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News Now

CU System
Maine membership reached new high in 3Q
PORTLAND, Maine (1/7/13)--Maine's credit unions reached a record 626,765 members during third quarter, said the Maine Credit Union League.

"For many years, we have talked about credit unions being 'the best kept secret in financial services,' " said league President John Murphy, "and it is great to see that the secret about the benefits and value of using a credit union is getting out to more consumers than ever."

From January through Sept. 30, 2012, the state's credit unions added nearly 10,000 new members, including nearly 3,000 in the third quarter alone (Weekly Update Jan. 4).

Other year-to-date third quarter results:

  • Assets increased 4.6% to $5.87 billion;
  • Loans rose 5.1%, an increase of nearly $200 million; and
  • Shares grew 5.2% to $5.03 billion.
Murphy attributed the increase to the collective efforts of the league's Statewide Awareness Campaign, strong media outreach and local credit union marketing initiatives.


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