Despite an economy that has prompted many lenders to pull back, lending is accessible and strong at Maine’s credit unions. While institutions across the country were tightening lending availability, Maine’s Credit Unions continued to lend money and were sources of credit to thousands of Maine consumers, with loans outstanding to members exceeding $3.5 billion.
Maine credit unions go beyond lending basics to provide smaller loans to help with unexpected life events or emergencies, or just to help a member though a rough patch. During the past year, credit unions helped Maine consumers by providing loans of all amounts, including making nearly 15,000 loans for under $2,000.
To help with high energy costs, nearly 80% of Maine’s Credit Unions offered special energy loans this winter and last, with rates as low as zero percent. So, no matter what you need, Maine credit unions are here to help. Visit www.mainecreditunions.org to find a credit union and begin the lending process today!
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