Truchoice Federal Credit Union

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A short history of Truchoice FCU

Since its inception in 1955 the Truchoice Federal Credit Union has been serving its members in the Portland, 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 KENNETH ACKER, the Truchoice FCU has grown its membership to over 12,066 with assets of more than $119,370,830. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (207) 772-0808 or email them at TRUFCU@TRUFCU.COM to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Portland, ME.

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

Charter Number 10100
Address PO Box 10659 
City Portland 
State Maine 
Zip-Code 04104
Phone Number (207) 772-0808
Fax Number (207) 772-8683
Members 12,066 
Full-Time Employees 48 
Part-Time Employees
Number of Branch Offices
Total Assets 119,370,830 
Website http://WWW.TRUFCU.COM 

Compare Truchoice Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Coast Line CU Corp Office-333 Cottage 333 Cottage Rd 04106 (207) 799-7245 No 2.01
Town & Country CU Main Street Branch 557 Main St 04116 (207) 773-5656 No 3.47
Maine Solutions CU CU Branch 209 Western Ave Unit B 04116 (207) 775-8371 No 3.87
Evergreen CU Branch Windham 785 Roosevelt Trl 04062 (207) 892-4690 No 3.96
Cport CU Main Office 50 Riverside Industrial Pkwy 04104 (207) 878-6200 No 3.96

Truchoice Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Truchoice 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 9.90 1.99 1.99 4.00 4.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 243 34 21 138 100
Rank Among All Maine Credit Unions 10 2 2 11 7

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

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.20 0.40 0.65 1.34
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 108 76 234 113
Rank Among All Maine Credit Unions N/A 6 6 25 9
Truchoice Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9004,22113,749,177
All Other Unsecured Loans/Lines of Credit 10.0001,9584,711,218
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.9902133,811,259
Used Vehicle Loans 1.9902,54129,198,995
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.0003,13326,026,142
Total Other Real Estate Loans/Lines of Credit 4.00053113,455,148
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 1.9903823,780,535
TOTAL LOANS & LEASES 12,97994,732,474

Truchoice 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 2,75922,664,044173,773,665
    b. 15 Years or less 2852,721,5953563,814
    a. > 15 years 81541,0531180,000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 899,45000


Closed-End Fixed Rate 2307,367,826311,225,456
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 3016,087,322441,911,539
Open-End Fixed Rate 0000
TOTALS 3,66439,481,290967,654,474


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

Truchoice 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 Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes