Maine Savings Credit Union Bangor ME | Best Auto Loans & Business Banking

Introduction

Welcome to Maine Savings, your trusted financial partner since 1961! Located at 868 Hammond St, Bangor, ME 04401, we are proud to serve a vibrant community of over 40,967 members. At Maine Savings, we prioritize the needs of our members and strive to create a welcoming environment where your financial dreams can flourish. With total assets exceeding $792,745,417 and total deposits amounting to $92,810,302, we are committed to providing robust financial solutions tailored just for you. Whether you're looking for personal banking services like checking and savings accounts or considering auto loans and mortgages, our dedicated team is here to guide you every step of the way. Our leadership team is led by CEO Vanessa Madore and Board President Donald Grant, who together foster a culture of care and commitment. With a staff of 159 employees, we're not just a bank; we're part of the community. We believe in investing back into the areas we serve, ensuring that your contributions help strengthen our local economy. For those seeking convenience, Maine Savings offers online and mobile banking options so you can manage your finances anywhere, anytime. And don't forget about our drive-thru service for quick transactions on-the-go! While members can visit us at our Bangor branch, official correspondence should be sent to 868 Hammond St, Bangor, ME 04401-4328. We invite you to experience the difference with Maine Savings. Call us today at (207) 862-6500 or visit our website at mainesavings.com to learn more about how we can assist you on your financial journey. Your future starts here!

Branch History & Mission

Community Commitment

Beyond just being a financial institution, Maine Savings is deeply rooted in community support. We actively participate in local outreach efforts and partner with various organizations to uplift those around us. Whether it's sponsoring local events or providing resources for financial literacy programs, we believe in giving back to the communities we serve. While members can visit us at 868 Hammond St, official correspondence should be sent to our mailing address: 868 Hammond St, Bangor, ME 04401-4328.

Our Evolution

Maine Savings was established with a simple yet profound mission: to enhance the lives of our members and community through dedicated financial support and services. From our early days, we focused on building relationships and understanding the unique needs of our members. As we expanded our offerings from personal banking and auto loans to mortgage refinancing and business banking we remained steadfast in our goal to empower individuals and families financially. Our branch has continually adapted to meet the evolving needs of our community. We now provide online and mobile banking solutions that make managing finances easier than ever. Additionally, we take pride in ensuring ADA compliance so that all members can access our services comfortably.

Our Mission

The mission of Maine Savings is straightforward: we aim to provide reliable and accessible financial solutions while fostering strong relationships within our community. Our services include checking and savings accounts, auto loans with competitive rates, credit cards with rewards, and business banking options tailored for local entrepreneurs. With extended hours from Monday through Friday from 8 AM to 5 PM, as well as drive-thru banking and ATM availability, we strive to make banking convenient for everyone. As we look forward to the future, we invite you to join Maine Savings. Experience firsthand how we're more than just a credit union; we're your partners in achieving financial success. Whether you're looking to open an account or explore loan options, reach out today at 207-862-6500 or visit us online at Maine Savings. Together, let's build a stronger financial future!

Branch Location & Accessibility

Connect With Us

Ready to experience banking that puts you first? Visit us at our Bangor location or give us a call at 207-862-6500 for any questions. We look forward to serving you!

Convenience and Accessibility

Our Bangor branch is not only accessible but also welcoming. We offer ample parking so you can quickly pop in without any hassle. Our facility complies with ADA standards, featuring ramps and other accessibility features to ensure everyone can bank comfortably.

Operating Hours

We're open Monday through Friday from 8 AM to 5 PM, making it simple for you to stop by before or after work. Whether you prefer face-to-face service or need quick assistance during lunch hours, we have you covered.

Services Offered

Maine Savings provides a full suite of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we aim to make banking as convenient as possible. Plus, with our drive-thru service available for quick transactions like deposits and withdrawals, we're here to help you save time. Don't forget that we also provide ATM access for when you're on the go! If you're a member of another credit union that participates in shared services, feel free to take advantage of basic transactions with us too.

Member Eligibility

Joining the Maine Savings family means becoming part of a supportive community that values your financial well-being. To become a member at our Bangor branch, located at 868 Hammond St, you simply need to meet a few friendly eligibility criteria. We're excited to welcome anyone who lives, works, or attends school in certain areas of Maine, along with their immediate family members. This means if you're connected to the great state of Maine, you're likely eligible to join us! For more detailed information on what it takes to become a member, feel free to visit our eligibility page at Maine Savings Eligibility. Once you've confirmed your eligibility, opening an account is as easy as pie! You can start the process online by visiting our account opening page at Account Opening, or give us a call at 207-862-6500 if you have any questions. We're here to help you every step of the way as you take this exciting step towards better banking with Maine Savings!

Business Banking & Commercial Services

Loan Options That Fuel Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $151 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $25 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $53,406,367, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services Made Easy

In addition to our loan offerings, we provide essential merchant services tailored for businesses. Imagine being able to accept payments seamlessly whether it's through credit cards, mobile payments, or online transactions. Our services simplify daily operations, allowing you to focus on what truly matters: growing your business. Located at 868 Hammond St Bangor Me 04401 in Bangor, ME, we're dedicated to being your trusted partner in success. If you're ready to take the next step, contact us at (207) 862-6500 or visit our website at https://mainesavings.com/ today!

Comprehensive List Of Services

Business Solutions

If you're a business owner, Maine Savings has got you covered too! We offer business banking solutions including merchant services and business loans that are essential for helping your venture grow. Our team is ready to partner with you to address your unique business needs.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking services that allow you to manage your finances anytime, anywhere. You can easily check balances, transfer funds, or pay bills from the comfort of your home or on the go. For added convenience, we also have ATM and cash withdrawal services available at multiple locations around town. If you prefer face-to-face interactions, our basic drive-thru banking allows for quick deposits and withdrawals without leaving your vehicle.

Home Financing

Thinking about buying a home? Our mortgage loans and refinancing options simplify the home-buying process. We work closely with you to ensure that you understand every detail, making it easier for you to secure the financing you need.

Loans & Credit

Sometimes life throws unexpected expenses your way. That's where our personal loans and debt consolidation services come in handy. We provide flexible solutions that help ease financial stress, allowing you to focus on what truly matters. Additionally, our credit cards come with rewards that can enhance your spending power while earning benefits along the way.

Personal Banking

Whether you're opening your first checking account or planning for retirement, our personal banking services are designed to make your financial journey easier. With options for both checking and savings accounts, you can find the right fit for your lifestyle. If you're considering purchasing a new car, our auto loans and vehicle financing options offer competitive rates that can help make your dream vehicle a reality.

Shared Services

We recognize that sometimes members may need access to their accounts beyond our branch. That's why we participate in shared branch transactions, allowing deposits and withdrawals for partner credit union members as well. With Maine Savings, you're not just getting a financial institution; you're gaining a partner invested in your success. Our friendly staff is always here to help answer any questions or guide you through our services. Ready to take control of your financial future? Call us today at 207-862-6500 or visit us at 868 Hammond St, Bangor, ME 04401! Explore all that Maine Savings has to offer by visiting our website at mainesavings.com. Let's embark on this journey together!

Digital & Online Banking

Key Features

Our members enjoy the convenience of electronic signature authorization, allowing you to sign documents securely from anywhere without needing to visit a branch. Plus, with e-statements available, you can keep track of your transactions while reducing paper clutter. If you're looking for an even more streamlined experience, our mobile application lets you bank right from your smartphone. You can make mobile payments with ease and perform person-to-person transfers quickly perfect for splitting bills or sending money to friends and family in a flash. Security is paramount when it comes to online banking, and we're committed to keeping your information safe. Our platform uses advanced security features to protect your accounts while providing user-friendly navigation. In summary, Maine Savings's digital and online banking services bring together convenience, security, and real-time account management all in one place. Experience a new way to bank today!

Financial Strength

A Trusted Partner for Your Future

Net Shares (Funds available for lending and investments): $2,121,177. Total Share and Deposit Accounts: 88,928, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Maine Savings is your trusted partner. Visit us at 868 Hammond St Bangor Me 04401 or call (207) 862-6500 to learn more about how we can help you achieve your financial goals.

Continuous Growth and Support

With $57,533,787 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to lending is evident with $6,488 in used auto loans and $611,071,759 in total loans and leases, supporting members' financial goals across various sectors. Our operational efficiency is reflected in our $1,052,460, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 155 full-time employees and 4 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Member-Centric Savings

Members' savings are secured through $226,936,071 in share certificates and $48,659,729 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $50,188,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Health

With a net worth of $61,544,002, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 7.76% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $104,161,161 in used vehicle loans and $27,923,039 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new vehicle or need a reliable used car, we provide flexible terms that suit your budget.

Business Loans

For business owners, our outstanding commercial loans totaling $53,406,367 provide the capital needed to grow and expand your business. We understand that running a business comes with its own set of challenges, and we're here to support your entrepreneurial journey. At Maine Savings, we believe in making borrowing straightforward and accessible. If you're considering refinancing any existing loans or exploring eligibility options for our various products, our team is ready to assist you every step of the way. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Visit us at 868 Hammond St Bangor Me 04401 in Bangor, ME, or give us a call at (207) 862-6500 for more information on how we can assist you with your loan needs!

Credit Lines

For those who need a little extra flexibility, our total credit lines amount to $41,688,555. This option provides quick access to cash whenever you need it without the hassle of applying for a separate loan each time.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $51,960,703, make buying or refinancing simple. We guide you through the process with competitive rates and personalized service to help you find the right mortgage solution for your needs.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $10,864,655 in loans helping members manage their finances effectively. Our credit cards come with no annual fees and rewards programs that benefit your spending habits.

Loan Aggregator

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MAINE SAVINGS FEDERAL CREDIT UNION - Bangor, ME

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