Midcoast Credit Union Edgecomb ME | Affordable Auto Loans & Business Banking

Introduction

Welcome to Midcoast, your trusted credit union located at 41 Route One, Edgecomb, ME 04556. Established in 1956, we've been dedicated to serving our community for over six decades. With a total membership of 15,792 and assets exceeding $261 million, we pride ourselves on being a financial partner that truly understands the needs of our members. At Midcoast, we believe in providing more than just banking services; we are committed to making a positive impact in the lives of those we serve. Our total deposits amount to $3,865,413, reflecting the trust our members place in us. With a net worth of $28,067,402 and $2,319,240 in cash reserves, you can rest assured knowing your finances are secure with us. Under the leadership of our CEO, Joseph Gervais, and Board President Richard Hart, our dedicated team of 75 employees is here to assist you every step of the way. Whether you're looking for personal banking solutions like checking accounts or loans totaling over 12,028 loans and leases or business banking options tailored for local enterprises, we have you covered. While members can visit us at our Edgecomb branch for all their banking needs, official correspondence should be sent to the same address: 41 Route One, Edgecomb, ME 04556-3040. Explore what Midcoast can do for you by visiting our website at midcoastfcu.me or give us a call at 207-882-7919 today. We're excited to help you achieve your financial goals!

Branch History & Mission

A Legacy of Community Support

Located at 41 Route One, Edgecomb, ME 04556, our branch is easily accessible and surrounded by the beauty of Lincoln County. While members can visit us at this address for all their banking needs, official correspondence should be sent to our mailing address: 41 Route One, Edgecomb, ME 04556-3040. Since our inception, Midcoast has focused on providing valuable financial services while being an active participant in community outreach. We believe that strong communities lead to strong members. Our mission is simple yet powerful: to empower individuals and families through accessible financial services and support initiatives that uplift our community.

Commitment to Excellence

Our operating hours are designed with your convenience in mind: Monday through Tuesday from 8:00 AM - 4:30 PM, Wednesday from 9:00 AM - 4:30 PM, Thursday from 8:00 AM - 5:30 PM, and Friday from 8:00 AM - 4:30 PM. We understand that life can be busy; that's why we offer both ATM availability and drive-thru banking to make your experience as smooth as possible. In addition to traditional banking services like checking and savings accounts, auto loans, and mortgages, we embrace digital advancements to ensure a customer-centric approach. Members can enjoy online banking, mobile payments, e-statements, and more all designed to keep banking easy and accessible.

Looking Ahead Together

As we look toward the future, Midcoast remains committed to enhancing member experiences through partnerships and community involvement. We strive not only for financial success but also for meaningful connections within our community. If you're ready to join a credit union that cares about you and your financial future, visit us or give us a call at 207-882-7919. Experience firsthand how Midcoast can help you thrive financially while making a positive impact in your community. Join us today!

Branch Location & Accessibility

Accessibility Features

Our Edgecomb location prioritizes accessibility for everyone. With ADA-compliant features and ramps, getting in and out of our branch is simple and safe. We also offer ample parking, so you can visit without worrying about finding a spot.

Get in Touch

If you have questions or need assistance before visiting us, feel free to give us a call at 207-882-7919. Our dedicated team is ready to help! We look forward to seeing you soon at the Midcoast Edgecomb Office where your financial well-being is our top priority.

Nearby Landmarks

Situated just a stone's throw from popular local spots, our branch is easy to find. If you're coming from downtown Edgecomb or nearby areas, you'll appreciate how close we are to essential services and attractions.

Operating Hours & Services

We understand that life can be busy! That's why we're open Monday through Friday at hours that fit your schedule. Our lobby welcomes you on Monday, Tuesday, Thursday, and Friday from 8:00 AM to 4:30 PM, with extended hours on Thursday until 5:30 PM. On Wednesdays, you can visit us from 9:00 AM to 4:00 PM. At the Midcoast Edgecomb Office, we offer a range of services tailored to your needs from personal banking options like checking and savings accounts to auto loans and mortgage refinancing. Plus, with our drive-thru service available for quick transactions, managing your finances has never been easier!

Member Eligibility

At Midcoast, we believe that everyone deserves a chance to be part of a community that cares. Becoming a member is simple and rewarding, opening the door to a variety of benefits tailored just for you. If you live, work, or worship in our service area, or if you're related to someone who does, you're likely eligible to join us. We welcome individuals from all walks of life, and becoming a member means joining a supportive family focused on your financial well-being. For detailed eligibility requirements, feel free to check out this resource: https://midcoastfcu.myori.com/app/oao/membership. Once you're ready to take the next step, opening an account with Midcoast is a breeze! You can find all the information you need about starting your membership right here: https://www.midcoastfcu.me/apply-for-a-loan/. If you have any questions or need assistance, don't hesitate to call us at (207) 882-7919. We're excited to help you begin your journey with us at our branch located at 41 Route One Edgecomb Me 04556!

Business Banking & Commercial Services

Commercial Loans That Fuel 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.

Merchant Services for Everyday Needs

In addition to loans, we offer comprehensive merchant services designed to streamline your operations. Imagine a busy Saturday at your shop where every second counts our payment processing solutions allow you to serve customers quickly and efficiently. From card transactions to mobile payments, we equip you with the tools needed for smooth sales and satisfied customers. Located conveniently at 41 Route One Edgecomb Me 04556, Edgecomb, ME 04556, our team is ready to assist you in achieving your business goals. Contact us today at (207) 882-7919 to learn more about how our business banking services can make a difference for you!

Comprehensive List Of Services

Business Services

For our business members, we offer a range of business banking services including merchant services and business loans. We understand that running a business is demanding, which is why we strive to provide solutions that help streamline operations and support growth.

Credit Cards and Rewards

Don't forget about our credit cards with rewards! They are perfect for those who want to earn points for their purchases. Whether you're traveling or just shopping for groceries, every swipe brings you closer to rewards that matter to you.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why Edgecomb Office offers robust online and mobile banking features that let you manage your finances from anywhere. Whether you're checking balances, transferring funds, or paying bills, everything is just a few taps away. Plus, with ATM services available for quick cash withdrawals, managing your money has never been easier.

Drive-Thru and Shared Branching

For those who prefer face-to-face interactions, our basic drive-thru banking offers deposits, withdrawals, and simple transactions without leaving your car. Additionally, if you're a member of partner credit unions, you can enjoy shared branch transactions at our location making banking even more accessible. At Midcoast, we're committed to supporting our members' financial journeys with comprehensive services designed for ease and accessibility. If you're ready to experience all that we have to offer or have questions about how we can assist you further, don't hesitate to reach out at (207) 882-7919. Visit us today at 41 Route One Edgecomb Me 04556 or check out our website at https://www.midcoastfcu.me/ for more information! Let's achieve your financial goals together!

Home Financing

If you're thinking about buying a home or refinancing your current mortgage, our mortgage loans offer competitive rates and personalized service. We take the time to understand your unique situation so you can feel confident in making one of life's biggest investments.

Personal Banking

Our personal banking services include checking and savings accounts designed for everyday use. Imagine having easy access to your money while earning interest on your savings. Our auto loans and vehicle financing options make it simple for you to get behind the wheel of your dream car. Need a little extra cash? Our personal loans can help you consolidate debt or cover unexpected expenses without stress.

Digital & Online Banking

At Midcoast, we understand that your time is valuable. That's why our digital and online banking services are designed to provide you with convenience, security, and control over your finances, all from the comfort of your home or on the go. With just a few clicks, you can access our comprehensive online banking platform at https://www.midcoastfcu.me/. Here, you'll find features like e-statements, which allow you to receive your bank statements electronically no more paper clutter! Plus, our electronic signature authorization makes it easier for you to handle transactions securely without needing to visit the branch in person. Managing your money has never been simpler. Our mobile application gives you the power to check balances, make transfers, and pay bills right from your smartphone. And if you're someone who enjoys making quick payments to friends or family, our person-to-person transfer feature allows you to send money instantly with just a few taps. Need to make a purchase? Our mobile payments feature lets you use your device for contactless transactions at participating merchants. It's fast and secure just another way we help you stay ahead in today's busy world. At Midcoast, we believe that banking should be available whenever you need it. That's why our 24/7 online banking services ensure that your accounts are accessible around the clock. Whether it's checking your account balance late at night or transferring funds during your lunch break, we've got you covered. Join us at Midcoast and experience how easy banking can be. With all these features at your fingertips, managing your finances has never felt so simple!

Financial Strength

At Midcoast, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that trusting a financial institution requires assurance of its strength and reliability. That's why we are proud to share insights into our financial health. 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 10.72% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. 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. 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. With $27,564,800 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust; we have $24,691,129 in used auto loans and an impressive total of $208,705,246 in loans and leases available to support our members' financial goals across various sectors. Our operational efficiency is reflected in our net income of $0, which allows us to focus on maintaining competitive loan rates and solid financial products for our members. Additionally, 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. With $362,060 available for lending and investments, our net shares reflect the funds ready to support your needs. We also boast a strong member base with a total of 36,424 share accounts, showcasing the trust placed in us by our community. 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 41 Route One Edgecomb ME 04556 or call 207-882-7919 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results.*

Loan Offering

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. Whether you're interested in financing a brand-new model or a reliable pre-owned vehicle, our team is here to guide you through the process.

Business Loans

For business owners, our outstanding commercial loans totaling $929,051 provide the capital needed to grow and expand. Whether you're starting a new venture or looking to invest in existing operations, we offer tailored solutions to meet your business needs. We encourage potential borrowers to explore refinancing options as well; it might save you money or free up cash for other priorities. To learn more about eligibility requirements and how you can benefit from our loan offerings, visit us online or contact us directly at (207) 882-7919. 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 providing you with the support you need for all your financial decisions let's work together towards your success!

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. We offer various mortgage products tailored to fit your unique circumstances, helping you take that important step towards owning your dream home.

Unsecured Credit Card Loans

Managing day-to-day expenses can be challenging, but we're here to help. 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 cards come with features designed for convenience and ease of use.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. This transparency allows users to explore various options without the pressure of sales tactics often found in traditional lending. LendMesh ensures accurate loan comparisons through a reliable sourcing process. 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 guarantees that users receive fair and transparent offers tailored to their needs. One of the key benefits of using LendMesh is its commitment to verified data. All loan offers are sourced from legitimate financial institutions, ensuring transparency in every comparison. Additionally, LendMesh does not feature sponsored listings; lenders are not prioritized based on paid promotions. The primary goal is to provide unbiased results that empower users to make informed decisions. With real-time rate comparisons, LendMesh keeps its users updated with the latest loan rates from multiple institutions. This feature helps individuals find the best deals available at any given moment. Thousands of users trust LendMesh for their loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Ready to find your best loan rates? Compare real-time loan offers today at LendMesh and discover options that fit your financial goals. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

MIDCOAST FEDERAL CREDIT UNION - Edgecomb, ME

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