MAINE SAVINGS Credit Union Profile

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MAINE SAVINGS

Charter #14565 | NCUA Region 1 | FCU

Low-Income Designation: Yes

Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (207) 862-6500

Fax: (207) 862-6502

Founding Date: N/A

Website: http://www.mainesavings.com

Personnel & Operations

President: Grant, Donald

Manager: Madore, Vanessa

FT Employees: 171

PT Employees: 2

Designations & Ratios

MDI Status: No

RBC Ratio: 10.34%

Membership Type: 98

Branches: 12

Hours: Monday - Friday 8:30 am to 5:00 pm

Credit Union Profile Summary

MAINE SAVINGS is a FCU Credit Union. With a total of 42,223 members ^[1], this institution manages approximately $816,154,928 in total assets ^[1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 7.68% ^[1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 10.49% ^[1].

Financial Snapshot

Total Assets ^[1]

$816,154,928

Total economic resources.

Total Loans ^[1]

$657,893,624

Total value of outstanding loans.

Total Deposits ^[1]

$729,140,733

Total funds deposited by members.

Members ^[1]

42,223

Number of active members.

Performance Ratios

Net Worth Ratio ^[1]

7.68%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) ^[1]

0.21%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio ^[1]

90.23%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) ^[1]

↑ 3.91%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) ^[1]

↑ 10.49%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) ^[1]

↑ 4.97%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

101 Western Ave

Hampden, ME, 04444

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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

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Branch Locations

Ellsworth

Type: Branch Office

25 Resort Way

Ellsworth, ME 04605

Phone: (207) 862-6500

Services: Member Services, ATM, Drive-Thru

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Type: Branch Office

912 Main St

Vassalboro, ME 04989

Phone: (207) 862-6500

Services: Member Services, ATM, Drive-Thru

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