Featured Savings Rates
Featured Accounts

University Credit Union (ME)

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
3.01%Reward CheckingKasasa Cash
1.01%Reward SavingsKasasa Saver
1.20%5-year CD60 Month CD

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

University Credit Union (ME) is headquartered in Orono and is the 6th largest credit union in the state of Maine. It is also the 805th largest credit union in the nation. It was established in 1967 and as of March of 2016, it had grown to 94 employees and 27,561 members at 9 locations. University Credit Union (ME) has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live in the town of Orono, or alumni, students and employees of the University of Maine System's Office and any of the University of Maine System School, Maine Maritime Academy, The Landing School, Northeast Technical Institute, or Cosmotech and employees of other select employee groups.
See current membership details

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Reviews (5)

UCU Maine

Posted by: EB | Apr 4, 2016

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

University CU Delivers a Great Banking Solution

Posted by: Jmclark | Dec 18, 2014

University Credit Union, a credit union for any students, faculty, alumni, or family involved with any of the schools in the University of Maine system, is a great alternative to a bank and a great option for anyone attending one of the UMaine schools. They have locations near all the schools, making it convenient and easy to speak to someone if needed. They have many unique account options that help stretch your dollar, such as offering either 1.5% interest or iTunes gift cards every month that you use your card at least a dozen times and refunding ATM fees. The only downside is their mobile apps look like they're from 2007, but they still function perfectly so it's a minor complaint for a great credit union.

Absolutely Revolting, Pathetic Excuse Of A Company:

Posted by: nikkibby | Sep 6, 2013

This bank has the most unfriendly, unflexible "employees" that I have ever had to encounter. I will NEVER work with this incoherent buisness ever again. I am completely unsatisfied with my loan, the way they present themselves and their services. I will be taking legal action. I was told that I was an inconvinence to them and that they couldn't find anyone fast enough to "handle me" by a woman named Carla. I went through a male and another woman before reaching this "charming" woman. She attacked my personal life as well by saying she doesn't have any clue where I'm coming from. For working in "resolutions" you would think it would be her job to create a positive and helpful solution to bust costumer moral and get the money she is after. I am willing to pay three months early, but I am disgusted with the number of times I was transfered due to their inability or lack of the credentials to understand and answer a simple question. I give University Credit Union negative stars for performance, costumer satisfaction and timeliness.

This Bank Steals From College Students.

I have been storing my money with UCU since the fall of 2011. Its online banking system only displays records as far back as January 2013, but since then I have lost $460 in transfer fees. When I opened the account, I asked for and was assured that my checking account would bounce any overdrafts, with no charge to me. This is a common practice in many banks outside of Maine, so I went on my merry way. Once or twice a year I would receive an withdrawal transfer fee notification in the mail, call UCU, get a refund on the fee and "reset" my account to not allow overdrafts. Recently I got another letter in the mail, checked my online account, and realized that I have probably lost twice as many as 460 dollars (given that I have records for only half of my time with UCU).

I know I should have been more vigilant about my spending - my fault there. This practice is technically not illegal, so I can't really do anything about that. But the notion that a credit union would repeatedly lie to its clients about the nature of their accounts is reprehensible. I intend to move my money into another bank or credit union as soon as possible.



Health
B+

Health Grade Components

Overall
NCUA #63133
Year Chartered1967
Employees94
Primary Regulator
Profit Margin
Return on Assets - YTD0.18%
Return on Equity - YTD1.95%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$266.9MM$253.7MM
LoansQ1 2016vs Q1 2015$217.0MM$204.8MM
DepositsQ1 2016vs Q1 2015$209.5MM$189.5MM
Equity CapitalQ1 2016vs Q1 2015$24.4MM$23.4MM
Loan Loss AllowanceQ1 2016vs Q1 2015$1.1MM$1.1MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$2.8MM$2.5MM
Real Estate OwnedQ1 2016vs Q1 2015$63.00K$221.00K
Rates
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* 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
1.01%*-$15kKasasa Saver
OTHER TIERS: 0.25% $15k+
0.31%--Escrows
0.30%*$100k*-IRA
OTHER TIERS: 0.10% Up to $5k | 0.15% $5k - $25k | 0.20% $25k - $75k | 0.25% $75k - $100k
0.30%*$100k*-Roth IRA
OTHER TIERS: 0.10% Up to $5k | 0.15% $5k - $25k | 0.20% $25k - $75k | 0.25% $75k - $100k
0.30%*$100k*-CESA
OTHER TIERS: 0.10% Up to $5k | 0.15% $5k - $25k | 0.20% $25k - $75k | 0.25% $75k - $100k
0.20%*$10k*-Emergency Savings Account
OTHER TIERS: 0.10% Up to $2,500 | 0.15% $2,500 - $10k
0.20%*$10k*-Health Savings Account
OTHER TIERS: 0.10% Up to $2,500 | 0.15% $2,500 - $10k
0.15%*$2k*-Super Shares
OTHER TIERS: 0.10% Up to $2k
0.10%--Prime Share
0.10%--Holiday Club
0.10%--All Purpose Club
0.10%--Achievement Account
0.10%--Monty Moose Account

University Credit Union (ME) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Preferred Money Market
OTHER TIERS: 0.10% Up to $5k | 0.15% $5k - $25k | 0.20% $25k - $75k | 0.25% $75k - $100k
0.15%*$5k*-Money Market
OTHER TIERS: 0.10% Up to $5k

University Credit Union (ME) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.01%*-$10kKasasa Cash
OTHER TIERS: 0.25% $10k+
1.00%--IOLTA Checking
0.15%$10k-Premier Checking

University Credit Union (ME) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$500-60 Month CD
1.20%$250-60 Month Monty Moose CD
0.90%$500-48 Month CD
0.90%$250-48 Month Monty Moose CD
0.77%$250-20 Month Monty Moose CD Special
0.77%$2,500-20 Month CD Special
0.75%$500-36 Month CD
0.75%$250-36 Month Monty Moose CD
0.55%$500-24 Month CD
0.55%$250-24 Month Monty Moose CD
0.47%$1,500-10 Month CD Special
0.47%$250-10 Month Monty Moose CD Special
0.40%$500-18 Month CD
0.40%$250-18 Month Monty Moose CD
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
1.20%$500-60 Month IRA
0.90%$500-48 Month IRA
0.77%$2,500-20 Month IRA Special
0.75%$500-36 Month IRA
0.55%$500-24 Month IRA
0.47%$1,500-10 Month IRA Special
0.40%$500-18 Month IRA
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 Office1071 Brighton AvePortland, ME 04102
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