Midcoast Credit Union Bath ME | Affordable Auto Loans & Personal Banking

Introduction

At Midcoast, we believe in building strong, lasting relationships with our members and the community we serve. Nestled in the heart of Bath, ME, our branch at 831 Middle St has been a trusted financial partner since 1956. With a commitment to personalized service and a member-first approach, we take pride in supporting over 15,792 members with their financial needs. As of now, our total assets stand at an impressive $261,238,689, reflecting our dedication to stability and growth. We have facilitated 12,028 loans and leases, amounting to robust support for personal and business aspirations alike. Our total deposits reach $3,865,413, showcasing the trust our members place in us every day. Led by our dedicated CEO, Joseph Gervais, and Board President, Richard Hart, our team of 75 employees is here to ensure your banking experience is smooth and rewarding. We offer a variety of services including checking and savings accounts, auto loans, mortgages, personal loans, credit cards with rewards, and business banking solutions. While you can visit us at our Bath location for all your banking needs, please note that official correspondence should be directed to our mailing address at 831 Middle St, Bath, ME 04530-2401. We invite you to experience the difference that comes from being part of the Midcoast family. Feel free to call us at 207-443-5531 or explore more about our services on our website at midcoastfcu.me. Join us today as we work together towards a brighter financial future!

Branch History & Mission

Community Engagement

Community is at the heart of what we do at Midcoast. We actively engage in outreach efforts that strengthen ties with local organizations and initiatives. By partnering with schools, nonprofits, and other local entities, we strive to make a meaningful impact right here in Bath. While members can visit us at 831 Middle St Bath Me 04530, official correspondence should be sent to 831 Middle St, Bath, ME 04530-2401 if it differs from the branch address. If you need assistance or have any questions about our services, feel free to call us at (207) 443-5531 during our operating hours: Monday through Friday from 8:00 AM to 4:30 PM (with extended hours on Thursdays until 5:30 PM).

Join Us

We invite you to become part of the Midcoast family! Experience firsthand the benefits of being a member of our credit union where your financial well-being is our priority. Whether you're looking for a checking account or planning for your future with a loan or mortgage, we're here to help every step of the way. Visit us today or explore more about joining us here. Together, let's build a brighter financial future!

Our Mission

The mission of Midcoast is simple yet powerful: to provide exceptional financial services while fostering a strong sense of community. We believe that by supporting our members financially, we empower them to achieve their goals and contribute positively to Bath and its surroundings. Our team is passionate about making banking accessible and friendly for everyone. With advancements in technology, we have embraced digital solutions such as online banking and mobile payments to enhance your experience with us. Our commitment to accessibility extends beyond technology; we ensure that all our facilities meet ADA compliance standards so that everyone can access our services without barriers.

Branch Location & Accessibility

Welcome to the Midcoast branch, your friendly financial partner located at 831 Middle St, Bath, ME 04530. Nestled in the heart of Bath, our branch is conveniently situated near popular landmarks like the Bath Iron Works and the historic downtown area, making it easy for you to drop by for your banking needs. At Midcoast, we prioritize accessibility and convenience for all our members. Our location features ample parking and is designed to be welcoming for everyone, including those with mobility challenges. With ADA-compliant entrances and ramps, we ensure that everyone can access our services comfortably. Our operating hours are crafted to fit your busy schedule. We're open from 8:00 AM to 4:30 PM on Monday, Tuesday, and Friday; 9:00 AM to 4:30 PM on Wednesday; and 8:00 AM to 5:30 PM on Thursday. Whether you need assistance with personal banking, auto loans, or any of our other services, our friendly team is ready to help during these times. For added convenience, we offer ATM services right at our location and a drive-thru banking option for quick transactions without leaving your vehicle. Additionally, if you're a member of a partner credit union, you can take advantage of shared service center transactions here as well. While members can visit us at 831 Middle St for all their banking needs, official correspondence should be sent to the same address or reach out via phone at 207-443-5531. We invite you to stop by and see how we can assist you today! Your financial journey matters to us at Midcoast.

Member Eligibility

At Midcoast, we believe that joining our community means gaining access to a supportive network where your financial needs are prioritized. Becoming a member is easier than you might think! If you live, work, or worship in the areas we serve, you're likely eligible for membership. We welcome individuals who share our values of cooperation and community support. By choosing Midcoast, you're not just opening an account; you're joining a family that offers personalized service, competitive rates on loans, and various financial products tailored to your needs. To get started with your membership journey, simply visit us at 831 Middle St Bath Me 04530 or give us a call at (207) 443-5531. For detailed eligibility information, check out our resource page at https://midcoastfcu.myori.com/app/oao/membership . When you're ready to open your account, the process is straightforward find all the necessary details at https://www.midcoastfcu.me/apply-for-a-loan/ . We're excited to have you as part of our community!

Business Banking & Commercial Services

Real-World Solutions

In addition to loans, we offer robust merchant services that help streamline your payment processes. Imagine running a bustling café or retail shop where transactions are quick and efficient. Our merchant services ensure that you can accept payments seamlessly, allowing you to focus on what matters most growing your business. Located at 831 Middle St Bath Me 04530 in Bath, ME, our team is here to help you navigate your business financing needs. Reach out at (207) 443-5531 to learn more about how we can support your entrepreneurial dreams today!

Supporting Business Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $13 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $19 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $929,051, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

ATM and Drive-Thru Services

Need cash in a hurry? Take advantage of our ATM & Cash Withdrawal Services, available at convenient locations. Our basic drive-thru banking also ensures that deposits, withdrawals, and simple transactions are quick and easy.

Business Banking

For our entrepreneurial members, we offer robust Business Banking services including Merchant Services & Business Loans. We aim to empower local businesses by providing them with the financial tools they need to thrive in today's competitive market.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we provide comprehensive Online & Mobile Banking features. With these tools at your fingertips, you can manage your accounts anytime and anywhere. From making transfers to paying bills, everything is just a click away!

Home Financing

Thinking about buying a home? Our Mortgage Loans & Refinancing services can guide you through the process, ensuring that you secure the best rates available. We know that owning a home is a significant milestone, and we're here to help make it happen.

Personal Banking

Whether you're opening your first checking account or looking for ways to save for your future, our personal banking services are tailored just for you. We offer various Checking & Savings Accounts that fit different lifestyles and goals. Need quick cash? Our Auto Loans & Vehicle Financing options make it easy to get behind the wheel of your dream car without breaking the bank.

Personal Loans and Credit Cards

If you're facing unexpected expenses or planning a big purchase, our Personal Loans & Debt Consolidation options provide flexible solutions to manage your finances effectively. Plus, don't forget about our Credit Cards with Rewards program perfect for those who love earning benefits on their everyday spending!

Shared Branch Transactions

For members of partner credit unions, we offer basic shared branch transactions which include deposits and withdrawals making banking more accessible than ever. At Midcoast, we believe in making banking straightforward and personal. Our friendly staff is always ready to assist you with any questions or concerns you may have. Feel free to reach out at 207-443-5531 during our operating hours: Monday through Friday. Ready to take control of your financial future? Visit us today or explore more about our offerings online at midcoastfcu.me. We look forward to serving you!

Digital & Online Banking

Key Services

With our online banking services available at https://www.midcoastfcu.me/ , you can easily check balances, transfer funds, and pay bills without stepping foot outside your home. You'll appreciate the peace of mind knowing that your information is protected with top-notch security measures. Plus, for those who prefer a paperless option, we offer e-statements to keep your financial documents organized and accessible. Need to send money quickly? Our person-to-person transfer feature makes it easy to send cash to friends or family in just a few clicks. Whether it's splitting a dinner bill or paying back a loan, this service is designed for quick and simple transactions.

Mobile Banking Features

For even more convenience, download our mobile application. It's packed with features like mobile payments, allowing you to make purchases directly from your smartphone without needing cash or cards. The app also supports electronic signature authorization so you can complete transactions securely on the go. And if you ever have questions or need assistance while using our online services, help is just a call away at (207) 443-5531. Our dedicated team is ready to assist you during business hours. At Midcoast, we're committed to making banking easier for you. Enjoy 24/7 access to your accounts and experience real-time management of your finances today!

Financial Strength

Dedicated Team Ready to Assist

We take pride in having 72 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. You can feel confident knowing that there are dedicated professionals available to help you with your banking needs.

Focused on Members

Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Additionally, with $27,564,800 in undivided earnings, we reinvest in innovative banking tools and enhanced security measures to serve our members better.

Growing Together

Our net shares amount to $362,060, providing funds available for lending and investments. We also have a strong member base with a total of 36,424 share accounts, reflecting the trust that our community has placed in us. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Midcoast is your trusted partner. Visit us at 831 Middle St Bath Me 04530 or call (207) 443-5531 to learn more about how we can help you achieve your financial goals.

Secure Member Savings

Members' savings are secured through $55,425,559 in share certificates and $48,207,855 in money market shares, offering stable and rewarding financial growth opportunities. This commitment to safeguarding your funds shows how much we value your trust.

Solid Financial Foundation

With a net worth of $28,067,402, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,072 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Supporting Your Financial Goals

With $2,467 in used auto loans and $208,705,246 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Our operational efficiency is reflected in our $0, which enables us to continue offering competitive loan rates and solid financial products for our members.

Loan Offering

Additional Services

For business owners interested in expansion or capital needs, our outstanding commercial loans totaling $929,051 provide essential funding for growth opportunities. If you're considering refinancing options or want to learn more about eligibility requirements for any of our loan products, feel free to reach out! You can call us at 207-443-5531 for more information. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. At Midcoast, we're dedicated to helping you navigate your financial journey with ease and confidence.

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $42,592,129 in used vehicle loans and $7,353,836 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates to make your vehicle purchase as smooth as possible.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $18,757,398, make buying or refinancing simple. Whether you're a first-time buyer or looking to refinance an existing mortgage, our team is here to guide you through every step of the process.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $4,420,900 in loans helping members manage their finances effectively. These credit cards come with convenient features that allow you to make purchases while keeping track of your spending.

Loan Aggregator

Benefits of Using LendMesh

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How LendMesh Ensures Accurate Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This ensures that users receive fair and transparent offers. Each loan comparison reflects current market conditions, helping individuals make informed decisions about their financial needs.

MIDCOAST FEDERAL CREDIT UNION