Since there are no stockholders at credit unions — unlike banks — members receive the benefit of higher rates on their savings accounts, lower rates on loans, fewer and lower service fees, as well as many other benefits. Because credit unions are not-for-profit financial cooperatives, the focus has always been on members. This is reflected […]

As the Young & Free Maine Spokester for Maine’s credit unions, it’s my duty to spread the word on the amazing benefits of joining your local credit union! I am the voice of 18-to-25-year-olds as we head in to the world of school, jobs, and adulthood. I help you sort out what’s important now and […]

Since its inception in January of 2009, Maine credit union members have driven away with some big savings thanks to the “Invest in America” program. Invest in America is credit unions’ auto loan discount program with auto manufacturers General Motors Corp. and Chrysler Corp. With discounts ranging from $500-$1,000 for credit union members plus additional […]

Maine’s credit unions continue to introduce new products to enhance the lives of their members, without compromising the most important connection of all: the relationship between the credit union and each individual member. Maine’s credit unions are consistently introducing the leading technology, including the ability to conduct a variety of online transactions, from applying to […]

From October 13-19, 2013, the nearly 630,000 Maine residents who belong to a credit union will join the 196 million credit union members belonging to over 51,000 credit unions in 100 countries worldwide to celebrate International Credit Union Week. For 65 years, credit unions have set aside the third Thursday in October to celebrate International […]

When you open a checking account at most Maine credit unions, there is one thing you can check off your list – fees. That’s because 95 percent of Maine’s credit unions offer free checking accounts, and over 90 percent offer free checking accounts with no minimum balance! This one feature can make a big difference […]

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 $3.88 billion. Maine […]

Despite challenging economic times, nearly 630,000 Mainers continue to celebrate the savings that come with being a Maine credit union member. A study conducted by a highly-respected former state economist, on the economic impact and benefit that Maine’s credit unions provide to consumers found that, despite the significant economic challenges and rate environment, Maine consumers […]

When logging onto home banking, your focus may be on the balance in your account, or ensuring that a check has been deposited. While these numbers are certainly important, Maine credit unions also encourage you to focus on the security of your account information. Here are the top ten tips that credit unions offer their […]