University Credit Union (ME)


Overview / Commentary
207-889-8600
15 Main St
Orono, ME 04473-4000

University Credit Union (ME) is headquartered in Orono and is the 7th largest credit union in the state of Maine. It is also the 780th largest credit union in the nation. It was established in 1967 and as of June of 2021, it had grown to 83 employees and 28,343 members at 8 locations. University Credit Union (ME) has an A health rating.

Field of Membership Restrictions

University Credit Union is open to residents of Maine through the Maine Consumer Council. Membership is also open to members and individuals associated with University of Maine System, Maine Maritime Academy, Penobscot County School Districts, The Landing School, Northeast Technical Institute, Cosmotech, Print Mail of Maine, USA Union Street Athletics, General Electric Power Systems of Bangor, and individuals who live or work in Orono town. Family members are also welcome.
See current membership details

Great Place!

Posted by: |

This credit union is filled with friendly and helpful employees. They are wonderful to work with and their Kasasa products offer great benefits! I love their mobile app ... what a time saver!

UCU Maine

Posted by: |

I have been a customer of University Credit Union through the University of Maine for several years. I have had various types of accounts with them including checking, savings, and a loan. The staff is always great to deal with whether I'm at the bank depositing a check or using the change machine in the lobby, have called to report an issue with my card, or when opening an account. I'm most grateful for the fantastic monitoring they do. Any time I've had a card compromised they catch it on the first transaction and immediately call to notify me. They also print cards in the branch, which is very helpful. Once when I was traveling out of state and lost my debit card they helped me find a credit union in their network who could help me withdraw enough cash until I could get home and get a new card printed.

Reward Checking Rate Is Actually 3% On First 10K

This credit union has been great to work with. I wanted to comment because the reward checking account rate isn't getting updated, it's still listed as 1.5% here though it's been 3% on the first 10k for a couple months I think. https://www.ucu.maine.edu/uploads/files/Rates/KasasaCashTruth_in_Savings.pdf

Rate Cut Effective June 1

Effective June 1, 2020 and upon qualification, you will earn:

Kasasa Cash Checking

1.50% APY* on balances up to $10,000

0.15% APY* on the portion of balance over $10,000

0.05% APY* on all balances if qualifications are not met (no change)

Kasasa Saver

0.75% APY* on balances up to $15,000

0.15% APY* on the portion of balance over $15,000

0.05% APY* on all balances if qualifications are not met (no change)

Edit June 1: UCU made it as difficult as possible to close my account through sheer incompetence and making me jump through all kinds of hoops. One person would say one thing and another would say something else altogether. Either they don't have their act together or this is some ham-handed attempt at retention. Finally, after a branch visit to the drive-thru (which connected me to a teller two hours away - why?) and multiple phone calls and emails I finally got it done, but it was a nightmare. All in all, it took me four days to be rid of them.

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Health

Health Grade Components

Overall
NCUA #63133
Year Chartered1967
Employees83
Primary Regulator
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD11.82%
Annual Interest Income$7.1MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$409.2MM$357.4MM
LoansQ2 2021vs Q2 2020$333.5MM$283.0MM
DepositsQ2 2021vs Q2 2020$353.5MM$304.4MM
Equity CapitalQ2 2021vs Q2 2020$37.4MM$33.9MM
Loan Loss AllowanceQ2 2021vs Q2 2020$1.9MM$1.4MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$438.00K$266.00K
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 University Credit Union (ME); 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.

University Credit Union (ME) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$15kKasasa Saver
OTHER TIERS: 0.15% $15k+
0.10%*$2.5k*-Emergency Savings Account
OTHER TIERS: 0.05% Up to $2.5k
0.10%*$2k*-Super Shares
OTHER TIERS: 0.05% Up to $2k
0.10%*$2.5k*-Health Savings Account
OTHER TIERS: 0.05% Up to $2.5k
0.05%--Prime Share
0.05%--Holiday Club
0.05%--Escrows
0.05%--All Purpose Club
0.05%--Achievement Account
0.05%--Monty Moose Account

University Credit Union (ME) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$75k*-Preferred Money Market
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k | 0.15% $25k - $75k
0.20%*$75k*-Preferred Money Market IRA
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k | 0.15% $25k - $75k
0.10%*$5k*-Money Market
OTHER TIERS: 0.05% Up to $5k

University Credit Union (ME) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*-$10kKasasa Cash
OTHER TIERS: 0.15% $10k+
1.00%--IOLTA Checking
0.10%$10k-Premier Checking

University Credit Union (ME) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$500-60 Month CD
0.80%$250-60 Month Monty Moose CD
0.70%$500-48 Month CD
0.70%$250-48 Month Monty Moose CD
0.60%$500-36 Month CD
0.60%$250-36 Month Monty Moose CD
0.50%$500-24 Month CD
0.50%$250-24 Month Monty Moose CD
0.40%$500-18 Month CD
0.40%$250-18 Month Monty Moose CD
0.40%$1.5k-4 Month CD Special
0.40%$1.5k-4 Month Monty Moose CD Special
0.30%$500-12 Month CD
0.30%$250-12 Month Monty Moose CD
0.20%$500-6 Month CD
0.20%$250-6 Month Monty Moose CD

University Credit Union (ME) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$500-60 Month IRA
0.70%$500-48 Month IRA
0.60%$500-36 Month IRA
0.50%$500-24 Month IRA
0.40%$500-18 Month IRA
0.40%$1.5k-4 Month IRA Special
0.30%$500-12 Month IRA
0.20%$500-6 Month IRA
Locations


University Credit Union (ME) Locations
Branch Office154 High StFarmington, ME 04938-1930
Branch Office181 Main StPresque Isle, ME 04769
Branch Office391 Forest AvePortland, ME 04101-2001
Branch Office139 Rangeley RdOrono, ME 04469
Branch Office5748 Memorial Un University of MaineOrono, ME 04469
Branch Office977 Union StBangor, ME 04401
Corporate Office15 Main StOrono, ME 04473
Branch Office37 College Ave Brooks Student CenterGorham, ME 04038

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