Overview / Commentary
Maine State Credit Union is headquartered in Augusta and is the 3rd largest credit union in the state of Maine. It is also the 605th largest credit union in the nation. It was established in 1935 and as of June of 2024, it had grown to 132 employees and 36,879 members at 5 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 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
Health
B+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63377 |
| Year Chartered | 1935 |
| Employees | 132 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.01% |
| Return on Equity - YTD | 0.12% |
| Annual Interest Income | $16.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $686.8MM$594.1MM |
| Loans | Q2 2024vs Q2 2023 | $470.4MM$382.5MM |
| Deposits | Q2 2024vs Q2 2023 | $628.7MM$538.5MM |
| Equity Capital | Q2 2024vs Q2 2023 | $55.4MM$52.8MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $2.5MM$2.5MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $4.4MM$2.4MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |