Bobbie Jo Marcoux has been named an officer in the Collections Department at Banknorth Group, Inc. in Falmouth. She will continue to manage the five-member advanced delinquency mortgage unit, working to ensure that the department maintains a low level of delinquency and charge off ratios.

Marcoux joined Banknorth in 1994. She previously has served as a loss mitigation specialist and a secondary market clerk. Marcoux is a member of the Notary Association.

A Monmouth resident, Marcoux volunteers with the American Heart Association and the United Way. She attends Central Maine Community College and is a 1995 graduate of Edward Little High School in Auburn.

Credit unions report growth

WESTBROOK – Maine credit unions continue their strong growth of the past few years, according to recently released statistics reported by the Maine Credit Union League’s 77-affiliated credit unions.

During the first half of this year:

• Assets in Maine credit unions increased 6.8 percent to more than $3.57 billion.

• Loans were up 3.37 percent to $2.4 billion.

• Shares were at $3.09 billion, an increase of 6.97 percent.

• Membership grew .95 percent to 603,020.

• Membership at Maine’s 77-affiliated credit unions surpassed 600,000 for the first time, solidifying Maine’s recent designation as the nation’s fifth strongest credit union state in membership penetration for the third consecutive year.

The solid growth experienced by Maine’s credit unions mirrors preliminary national growth trends for the period.

League President John Murphy said, “At the midpoint of 2003, Maine’s credit unions are poised for a strong second half and another solid year of growth. These statistics reflect the continued popularity of credit unions in Maine as members appreciate the unparalleled commitment to personal service as well as the consistently better rates and lower and fewer fees that credit unions offer.”

The Maine Credit Union League is the state trade association for Maine’s 77-affiliated credit unions providing a variety of services and products to assist credit unions in meeting the needs of their membership.