What's New

MyCUBillPay - Electronic Bill Paying System

If you are like most people, time is getting more and more valuable.  It seems like stopping at the post office to pickup stamps, sitting down and writing out checks to pay each bill, and remembering to drop them in the mail doesn't always fit into the hustle and bustle of daily life.  That is why Maine State Credit Union is excited to offer you the convenience of MyCUBillPay, our free online bill payment service.

MyCUBillPay is an electronic bill payment service that allows you to schedule on-time and recurring payments, such as your mortgage or car payment.  Most payments are made electronically (via the Automated Clearing House system) and are automatically debited from your MSCU checking account.  MyCUBillPay is FREE regardless of how many bills you pay and it's conveniently accessed through Online Advantage, MSCU's home banking system.  Download the application to enroll today!

Maine State Credit Union Welcomes our new members

Welcome to Maine State Credit Union!   Below is some helpful information about MSCU:

• We welcome you to begin banking at our main office at 200 Capitol Street in Augusta, or at one of our branch offices at 162 Hospital Street in Augusta, or 50 Elm Street, Waterville.  Lobby and Drive-up Hours.

•  Online banking is available.  In the future you can access your accounts online by clicking on the Online Advantage icon at the top right-hand side of the home page or by following the links from “24-hour Account Access.”

If you have questions that are not answered here, please call the Main Office at 1-800-540-8707.

Nail down a great rate!

Have you been putting off painting the house, building that deck, or replacing windows?  Not only is the weather now perfect for outdoor projects, but Maine State Credit Union can help you find affordable financing to fund your pet project.  Take advantage of our fixed-rate, fixed-term* home equity loan special.

Rates are as follows: 

Much like summer, these rates won't last forever, so call or visit us today for more information.

**Variable, revolving home equity lines of credit not included.  Some closing cost may be incurred.  Must meet eligibility requirements.  *Annual Percentage Rate.  Rate available only for qualified borrowers.

Vehicles for Sale or Bid

Occasionally Maine State Credit Union has vehicles for sale or bid. 

Vehicles offered for sale have an asking price and will remain available until sold.

Vehicles offered for bid have a close date for bids and are sold to the bidder with the highest offer by the close date.

All vehicles offered for sale or bid are offered to the general public.  You do not have to be a member of Maine State Credit Union to purchase one of these vehicles.  You must be a member or be eligible for membership with the credit union to qualify for our financing.

100% Financing available to qualified members.

Vehicles For Bid

Vehicles For Sale

2007 Can-Am Outland Max XT 4X4

Auto/Electric Start/2-up seat

Winch/400CC/Front Rack/Alloy Wheels

Color is Red         

Mileage is 200

Retail Value = $ 6,460

Asking $5,900 or best offer

Maine State CU Cares!

Do you collect State Quarters? Ask about our Minted State Quarter Collections from 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007. $1.00 from each sale benefits the Maine Credit Unions' Campaign for Ending Hunger.

To learn more about these or other promotions, please Contact Us. Or, to learn more about Partners in Ending Hunger, go to www.endhungernow.org.

Home Improvements

A Maine State CU Home Equity Line of Credit can make financing your home improvement projects painless.  Our Home Equity Line of Credit offers great flexibility and also includes:

• 6.00% APR*
• Prime + zero for the life of the loan
• No closing costs* *

Call one of our Homeowner Services Representatives for more information on our home equity loans and lines of credit. We look forward to helping you get one step closer to making your house your dream home.

*Annual Percentage Rate. Membership eligibility required. This home equity line of credit plan has a variable rate feature and the APR (corresponding to the periodic rate) and the minimum payment may change as a result. The APR includes only interest and no other costs. The APR is based on the value of an index. The index is the Prime Rate published in the Wall Street Journal, which is 6.00% as of 3/17/2008. The APR can change on 1/1, 4/1, 7/1, and 10/1 of each year. The maximum APR is 15%. Other terms and conditions apply.

**Proof of property insurance required.

Regulation D and How it Affects Your Accounts

Regulation D impacts the number of transactions Maine State Credit Union may allow on your deposit accounts (including savings, money market accounts, and clubs). The Regulation was implemented by the Board of Governors of the Federal Reserve System, whose job is to ensure financial institutions maintain adequate reserves for the funds they have on deposit. Regulation D has been in effect for many years and was implemented in part to ensure sufficient funds are available to meet consumer’s withdrawal demands. Going forward the Federal Reserve Bank requires Maine State CU to comply with the regulation.

How does Regulation D affect you? It limits the number of pre-authorized, automatic or phone transactions you make each month on a deposit account to a maximum of six. Balance inquiries, loan payments (between suffixes on one member number), and all transactions from a checking account do not count as part of those six transactions. And, there are no limitations to the number of transactions that you handle on any account in person, by mail or through an ATM (*See exception below).

Remember, Regulation D is a directive of the federal government, not your credit union. Below is an explanation of how Regulation D may affect your accounts.

Reg. D Limitations

Members may make up to six withdrawals or transfers from a deposit account a month which include:

• By preauthorized transfer to a third party [ex. recurring for insurance, health club dues, etc.]         
• Through OnLine Advantage [transfers to non-loan accts. only]
• Through Touch Tone Teller [transfers to non-loan accts. only]
• By telephone call to Maine State CU
• By secure e-mail
• By preauthorized transfer to member’s non- loan acct. [checking, club, money market] ***
• By overdraft to checking account
• By preauthorized payment to a third party [point-of-sale transactions w/ATM card]
• Debit Card overdraft transfers

As part of the six transactions the following are limited to three per Calendar Month:

• Requests for withdrawal by check to a third party*

***Excludes payroll deductions, which are first deposited into a savings account and then allocated to sub accounts [same day basis]

 Unlimited Transactions

• Transfers, Withdrawals or Wires:     
  • In person request                                                 
  • By ATM               
  • By mail                                                               
  • To pay a Maine State CU loan

Withdrawals by check (to self)                                                                  

• In person request  
  • By Fax 
  • By phone call to Maine State CU

Online Advantage