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
  • News

LEAGUE:

PRIVATE SHARE INSURANCE: No

STATS: (As of June 2021)

Total Number of Credit Unions: 52

  • TOTAL # SCUs: 12
  • TOTAL # FCUs: 40
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 23%

Total Assets: $10,343,732,797

  • TOTAL $ SCU ASSETS: $3,149,641,365
  • TOTAL $ FCU ASSETS: $7,194,091,432
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 30%

Total Members: 716,783

  • TOTAL Members SCUs: 220,571
  • TOTAL Members FCUs: 496,212
  • SCU % OF TOTAL (SCUS/STATE TOAL): 31%

FUN FACT: Maine is the only state whose name is just one syllable, the lone state that borders precisely one other state, and the only state whose official flower, the pinecone, is not a flower.

RECENT NEWS

Maine Credit Union League Announces the Credit Union Professionals of the Year

August 26, 2021 — At a ceremony on August 20, the Maine Credit Union League announced the credit union professionals of the year. Five honorees were recognized for their unwavering commitment to the credit union movement and for their exceptional service to credit union members and their communities.

“Maine’s credit union network is comprised of thousands of dedicated employees and volunteers who go above and beyond to improve the financial lives of their members and uplift their communities,” said Todd Mason, President/CEO at the Maine Credit Union League. “Their efforts deserve to be recognized. While I wish we could honor everyone for their unique contributions, I am pleased our League is celebrating these five remarkable individuals for their work over the past year. I know each one of them will continue making important contributions to our movement.”

Click to read the entire list.

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