Sep, 30, 2025 — MAINE SAVINGS FEDERAL CREDIT UNION is a federal credit union headquartered in HAMPDEN, ME with 12 branch locations and about $837.84 million in total assets. Opened 65 years ago in 1961, MAINE SAVINGS FEDERAL CREDIT UNION has about 42,637 members and employs 167 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAINE SAVINGS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 101 Western Ave HAMPDEN, ME 04444 |
| Phone: | (207) 862-6500 |
| Fax: | (207) 862-6502 |
| Website: | https://www.mainesavings.com |
| Branches: | 12 branch locations |
| Members: | 42,637 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14565 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $837,837,376 |
| CEO/Manager: | Vanessa Madore |
| Chairperson: | Donald Grant |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 82,667,067 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 371,155,679 |
| Unsecured Loans | 48,451,109 |
| Other Loans | 243,022,303 |
| TOTAL LOANS | 662,809,518 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,845,635 |
| Land And Building | 16,122,469 |
| Other Fixed Assets | 4,013,017 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 6,146,074 |
| All Other Assets | 1,105,151 |
| TOTAL ASSETS | 837,837,376 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 20,000,000 |
| Accounts Payable & Other Liabilities | 4,564,762 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 125,288,928 |
| Regular shares | 221,220,337 |
| All Other Shares & Deposits | 402,819,442 |
| TOTAL SHARES & DEPOSITS | 749,328,707 |
| TOTAL LIABILITIES | 773,968,469 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 63,868,907 |
| TOTAL EQUITY | 63,868,907 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 837,837,376 |
| INCOME & EXPENSE | |
| Loan Income | 31,737,361 |
| Investment Income | 3,122,656 |
| Other Income | 2,421,061 |
| Total Employee Compensation & Benefits | 13,901,890 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 11,412,155 |
| Non-operating Income & (Expense) | -1,348 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,608,585 |
| Cost of Funds | 12,194,566 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,271,263 |
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