Peopleschoice Credit Union

  • +1

A short history of Peopleschoice CU

Since its inception in 1963 the Peopleschoice Credit Union has been serving its members in the Biddeford, 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 Luke Labbe, the Peopleschoice CU has grown its membership to over 18,550 with assets of more than $191,983,913. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (207) 282-4156 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Biddeford, ME.

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

Charter Number 68442
Address P. Bo Box 463 
City Biddeford 
State Maine 
Zip-Code 04005
Phone Number (207) 282-4156
Fax Number (207) 284-2447
Email Address:
CEO/President Luke Labbe
Members 18,550 
Full-Time Employees 53 
Part-Time Employees
Number of Branch Offices
Total Assets 191,983,913 
Website http://www.peopleschoicecreditunion 

Compare Peopleschoice Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Ocean Communities CU Saco 1001 Portland Rd 04072 (207) 284-5823 No 1.75
Saco Valley CU Main Office 312 Main St 04072 (207) 282-6169 No 2.22
Blue Cross And Blue Shield Of Me CU BCBS OF ME EFCU 2 Gannett Dr 04106 (207) 822-7483 No 11.96
Maine Media CU mmfcu 295 Gannett Dr 04112 (207) 774-4307 No 11.96
Truchoice CU Operations Center 332 Cummings Rd 04104 (207) 772-0808 No 12.20

Peopleschoice Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Peopleschoice 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 12.00 3.99 4.79 4.50 5.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 411 279 300 205 289
Rank Among All Maine Credit Unions 18 23 24 21 23

Peopleschoice Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.05 0.10 1.00 1.00
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 143 134 174 158
Rank Among All Maine Credit Unions N/A 11 14 13 15
Peopleschoice Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.0003,5578,448,587
All Other Unsecured Loans/Lines of Credit 10.9505072,096,699
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.9903808,766,432
Used Vehicle Loans 4.7902,89740,486,429
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.50086881,212,730
Total Other Real Estate Loans/Lines of Credit 5.5003835,380,670
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.9904062,365,308
TOTAL LOANS & LEASES 8,998148,756,855

Peopleschoice 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 27945,547,017285,928,391
    b. 15 Years or less 36024,307,7428613,400
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 22911,357,9719665,000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 481,288,466135,867
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 3354,092,20414545,000
Open-End Fixed Rate 0000
TOTALS 1,25186,593,400607,787,658


Interest Only & Payment Option 1st Mortgage Loans 3441,0280
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Peopleschoice 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 Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes