TruChoice Federal Credit Union
TruChoice Federal Credit Union is headquartered in South Portland and is the 21st largest credit union in the state of Maine. It is also the 1,175th largest credit union in the nation. It was established in 1955 and as of June of 2024, it had grown to 48 employees and 12,713 members at 4 locations. TruChoice Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
TruChoice Federal Credit Union is open to anyone who lives, works, worships, or goes to school in the Maine counties of Androscoggin, Franklin, Kennebec, Knox, Cumberland, Lincoln, Oxford, York, Sagadahoc, or Somerset. Family members are also eligible to join.
See current membership details
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New Member Decent Rates
summer 2024 teaser reward checking rate 8% was nice while it lasted.
September 2024 rate is 5.25 on 1st 10k
So far, good experience
Recommend
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 10100 |
| Year Chartered | 1955 |
| Employees | 48 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.24% |
| Return on Equity - YTD | 14.48% |
| Annual Interest Income | $6.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $231.7MM$226.3MM |
| Loans | Q2 2024vs Q2 2023 | $202MM$201.9MM |
| Deposits | Q2 2024vs Q2 2023 | $211.1MM$199.6MM |
| Equity Capital | Q2 2024vs Q2 2023 | $19.9MM$18.1MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $3.7MM$4.3MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $2.5MM$2.3MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $294K$0 |