Important Update from Stephen Wallace, President & CEO
In times of uncertainty and heightened instability in financial markets, I wanted to assure our members and the public of the strength of Maine State Credit Union and remind you of one of the most significant benefits of belonging with us, a credit union. Your money is safe with us. The financial condition of Maine State Credit Union is strong and well-positioned to serve our members throughout volatile times.
Being a credit union, our focus is on you, our members. We don’t engage in the high-risk activities that have other financial institutions at risk of collapse. Deposits at Maine State Credit Union are Federally insured by the NCUA’s (National Credit Union Administration) National Credit Union Share Insurance Fund, up to at least $250,000 per individual depositor. Credit union members have never lost a penny of insured savings at a federally insured credit union. You can visit MyCreditUnion.gov for more information on the share insurance fund.
Maine State Credit Union is regularly examined by financial regulators to ensure proper management and the ongoing safety and soundness of members’ money within the institution.
Feel free to contact us if you have any questions or concerns. Thank you for entrusting us with your finances. Protecting your money is not a responsibility that we take lightly. In these challenging times, know that the credit union will be here to help you achieve your financial goals now and well into the future.
Stephen C. Wallace
Vice President of Marketing
200 Capitol Street
Augusta, ME 04330
Email: jroper at mainestatecu dot org