Maine

REGULATING AGENCY: Maine Department of Professional and Financial Regulation; Bureau of Financial Institutions

Maine State House

  • Lloyd LaFountain III, Superintendent of Financial Institutions
  • John Barr, Esq., Deputy Superintendent – Research, Administration & Legal Affairs
  • Website: maine.gov/pfr/financialinstitutions

LEAGUE:

PRIVATE SHARE INSURANCE: No

2023 STATS 
  • Largest SCU: MAINE STATE CU $594.1M in assets
  • Largest FCU: ATLANTIC REGIONAL FCU $1.13B in assets
Second Quarter 2023 SCUs FCUs Total CUs % of SCUs/Total
Total Credit Unions 12 37 49 24.49%
Credit Union Members 232,221 503,273 735,494 31.57%
Credit Union Assets $3.49B $8.10B $11.60B 30.09%
FUN FACT

The White Mountain National Forest covers nearly 800,000 acres; the forest covers a landscape ranging from hardwood forests to the largest alpine area east of the Rocky Mountains.

RECENT NEWS
No Coins Allowed: A Maine Credit Union’s New Policy

Aug. 25, 2023 —Members who visited an Empeople Credit Union branch in Maine during the past few weeks may have stopped on a dime when they saw the sign on the door. Visitors were greeted by a note informing them of the change in the credit union’s policy on change: Coins will no longer be accepted in its five branches in the state beginning Sept. 1. The decision to stop accepting coins at Empeople is not indicative of a larger trend in Maine, according to Jen Burke, head of communications and outreach for the Maine Credit Union League.

As a 501(C)(3) not-for-profit, contributions to the Campaign are tax deductible. Dollars raised by Maine Credit Unions’ Campaign for Ending Hunger stay in Maine and support organizations such as Good Shepherd Food Bank, Full Plates Full Potential, schools, colleges, food pantries, and meal sites. Read more

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