In mid-year statistics and figures recently released by the Maine Credit Union League, the first half of 2014 reflects consistent growth for Maine’s credit unions.
All four credit unions with ties to Aroostook County reported growth and ranked in the Top 25 in asset size including:
• University CU, which has a branch in Presque Isle, ranked sixth at $247 million;
• The County FCU, based in Caribou with branches in Fort Fairfield, Houlton and Presque Isle, was tenth at $197 million;
• NorState FCU of Madawaska, with branches in Ashland, Eagle Lake, Fort Kent, Presque Isle and Van Buren, came in at thirteenth at $174 million in assets; and
• Acadia FCU, which is based in Fort Kent with branches in Ashland, Madawaska, St. Agatha and St. Francis, came in at twenty-first at $125 million.
“Maine consumers continue to show their appreciation in the cooperative structure of credit unions, which is focused on serving the member-owners through superior service, better rates on loans, and lower and fewer fees,” observed John Murphy, president of the Maine Credit Union League. “The combined value and benefits that Maine credit unions offer to consumers has resulted in strong growth in all measurement categories; perhaps, none more impressive though than membership.”
For more information, visit www.mainecul.org.
