Norstate Credit Union Madawaska ME | Affordable Auto Loans & Business Banking

Introduction

Welcome to Norstate, your trusted financial partner located at 78 Fox St, Madawaska, ME 04756. Established in 1941, we have proudly served our community for over 80 years, providing exceptional banking solutions that put our members first. With a strong membership base of 14,300 and total assets reaching an impressive $262,502,660, we are committed to helping you achieve your financial goals. At Norstate, we understand the importance of community and the unique needs of our members. Our dedicated team is here to assist you with a range of services, from personal banking and auto loans to business banking solutions. With $4,337,870 in total deposits and a net worth of $33,230,961, you can trust that your finances are in capable hands. Led by our experienced CEO, Jeffrey Davenport, and Board President Leigh Smith, our team is passionate about making a positive impact in the lives of our members. While you can visit us at our branch for all your banking needs, official correspondence should be sent to the same address: 78 Fox St, Madawaska, ME 4756. We invite you to explore everything Norstate has to offer. Whether you're looking for competitive loan rates or convenient online banking options, we're here to support you every step of the way. For any questions or assistance, feel free to call us at (207) 728-7555 during our operating hours Monday to Friday from 8 AM to 5:30 PM and Saturday from 9 AM to 12 PM. Join us today and experience the difference that comes with being part of the Norstate family! Visit our website at norstatefcu.org for more information on how we can help you achieve financial success.

Branch History & Mission

Community Commitment

Over the years, Norstate has consistently invested in community outreach initiatives that uplift those around us. We understand that our success is intertwined with the prosperity of our community. From sponsoring local events to providing financial education resources, we remain committed to making a positive impact. Our friendly staff is always ready to help you navigate your financial journey. If you're curious about what we offer or how we can assist you further, don't hesitate to reach out at 207-728-7555. Join us today and experience the difference at Norstate! Together, let's build a brighter financial future for you and our beloved community. Visit us online at norstatefcu.org or stop by during our operating hours: Monday through Friday from 8 AM - 5:30 PM and Saturday from 9 AM - 12 PM. Your future starts here!

Our Mission

At Norstate, our mission is clear: we are dedicated to improving the financial well-being of our members while actively supporting our community. We believe that banking should be more than just transactions; it should empower people. Our services include personal banking options such as checking and savings accounts, auto loans, mortgages, credit cards with rewards, and business banking solutions. We strive to make banking convenient for everyone by offering modern amenities like online and mobile banking services. Whether you prefer visiting us in person or managing your finances digitally from anywhere, we're here to meet your needs. While members can visit us at 78 Fox St Madawaska Me 04756, official correspondence should be sent to 78 Fox St, Madawaska, ME 4756. Our branch is equipped with an ATM and offers drive-thru services for easy access to essential transactions. We also collaborate with other institutions through shared service centers to ensure that our members have comprehensive access to their accounts.

Branch Location & Accessibility

Welcome to the Norstate branch, located at 78 Fox St in the charming town of Madawaska, ME! Our branch is designed with your convenience in mind, making it easy for you to access a range of banking services just a stone's throw away from key local landmarks. Whether you're near the picturesque St. John River or enjoying a leisurely day at one of the nearby parks, our location is perfect for all your financial needs. While members can visit us at 78 Fox St, official correspondence should be sent to the same address as our mailing address remains unchanged. We understand that accessibility is important, which is why our branch features ADA-compliant entrances and parking spaces. You'll find ample parking available, ensuring a hassle-free experience when you visit us. Our friendly team is ready to assist you during our operating hours: Monday through Friday from 8 am to 5:30 pm and Saturday from 9 am to 12 pm. Whether you're stopping by for personal banking services like checking and savings accounts or looking for assistance with auto loans or mortgages, we're here to help. For added convenience, we offer drive-thru banking for quick deposits and withdrawals, as well as ATM access for those on-the-go transactions. Plus, if you're a member of a partner credit union, you can take advantage of shared branch services right here! Have questions? Don't hesitate to give us a call at 207-728-7555. We look forward to welcoming you into our Norstate family!

Member Eligibility

At Norstate, we believe that everyone deserves a chance to be part of a caring and supportive financial community. Joining us is simple! If you live, work, or worship in Aroostook County, you're already eligible to become a member. We welcome individuals from all walks of life, making it easy for you to take advantage of the personalized services we offer. Not only will you gain access to great financial products like auto loans, mortgages, and credit cards with rewards, but you'll also find a dedicated team ready to support your journey toward financial wellness. To learn more about the eligibility criteria and see if you qualify, feel free to check out our detailed information at https://www.norstatefcu.org/membership/switch-kit.htm. When you're ready to open an account, simply visit us at https://www.norstatefcu.org/applications/index.htm, or give us a call at (207) 728-7555. Our friendly staff at 78 Fox St Madawaska Me 04756 is here to help you every step of the way. We can't wait to welcome you into our family!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $421 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $31,478,111, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to loans, we offer comprehensive merchant services that simplify payment processing for your business. Imagine a busy Saturday where customers can easily swipe their cards or pay with their phones. Our services ensure that your transactions are smooth and efficient, allowing you to focus on what you do best serving your customers. Located at 78 Fox St Madawaska Me 04756 in Madawaska, ME, our team is ready to partner with you on your journey toward success. Contact us at (207) 728-7555 to learn more about how we can support your business today!

Comprehensive List Of Services

ATM and Drive-Thru Services

Need cash? Our ATM services provide quick access to funds whenever you need them. Additionally, our drive-thru banking allows for easy deposits and withdrawals without leaving your car perfect for busy days!

Business Banking Services

For local business owners, we offer comprehensive business banking services, including merchant services and business loans. We understand how crucial it is for businesses to have access to reliable financial support, so we're here to help you thrive.

Convenient Digital Banking

In today's fast-paced world, convenience matters. That's why we've invested in robust online and mobile banking platforms. With these tools, you can manage your accounts anytime, anywhere. Check balances, transfer funds, or pay bills all from your smartphone or computer. Plus, with features like person-to-person payments and electronic statements, managing your money has never been easier.

Credit Cards with Rewards

Enjoy shopping? Our credit cards with rewards give you more back on every purchase. Imagine earning points for cash back or travel rewards just by using your card for everyday expenses!

Personal Banking Solutions

Whether you're opening your first checking account or looking to save for a big purchase, we offer personal banking options that suit your lifestyle. You can choose from various checking and savings accounts designed for easy management of your daily finances. If you're thinking about purchasing a car, our auto loans and vehicle financing options make it simple to get behind the wheel without breaking the bank. When it comes to homeownership, we provide flexible mortgage loans and refinancing solutions. Our team is ready to guide you through the process, ensuring you understand each step along the way. For those unexpected expenses or debt consolidation needs, our personal loans can help you regain control over your finances.

Shared Branching Options

If you're traveling or unable to visit us in person, take advantage of our shared branch transactions available at partner credit unions. You can make deposits and withdrawals wherever you go. At Norstate, we are committed to making banking accessible and straightforward for everyone in our community. Whether you're a member or considering joining us, we're excited to help you achieve your financial goals. For more information on any of these services or to speak with one of our friendly representatives, feel free to call us at (207) 728-7555 during our operating hours: Monday to Friday from 8 AM to 5:30 PM and Saturday from 9 AM to 12 PM. Join us today at Madawaska Office, where financial empowerment begins!

Digital & Online Banking

Key Features

Our online banking platform allows you to check balances, transfer funds, and pay bills with just a few clicks. You can also take advantage of our electronic signature authorization feature, making it simple to sign documents from the comfort of your home. Plus, if you prefer going paperless, our e-statements provide you with a secure and environmentally-friendly way to keep track of your financial activity. With our mobile application, banking is truly at your fingertips. Whether you're on the go or relaxing at home, you can use mobile payments to make purchases quickly and easily. And if you need to send money to friends or family, our person-to-person transfer feature is just what you need.

Security and Accessibility

We prioritize your security while ensuring that our services are user-friendly. Our online banking platform incorporates advanced security measures so that you can manage your finances with peace of mind. The accessibility of these tools means that even if you're busy during the day, you can still stay on top of your finances whenever it suits you. In short, Norstate is here to support you with innovative digital banking solutions that fit into your lifestyle. Explore all that we offer at https://www.norstatefcu.org/index.shtml today!

Financial Strength

Growing Membership Base

With 35,130 total share accounts, we showcase a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $528,478 demonstrate our commitment to keeping your funds secure while facilitating growth opportunities. In conclusion, our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Norstate is your trusted partner. Visit us at 78 Fox St Madawaska Me 04756 or call (207) 728-7555 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

Members' savings are secured through $76,182,686 in share certificates and $21,469,338 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 focus on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our operations reflect efficiency with a net income of $277,356, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 79 full-time employees and 5 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvesting in Your Future

With $28,804,045 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 evident with $1,551 in used auto loans and $184,697,966 in total loans and leases, supporting your financial goals across various sectors.

Strong Financial Health

With a net worth of $33,230,961, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 12.63% 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

At Norstate, we understand that financial needs vary from person to person. That's why we offer a range of loan products tailored to help you achieve your goals, whether you're looking to purchase a vehicle, buy a home, or manage your day-to-day expenses. With over 11098 loans issued, we've helped thousands of members achieve their financial goals. Our auto loans are particularly popular. Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $25,435,969 in used vehicle loans and $7,518,113 in new vehicle loans already helping members get on the road. If you're thinking about homeownership, our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $4,538,506, making buying or refinancing simple. We also provide flexible terms on unsecured credit card loans, with a total of $5,628,612 in loans helping members manage their finances effectively. For business owners seeking growth opportunities, our outstanding commercial loans totaling $31,478,111 provide the capital needed to expand your business ventures. In addition to these offerings, we have refinancing options available for many of our loan products. If you're unsure about your eligibility or want more information on how to apply for a loan with us, please visit our eligibility page or give us a call at (207) 728-7555. Our performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Stop by our branch located at 78 Fox St Madawaska Me 04756, and let us help you take the next step toward your financial success!

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NORSTATE FEDERAL CREDIT UNION - Madawaska, ME

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