in 1935 and as of December of 2023, it had grown to 120 employees and 35,440 members at 5 locations. Maine State Credit Union's CD rates are 4X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Maine State Credit Union serves those who work, worship, attend school, or live in the Maine counties of Androscoggin, Cumberland, Kennebec, Knox, Lincoln, Sagadahoc, Somerset, or Waldo. 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
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1/9 - Maine State Credit Union Offers Market-Leading 25-Month Promo CD
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 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63377 |
| Year Chartered | 1935 |
| Employees | 120 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.23% |
| Return on Equity - YTD | 2.66% |
| Annual Interest Income | $25.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $642.6MM$586.7MM |
| Loans | Q4 2023vs Q4 2022 | $417.4MM$363.6MM |
| Deposits | Q4 2023vs Q4 2022 | $585.2MM$532.3MM |
| Equity Capital | Q4 2023vs Q4 2022 | $54.5MM$51.8MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $2.6MM$2.3MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $4.8MM$3.3MM |
| Real Estate Owned | Q4 2023vs Q4 2022 | $0$0 |