New Dimensions Federal Credit Union

Overview / Commentary
94 Silver Street
Waterville, ME 04901

New Dimensions Federal Credit Union is headquartered in Waterville and is the 22nd largest credit union in the state of Maine. It is also the 1,240th largest credit union in the nation. It was established in 1956 and as of September of 2020, it had grown to 64 employees and 16,528 members at 5 locations. New Dimensions Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in New Dimensions Federal Credit Union is open to those who live, work, worship, or attend school in, and businesses and other legal entities located in the counties of Kennebec and Somerset, Maine.
See current membership details

Reviews (2)

using a credit union

I have been using this credit union for over 20 years. I have used "big banks" in the past along with this credit union but have always come back to using New Dimensions as my primary. The checking and savings account is what I like the most. I am not charged a fee or minimum deposit for the checking account. The savings account is linked to my checking account so that if i overdraw on my checking the bank will automatically transfer the money to cover the overdraw for a dollar. One of the major downside is that they are not open on Saturdays. I enjoy using the app and makes it easy to transfer money from account to account and also balance my checking account. They provide me with the ability to use the credit union at my local Walmart. I also like that when I call on the phone I speak to a person and am not transferred a hundred times before solving my problem.

New Dimensions FCU review

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I have been using this credit union since my dad opened me an account when I was six. This credit union is in my town and down the street. I use it for my checking, savings, home morg., and sometimes car loan. The bank is small and bit behind the times as for banking experience. I think their mobile app which they just added recently is great, but the online banking is not very good through their website. I always get a person when I call the bank. They are not open on Saturdays or Sundays which makes it very inconvenient. I am able to transfer money between accountts easily without much hassle.


Health Grade Components

NCUA #11253
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.3%
Return on Equity - YTD3.65%
Annual Interest Income$5.9MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$177.8MM$166.9MM
LoansQ3 2020vs Q3 2019$148.6MM$143.2MM
DepositsQ3 2020vs Q3 2019$160.5MM$146.2MM
Equity CapitalQ3 2020vs Q3 2019$14.6MM$14.0MM
Loan Loss AllowanceQ3 2020vs Q3 2019$791.00K$727.00K
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$1.6MM$1.5MM
Real Estate OwnedQ3 2020vs Q3 2019$29.00K$162.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

New Dimensions Federal Credit Union Savings Account Rates

1.00%*-$25kKasasa Saver
OTHER TIERS: 0.25% $25k+
0.55%*$500k*-Jumbo Certificate Savings Account
OTHER TIERS: 0.10% $100 - $50k | 0.20% $50k - $100k | 0.37% $100k - $250k | 0.46% $250k - $500k
0.20%*$50k*-Certificate Savings Account
OTHER TIERS: 0.10% $100 - $10k | 0.15% $10k - $50k
0.05%$100-Share Savings Account
0.05%$100-Christmas Club Savings
0.05%$100-Traditional IRA
0.05%$100-Roth IRA
0.05%$100-Coverdell Education Savings Account
0.05%$100-Health Savings Account
0.05%$100-60+ Savings Account
0.05%$5-Monty Moose Youth Savings Account
0.05%$25-Take Charge Youth Savings Account
0.05%$100-Vacation Club Savings
0.05%$100-Tax Club Savings

New Dimensions Federal Credit Union Checking Account Rates

2.50%*-$15kKasasa Cash
OTHER TIERS: 0.25% $15k+

New Dimensions Federal Credit Union CD Rates

0.75%$1k-60 Month Share Certificate
0.65%$1k-48 Month Share Certificate
0.55%$1k-36 Month Share Certificate
0.45%$1k-24 Month Share Certificate
0.40%$1k-18 Month Share Certificate
0.35%$1k-12 Month Share Certificate
0.35%$500-12 Month Monty Moose Share Certificate
0.35%$500-12 Month Take Charge Share Certificate
0.30%$1k-6 Month Share Certificate

New Dimensions Federal Credit Union IRA Rates

0.75%$2k-60 Month IRA Certificate
0.65%$2k-48 Month IRA Certificate
0.55%$2k-36 Month IRA Certificate
0.45%$2k-24 Month IRA Certificate
0.40%$2k-18 Month IRA Certificate
0.35%$2k-12 Month IRA Certificate
0.30%$2k-6 Month IRA Certificate

New Dimensions Federal Credit Union Locations
Branch Office61 Grove StWaterville, ME 04901
Branch Office72 Cony StAugusta, ME 04330
Branch Office316 Benton AveWinslow, ME 04901
Branch Office245 Madison AveSkowhegan, ME 04976
Corporate Office94 Silver StWaterville, ME 04901

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