Maine Savings Federal Credit Union was born in Millinocket in 1961, only with a different name: BARCO Federal Credit Union for the Bangor & Aroostook Railroad Company. Since then, we've become the largest credit union in eastern Maine with over $200 million in assets, nearly 25,000 members, more than 450 Select Employee Groups, and nine locations throughout eastern Maine: Hampden, Bangor, Brewer, Milo, Corinth, Ellsworth, Vassalboro and in Bar Harbor at Jackson Laboratory. So our Directors wisely decided to change our name to Maine Savings Federal Credit Union in 2001, which more accurately reflected our diverse field of membership.
In 1993, Maine Savings, along with six other Maine credit unions and the Maine Credit Union League, founded CUSO Mortgage Corporation. Since that time, CUSO has become the largest credit union mortgage lender in Maine and is one of the top 5 largest multi-owned Credit Union Service Organizations in the country.
Today, Maine Savings is a full-service financial institution offering all the products and services that the large national banks offer—consumer products, commercial services, mortgages, insurance, and financial planning—all with extraordinary member service. Additionally, our members can rest assured that Maine Savings will remain local and is safe and sound. In fact, we are classified as well capitalized by the National Credit Union Administration. We've got funds to lend and guaranteed safety for your deposits with individual accounts insured up to at least $250,000.
Maine Savings' tag line says it all: We treat you like you own the place…because you do!