TruChoice Federal Credit Union


Overview / Commentary
207-772-0808
332 Cummings Rd
South Portland, ME 04106

TruChoice Federal Credit Union is headquartered in South Portland and is the 22nd largest credit union in the state of Maine. It is also the 1,276th largest credit union in the nation. It was established in 1955 and as of June of 2021, it had grown to 46 employees and 12,200 members at 4 locations. TruChoice Federal Credit Union has an A health rating.

Field of Membership Restrictions

TruChoice Federal Credit Union is open to anyone who lives, works, worships, or goes to school in Androscogggin, Franklin, Kennebec, Knox, Cumberland, Lincoln, Oxford, York, Sagadahoc, or Somerset counties in Maine. Family members are also eligible.
See current membership details

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Health

Health Grade Components

Overall
NCUA #10100
Year Chartered1955
Employees46
Primary Regulator
Profit Margin
Return on Assets - YTD1.31%
Return on Equity - YTD15.09%
Annual Interest Income$3.8MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$187.2MM$171.8MM
LoansQ2 2021vs Q2 2020$152.8MM$133.0MM
DepositsQ2 2021vs Q2 2020$170.4MM$156.2MM
Equity CapitalQ2 2021vs Q2 2020$16.2MM$15.3MM
Loan Loss AllowanceQ2 2021vs Q2 2020$1.3MM$753.00K
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$729.00K$1.3MM
Real Estate OwnedQ2 2021vs Q2 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not TruChoice Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

TruChoice Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$250k*-IRA Accounts
OTHER TIERS: 0.25% $200 - $2.5k | 0.30% $2.5k - $10k | 0.55% $10k - $25k | 0.60% $25k - $75k | 0.70% $75k - $250k
0.35%*$250k*-Savings Account
OTHER TIERS: 0.10% $200 - $10k | 0.15% $10k - $25k | 0.20% $25k - $75k | 0.30% $75k - $250k
0.30%*$25k*-Christmas Club
OTHER TIERS: 0.15% $200 - $10k | 0.25% $10k - $25k
0.30%*$25k*-All-purpose Club
OTHER TIERS: 0.15% $200 - $10k | 0.25% $10k - $25k

TruChoice Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$250k*-Money Market Account
OTHER TIERS: 0.15% $200 - $2.5k | 0.20% $2.5k - $10k | 0.25% $10k - $25k | 0.30% $25k - $75k | 0.35% $75k - $250k

TruChoice Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$2.5k-24 Month Share Certificate
0.40%$2.5k-12 Month Share Certificate
0.30%$2.5k-6 Month Share Certificate

TruChoice Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$2.5k-24 Month IRA
0.40%$2.5k-12 Month IRA
0.30%$2.5k-6 Month IRA
Locations


TruChoice Federal Credit Union Locations
Branch Office779 NARRAGANSETT TRLBUXTON, ME 04093
Branch Office332 Cummings RdSouth Portland, ME 04106
Branch Office272 PARK AVEPORTLAND, ME 04102-2912
Branch Office6 Barra RdBiddeford, ME 04005-9459

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