Data Source: NCUA, December 31, 2016
Midcoast Federal Credit Union was founded in 1956. Headquartered in Freeport, Maine, Midcoast Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Midcoast Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.
As of December 31, 2016, Midcoast Federal Credit Union services 16,160 members through its 5 offices and branches and 55 full-time and 3 part-time employees. It has $158,800,092 of total assets and $19,365,806 of net worth. Based on its asset size and net worth ratio, Midcoast Federal Credit Union is classified as a Well Capitalized medium large credit union.
Midcoast Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Midcoast Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.
The following two tables list the deplitory and loan interest rates of Midcoast Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Maine and in the nation.
Major Deplitory Accounts and Interest Rates (%)
Major Loan Accounts and Interest Rates (%)
Midcoast Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Midcoast Federal Credit Union.
Electronic Banking Service Offerings
As a community financial institution, Midcoast Federal Credit Union actively involves in local communities by prliding services such as financial education, and first tim home buyer programs.
Community and other Service Offerings
831 Middle St
Bath, ME 04530-2401
6 Station Ave
Brunswick, ME 04011-2092
41 Route One
Edgecomb, ME 04556-3040
186 Lower Main St
Freeport, ME 04032
209 New County Rd
Thomaston, ME 04861-3116