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Maine Media Credit Union

Overview
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Maine Media Credit Union is a federal credit union based in Portland, Maine. It has been opened since 1935, for 85 years.

With around $4,580,000 in assets, Maine Media Credit Union is considered to be a small credit union.

About
Address Po Box 7702
Portland, Maine 04112
Website http://www.mainemedia.com
Phone (207) 774-4307
Fax (207) 799-4795
CEO Jennifer a. Hartel
President of the Board David Hench
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
1,014 members
Membership type: Multiple common bond – primary communications and utilities
Below average number of members
507:1
Credit union member to staff ratio
507 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$4,580,660
Total assets
Below average
0 branches
Compared with an average of 4 nationally and 4 in Maine
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
Branches
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0 branches
Compared with an average of 4 nationally and 4 in Maine
Above average number of branches
Maine Media Credit Union Branch Locations

Maine Media Credit Union: Mmfcu
295 Gannett Drive
South Portland, Maine 04106
No ATM
Maine Media Credit Union: Mmfcu
295 Gannett Drive
South Portland, Maine 04106
No ATM
Members
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1,014 members
Membership type: Multiple common bond – primary communications and utilities
Below average number of members

With 1,014 members, the Maine Media Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 80% of credit unions.

Fees
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$7
Average fee per member
The average fee per member at the Maine Media Credit Union is $7, which is very low compared to most credit unions. This rate is lower than 85% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Maine Media Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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507:1
Credit union member to staff ratio
507 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
2 staff members
FTE (full-time equivalent)
0% of employees are part-time
2 full-time, 0 part-time

Maine Media Credit Union has 2 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Maine Media Credit Union has around 507 members per staff, a high ratio compared to other credit unions.

Assets
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$4,580,660
Total assets
Below average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
21.9%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$7,178
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 76% of credit unions.

Maine Media Credit Union holds a total of $3,880,000 in loans and leases, which is about $7,178 per member on average.

Savings interest rate
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Maine Media Credit Union pays 0.10%.

Loan rates
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13.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.00%
New car loan rate
Compared to 4.0% nationally
4.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
10.90%
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Credit Card Loan Interest Rate
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Average Fee
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