Credit union · NCUA insured
Midcoast Federal Credit Union
A $266.9M credit union headquartered in Freeport, ME, with 16,020 members and 5 branches in Maine. Best rates: CDs 3.76% and savings 0.50% APY.
Midcoast Federal Credit Union Carrot Score
76
Carrot Score
Higher than 40% of U.S. banks and credit unions
#23 of 39 in Portland, ME metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Midcoast Federal Credit Union
Midcoast Federal Credit Union is headquartered in Freeport, Maine, and serves Maine's Midcoast region from branches in Freeport, Brunswick, Bath, Edgecomb, and Thomaston.
The credit union provides financial services across Cumberland, Sagadahoc, Lincoln, Knox, and Waldo Counties, as well as the town of Durham in Androscoggin County.
- Headquarters
- 186 Lower Main St, Freeport, ME 04032
- NCUA charter
- 10898
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live, work, worship, volunteer, or attend school in Waldo County, Knox County, Lincoln County, Sagadahoc County, Cumberland County, or the town of Durham in Androscoggin County, Maine are eligible for membership.
Family and household
- Immediate family members and individuals who share a household with eligible persons are eligible for membership.
Other ways
- Businesses and other legal entities within the field of membership are eligible for services/membership.
Cost to join
- A minimum $5.00 deposit into a Savings Account is required to start membership.
Branches
5 branches in Maine
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Maine
5 branches
Portland area · 3
- Freeport OfficeMain office186 Lower Main St, Freeport, ME 04032Directions
- Bath Office831 Middle St, Bath, ME 04530Directions
- Brunswick Office6 Station Ave, Brunswick, ME 04011Directions
Edgecomb area · 1
- Edgecomb Office41 Route One, Edgecomb, ME 04556Directions
Thomaston area · 1
- Thomaston Office209 New County Rd, Thomaston, ME 04861Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 11.11% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.41% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.31% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $91 | $76 | — |
- CapitalNet worth ratio11.11%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.41%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.31%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$91Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Midcoast Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.