Midcoast Credit Union Freeport ME | Affordable Auto Loans & Mortgage Financing

Introduction

Welcome to Midcoast, your trusted financial partner located at 186 Lower Main St, Freeport, ME 04032. Established in 1956, we have been dedicated to serving our community for over six decades, fostering a sense of belonging and providing robust financial solutions tailored to your needs. With a proud membership of 15,792, we focus on empowering our members through personalized banking services. At Midcoast, we believe that financial success begins with a solid foundation. That's why we are thrilled to share that our total assets have reached an impressive $261,238,689. Our commitment to responsible lending is evident in our portfolio of over 12,028 loans and leases, with total deposits amounting to $3,865,413. We pride ourselves on maintaining a strong net worth of $28,067,402, ensuring that your money is secure and well-managed. Under the leadership of CEO Joseph Gervais and Board President Richard Hart, we strive to make banking accessible and rewarding. Our team of 75 dedicated employees is here to assist you every step of the way whether you need help with personal banking services like checking and savings accounts or more complex solutions such as auto loans or mortgages. While members can visit us at our Freeport location, official correspondence should be sent to the same address for convenience: 186 Lower Main Street, Freeport, ME 4032. For any inquiries or assistance, feel free to reach out at (207) 865-4443 or visit us online at midcoastfcu.me. Join us today and experience the difference that comes from being part of a community-focused credit union that truly cares about your financial journey!

Branch History & Mission

Commitment to Innovation

As we move forward, Midcoast embraces technology while ensuring accessibility for all members. With services like online banking, mobile payments, and electronic signatures, managing your finances has never been easier. We are also proud of our ADA compliance efforts, ensuring that every member can access our services without barriers. For those who prefer face-to-face interactions, our drive-thru banking service provides convenience for quick transactions without leaving your vehicle. Additionally, with ATM availability and shared service center options, we make it easy for you to access your funds wherever you are.

Join Us!

As we continue our journey, we invite you to become part of the Midcoast family. Experience firsthand the benefits of membership where your financial goals align with community values. Whether you're looking for personal banking solutions or business services, we're here for you every step of the way. Feel free to reach out at (207) 865-4443 or visit us at 186 Lower Main St Freeport Me 04032 during our operating hours: Monday through Friday with varying times to accommodate your schedule. If you're ready to take the next step towards achieving your financial dreams, explore how easy it is to join us here or apply for a loan here. Together, let's build a stronger community!

Our Mission

At Midcoast, our mission is clear: to provide exceptional financial services while fostering a strong sense of community support. We understand that each member has unique needs, and we are dedicated to offering personalized solutions from checking and savings accounts to auto loans and mortgages. Our goal is not only to help you manage your finances but also to empower you through education and resources that enhance your financial well-being. We pride ourselves on being more than just a place for transactions. Our commitment extends beyond banking; we actively engage in community outreach initiatives, creating partnerships that uplift those around us. Whether it's hosting educational workshops or participating in local events, we believe in giving back to the community that supports us.

Branch Location & Accessibility

Welcome to Midcoast, your friendly financial partner located at 186 Lower Main St in the charming town of Freeport, ME. Our Freeport Office is not just a branch; it's a community hub where convenience meets personalized service. Whether you're on your way to explore the nearby shops or enjoying a day out, you can easily stop by and take care of your banking needs. While members can visit us at our main location, please note that official correspondence should be directed to our mailing address at 186 Lower Main Street, Freeport, ME 4032. This ensures that your important documents reach us without delay. Our branch is easily accessible and features ADA-compliant entrances to make it convenient for everyone. We offer ample parking options for our visitors, so you won't have to worry about finding a spot when you come to see us. Plus, we have drive-thru banking available for those who prefer a quick and easy transaction without leaving their vehicle. At Midcoast, we understand that life can get busy. That's why we're here to serve you with extended hours! You can visit us Monday through Tuesday from 8:30 AM to 4:30 PM, Wednesday from 9:00 AM to 4:30 PM, Thursday from 8:30 AM to 5:30 PM, and Friday from 8:30 AM to 4:30 PM. Whether you need assistance with personal banking services like checking and savings accounts or are looking for loans or credit cards, our friendly staff is ready to help. Additionally, we provide an ATM on-site for your convenience and shared services for members of partnering credit unions. This means even more flexibility in accessing your funds when you need them. We invite you to visit our branch or give us a call at 207-865-4443 if you have any questions or need assistance. At Midcoast, we're here for all your banking needs!

Member Eligibility

At Midcoast, we're excited to welcome you into our community of members who benefit from personalized financial services and a supportive atmosphere. Becoming a member is simple! If you live, work, or worship in the areas we serve, you're likely eligible to join us. We believe in making banking accessible for everyone, so whether you're new to credit unions or looking for a better banking experience, we invite you to check out the detailed eligibility criteria at https://midcoastfcu.myori.com/app/oao/membership . Once you've confirmed your eligibility, opening an account with us is a breeze! You can start your journey towards financial wellness by visiting us at our branch located at 186 Lower Main St Freeport Me 04032 or by calling us at (207) 865-4443 for any questions. We're here to help every step of the way, ensuring that your transition into membership is as smooth as possible. Together, let's build a brighter financial future! For more information on how to open your account, visit https://www.midcoastfcu.me/apply-for-a-loan/ .

Business Banking & Commercial Services

Business Loan Options

Imagine your dream of expanding your storefront or investing in new equipment becoming a reality. With our commitment to supporting businesses, we have invested in their 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

In addition to loans, our merchant services make it easy for you to accept payments seamlessly. Imagine being able to serve customers faster with mobile payment options or online transactions that fit their lifestyle. Our services are designed to simplify your operations so you can focus on what matters most growing your business. Let's work together to turn your business vision into a reality at Midcoast, located at 186 Lower Main St Freeport Me 04032. Reach out today at (207) 865-4443 to explore how we can assist you!

Comprehensive List Of Services

Accessibility Features

We also provide basic drive-thru banking for quick deposits and withdrawals, along with shared branch transactions that allow partner credit union members to complete their banking needs seamlessly at our location. With basic ATM access for withdrawals and balance checks, managing your finances has never been easier.

Business Banking

Small business owners will find value in our business banking services, including merchant services and business loans designed specifically for local enterprises. We understand the challenges of running a business, and we're here to support your growth.

Connect With Us!

If you're ready to explore these services or if you have any questions, don't hesitate to reach out! Call us at (207) 865-4443 or visit us at our Freeport location today. Let us help you achieve your financial goals with the personalized care that sets Midcoast apart from the rest! For more information on how to become a member or open an account, check out our website: https://www.midcoastfcu.me/.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why at Midcoast, we offer robust online and mobile banking features. You can easily manage your accounts from anywhere using our app whether it's checking balances, transferring funds, or making payments. Our ATM and cash withdrawal services ensure that access to your money is always within reach.

Home Financing

Thinking about buying a home? Our mortgage loans and refinancing services provide you with the support you need during this significant investment. Whether you're a first-time homebuyer or looking to refinance your existing mortgage, we have personalized solutions to fit your financial situation.

Personal Banking

For those looking to manage their day-to-day finances, our personal banking options are tailored just for you. We offer checking and savings accounts that make it easy to keep track of your money while earning interest. If you're considering purchasing a new car or need financing for a vehicle, our auto loans and vehicle financing options come with competitive rates and flexible terms, ensuring you can hit the road without stress.

Personal Loans and Credit Cards

Need some extra cash? Our personal loans and debt consolidation services can help simplify your finances by combining multiple debts into one manageable payment. Plus, with our credit cards featuring rewards, every purchase can earn you points that lead to exciting benefits whether it's cash back or travel rewards!

Digital & Online Banking

Key Services Available

With our online banking services available at https://www.midcoastfcu.me/ , you can effortlessly check your account balances, transfer money between accounts, and pay bills all from the comfort of your home. Our platform supports e-statements, so you can access your financial documents electronically whenever you need them. This not only saves paper but also keeps your information organized and secure. For those who prefer mobile banking, our mobile application allows you to carry your bank in your pocket. You can deposit checks using your smartphone camera, make person-to-person transfers with ease, and even enjoy the convenience of mobile payments. Imagine paying for groceries or splitting a dinner bill without needing cash it's all possible!

Security and Accessibility

Your security is a top priority for us. With features like electronic signature authorization, signing documents digitally is not only quick but also safe. Plus, our 24/7 online banking services ensure that you have access to your accounts whenever it suits you best. Managing your finances shouldn't be complicated, and at Midcoast, we strive to make everything as user-friendly as possible. Whether you're checking transactions or setting up automatic payments, you'll find our tools straightforward and easy to navigate. We invite you to explore all that our digital banking services have to offer. Visit https://www.midcoastfcu.me/ today and take control of your financial journey with Midcoast!

Financial Strength

Commitment to Growth

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 supports your financial goals with $2,467 in used auto loans and $208,705,246 in total loans and leases across various sectors.

Member Trust

Total Share Accounts stand at 36,424, showcasing a strong and growing member base that trusts us with their finances. With Net Shares available for lending and investments at $362,060, we ensure that your funds work harder for you. 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 186 Lower Main St Freeport Me 04032 or call (207) 865-4443 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our operational efficiency is reflected by our $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We take pride in having 72 full-time employees and 3 part-time employees who are ready to serve you with a knowledgeable, committed team.

Secure Savings Options

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. We prioritize our members over traditional banking practices; with non-member deposits at $0, our resources focus on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid 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 $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.

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 used vehicle, our dedicated team is here to assist you every step of the way.

Business Loans

For business owners looking to grow and expand their operations, our outstanding commercial loans totaling $929,051 provide the capital needed to take your business to the next level. Our team understands the unique challenges faced by local businesses and is committed to providing tailored solutions that align with your goals.

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 provide personalized service to guide you through the mortgage process and ensure you find the right fit for your budget and lifestyle.

Refinancing Options

If you're considering refinancing any existing loans or mortgages, our team can guide you through eligibility options that may help reduce your monthly payments or lower your interest rates. We're dedicated to ensuring that our members make informed decisions about their financial future. For more information about our loan offerings or to speak with one of our representatives directly, please call us at 207-865-4443. Our friendly staff is ready to assist you during our operating hours: Monday through Friday from 8:30 AM - 4:30 PM (and until 5:30 PM on Thursdays). 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 186 Lower Main St Freeport Me 04032, and let us help you take the next step toward achieving your financial dreams!

Unsecured Credit Card Loans

Managing day-to-day expenses can be easier with our flexible terms on unsecured credit card loans. We currently offer a total of $4,420,900 in unsecured credit card loans that help members manage their finances effectively. Enjoy peace of mind knowing that you have access to funds when you need them most.

Loan Aggregator

Benefits of Using LendMesh

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How LendMesh Ensures Accurate Loan 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. By working exclusively with verified financial institutions, LendMesh maintains a high standard of accuracy in its loan comparisons.

MIDCOAST FEDERAL CREDIT UNION