Rainbow Federal Credit Union

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A short history of Rainbow FCU

Since its inception in 1956 the Rainbow Federal Credit Union has been serving its members in the LEWISTON, 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 Mark Samson, the Rainbow FCU has grown its membership to over 22,105 with assets of more than $222,737,320. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (207) 784-5435 or email them at info@rainbowfcu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in LEWISTON, ME.

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

Charter Number 11144
Address PO BOX 741 
State Maine 
Zip-Code 04243
Phone Number (207) 784-5435
Fax Number (207) 786-0495
Email Address: info@rainbowfcu.com
CEO/President Mark Samson
Members 22,105 
Full-Time Employees 58 
Part-Time Employees
Number of Branch Offices
Total Assets 222,737,320 
Website http://www.rainbowfcu.com 

Compare Rainbow Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Great Falls Regional CU 760 Minot Avenue 760 Minot Ave 04240 (207) 753-0500 No 0.08
Community CU Community Credit Union 144 Pine St 04240 (207) 783-2096 No 0.33
Lewiston Municipal CU Main Office 291 Pine St 04240 (207) 783-3991 No 0.63
Maine Family CU Schoolhouse 831 Minot Ave 04210 (207) 783-2071 No 1.44
Central Maine CU Central Maine Federal Credit Union 836 Center St 04241 (207) 783-1475 No 1.69

Rainbow Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Rainbow 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 N/A 2.25 1.97 4.13 5.13
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 57 19 160 247
Rank Among All Maine Credit Unions N/A 4 1 14 18

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

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.35 1.00 0.85
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 129 89 174 179
Rank Among All Maine Credit Unions N/A 8 7 13 18
Rainbow Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 5.9902,2676,448,659
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.2502435,211,318
Used Vehicle Loans 1.9702,26922,510,006
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.1303,912114,590,666
Total Other Real Estate Loans/Lines of Credit 5.1302765,327,134
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.25097810,489,170
TOTAL LOANS & LEASES 9,945164,576,953

Rainbow 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 2,83073,046,5982735,954,661
    b. 15 Years or less 1,00639,820,341743,201,171
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 761,723,72712955,000


Closed-End Fixed Rate 1543,657,88012475,850
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1221,669,25417685,800
Open-End Fixed Rate 0000
TOTALS 4,188119,917,80038811,272,482


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

Rainbow Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
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