2024 Overview
General Credit Union Information
Maine State is an NCUA insured institution located in Augusta, ME. It was founded in 1935 and has approximately $686.78 millions in assets.
Who can join?
The following people are eligible to join Maine State CU:
Anyone who lives, works, worships, or attends school in Kennebec County or Somerset County
Maine State Employees
Employees of the Maine State Employees' Association
Cumberland County Employees
Maine Housing Authority Employees
Members of the Maine Association of Retirees
Employees of the Maine Technical College System
Maine State Retirement System Employees
Retirees of groups listed above, any individual who is receiving a Maine State retirement pension, and their immediate family or household members.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 63377 |
| Date Established | 1935 |
| Assets | $686.78 million |
| Loans | $470.41 million |
| Deposits | $628.75 million |
| Capital | $74.58 million |
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in Kennebec or Somerset County. Membership is also open to Maine state employees, Maine Housing Authority employees, Maine Technical College system employees, and other select groups.
Deposit Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.15% | $2,500 | $2,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.15% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
1.10% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.25% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.25% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.40% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.40% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.55% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.55% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.15% | $1 | $499 | Learn More |
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Advantage Checking | 3.50% | $0 | $0.00 | Learn More |
Loan Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Maine State
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.863% | 6.750% | 1.00 | $3,705 | $2,076 | Learn More |
NMLS ID: 401822 |
7.034% | 6.875% | 1.00 | $5,195 | $2,103 | Learn More |
NMLS ID: 3030 |
7.325% | 7.250% | 0.75 | $2,400 | $2,183 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
Learn More
More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Note to Maine State
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Maine State branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Maine State Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 761.65 | A | View Lobby Hours | |
| 762.75 | B | View Lobby Hours | |
| 775.11 | C | View Lobby Hours |
Climate Policy and Initiatives
MAINE STATE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Maine State Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Maine State. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Maine State | U.S. Average |
|---|---|
| 7.30% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Maine State had $5,578,607 in non-current loans and $27,069 in owned assets. To cover these potential losses it had $74,576,554 in net worth and $2,260,894 in loans loss reserves. That gives it a Texas Ratio of 7.30%.
Net Worth
| Maine State | U.S. Average |
|---|---|
| 10.86% | 13.93% |
Maine State FCU has a net worth of 10.86% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Maine State
Ldk
September 11, 2020 |
Rate is now 2.5%
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