University Credit Union (ME)
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 3.01% | Reward Checking | Kasasa Cash 1.81% - National Average |
| 1.01% | Reward Savings | Kasasa Saver 0.81% - National Average |
| 1.20% | 5-year CD | 60 Month CD 2.35% - Synchrony Bank 60 Month CD |
University Credit Union (ME) is headquartered in Orono and is the 6th largest credit union in the state of Maine. It is also the 800th largest credit union in the nation. It was established in 1967 and as of December of 2016, it had grown to 87 employees and 27,974 members at 9 locations. University Credit Union (ME) has a B+ health rating.
Field of Membership Restrictions
Membership in University Credit Union is open to the following: (1) those who live in the town of Orono; (2) alumni, students and employees of the University of Maine System's Office and any of the University of Maine System School (3) student, employees or alumni of Maine Maritime Academy, The Landing School, Northeast Technical Institute, or Cosmotech.
See current membership details
Related Posts
UCU Maine
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
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.
Tried To Open A Business Account Here
Wow, what a run around. Wanted too much cumbersome and unnecessary paperwork just to open a business checking account. Eventually decided to go to a local traditional bank where we got excellent and prompt service. Opened an account right away with one tenth of the hassle. UCU seemed to not want our business, but the other bank sure did! Will never attempt to do business there again.
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.
Absolutely Revolting, Pathetic Excuse Of A Company:
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.
Data as of Q4 2016
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63133 |
| Year Chartered | 1967 |
| Employees | 87 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.47% |
| Return on Equity - YTD | 5.18% |
| Annual Interest Income | $11.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2016vs Q4 2015 | $276.0MM$265.7MM |
| Loans | Q4 2016vs Q4 2015 | $220.9MM$215.5MM |
| Deposits | Q4 2016vs Q4 2015 | $218.8MM$201.4MM |
| Equity Capital | Q4 2016vs Q4 2015 | $25.2MM$24.2MM |
| Loan Loss Allowance | Q4 2016vs Q4 2015 | $1.1MM$1.1MM |
| Unbacked Noncurrent Loans | Q4 2016vs Q4 2015 | $3.5MM$3.4MM |
| Real Estate Owned | Q4 2016vs Q4 2015 | $68.00K$63.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.01%* | - | $15k | Kasasa Saver | ||
| OTHER TIERS: 0.25% → $15k+ | |||||
| 0.45% | - | - | 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.01%* | - | $10k | Kasasa Cash | ||
| OTHER TIERS: 0.25% → $10k+ | |||||
| 1.00% | - | - | IOLTA Checking | ||
| 0.15% | $10k | - | Premier Checking | ||
University Credit Union (ME) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.20% | $500 | - | 60 Month CD | |
| 1.20% | $250 | - | 60 Month Monty Moose CD | |
| 1.01% | $2,500 | - | 25 Month CD Special | |
| 1.01% | $2,500 | - | 25 Month Monty Moose CD Special | |
| 0.90% | $500 | - | 48 Month CD | |
| 0.90% | $250 | - | 48 Month Monty Moose CD | |
| 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 | |
| 0.55% | $1,500 | - | 11 Month CD Special | |
| 0.55% | $1,500 | - | 11 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.20% | $500 | - | 60 Month IRA | |
| 1.01% | $2,500 | - | 25 Month IRA Special | |
| 0.90% | $500 | - | 48 Month IRA | |
| 0.75% | $500 | - | 36 Month IRA | |
| 0.55% | $500 | - | 24 Month IRA | |
| 0.55% | $1,500 | - | 11 Month IRA Special | |
| 0.40% | $500 | - | 18 Month IRA | |
| 0.30% | $500 | - | 12 Month IRA | |
| 0.20% | $500 | - | 6 Month IRA |
| University Credit Union (ME) Locations | ||
|---|---|---|
| Branch Office | 154 High St | Farmington, ME 04938-1930 |
| Branch Office | 181 Main St | Presque Isle, ME 04769 |
| Branch Office | 1071 Brighton Ave | Portland, ME 04102 |
| Branch Office | 391 Forest Ave | Portland, ME 04101-2001 |
| Branch Office | 139 Rangeley Rd | Orono, ME 04469 |
| Branch Office | 5748 Memorial Un University of Maine | Orono, ME 04469 |
| Branch Office | 977 Union St | Bangor, ME 04401 |
| Corporate Office | 15 Main St | Orono, ME 04473 |
| Branch Office | 37 College Ave Brooks Student Center | Gorham, ME 04038 |