Midcoast Federal Credit Union

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A short history of Midcoast FCU

Since its inception in 1956 the Midcoast Federal Credit Union has been serving its members in the FREEPORT, Maine area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Joseph Gervais, the Midcoast FCU has grown its membership to over 15,543 with assets of more than $163,828,303. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (207) 865-4443 or email them at midcoast@gwi.net to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in FREEPORT, ME.

General Information For Midcoast FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 10898
State Maine 
Zip-Code 04032
Phone Number (207) 865-4443
Fax Number (207) 865-0876
Email Address: midcoast@gwi.net
CEO/President Joseph Gervais
Members 15,543 
Full-Time Employees 51 
Part-Time Employees
Number of Branch Offices
Total Assets 163,828,303 
Website https://midcoastfcu.me 

Compare Midcoast Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Atlantic Regional CU Cumberland 327 Main ST 04021 (207) 725-8728 No 7.01
Lisbon Community CU Main Office 325 Lisbon St 04250 (207) 353-4144 No 10.65
Cumberland County CU Portland 1345 Washington Ave 04103 (207) 797-6492 No 13.33
Five County CU Five County Credit Union 765 Washington St 04530 (207) 443-3528 No 14.33
Central Maine CU Central Maine Federal Credit Union 836 Center St 04241 (207) 783-1475 No 15.44

Midcoast Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Midcoast Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 11.04 2.99 3.99 3.63 3.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 343 145 202 86 56
Rank Among All Maine Credit Unions 14 9 18 5 2

Midcoast Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.25 0.35 0.35
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 105 293 250
Rank Among All Maine Credit Unions N/A 7 10 30 27
Midcoast Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 11.0401,5863,347,940
All Other Unsecured Loans/Lines of Credit 8.9901,5344,685,766
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 7.41022203,909
New Vehicle Loans 2.9901512,650,914
Used Vehicle Loans 3.9901,99620,949,845
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.6303,23161,489,313
Total Other Real Estate Loans/Lines of Credit 3.50059719,370,037
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.1504074,151,869
TOTAL LOANS & LEASES 9,524116,849,593

Midcoast Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 2,79145,508,4493145,565,629
    b. 15 Years or less 40810,735,24349796,368
    a. > 15 years 193,199,9203686,178
    b. 15 Years or less 132,045,7012431,809
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 1304,311,878119,600
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 3125,054,6673215,000
Open-End Fixed Rate 15510,003,492221,708,500
TOTALS 3,82880,859,3503949,423,084


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 15510,003,4921,708,500
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Midcoast Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes