Credit union · NCUA insured
NorState Federal Credit Union
Top CarrotA $280.4M credit union headquartered in Madawaska, ME, with 14,075 members and 6 branches in Maine. Best rates: CDs 4.00% and savings 2.00% APY.
NorState Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 91% of U.S. banks and credit unions
#10 of 72 in MaineHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About NorState Federal Credit Union
NorState Federal Credit Union was founded on March 9, 1941, by local leaders to provide financial services to employees of Fraser Papers.
Today, it operates as a member-owned, not-for-profit cooperative serving members across six branch locations.
- Headquarters
- 78 Fox St, Madawaska, ME 04756
- NCUA charter
- 4261
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This may be incomplete or out of date, so check with the credit union before you apply.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
- Membership is open to individuals who live, work, worship, or attend school in Aroostook County, Maine.
- Membership is open to individuals who live, work, worship, or attend school in Northern Penobscot County, Maine.
Family and household
- Membership is open to individuals who have a family member who is an existing member.
Branches
6 branches in Maine
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Maine
6 branches
Madawaska area · 1
- Madawaska OfficeMain office78 Fox St, Madawaska, ME 04756Directions
Ashland area · 1
- Ashland Branch23 Exchange St, Ashland, ME 04732Directions
Eagle Lake area · 1
- Eagle Lake Branch3333 Aroostook Rd, Eagle Lake, ME 04739Directions
Fort Kent area · 1
- Fort Kent Branch164 Market St, Fort Kent, ME 04743Directions
Presque Isle area · 1
- Presque Isle738 Main St, Presque Isle, ME 04769Directions
Van Buren area · 1
- Van Buren Office156 Main St, Van Buren, ME 04785Directions
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 | 11.59% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 1.74% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.50% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $79 | $76 | — |
- CapitalNet worth ratio11.59%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late1.74%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.50%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$79Peers’ 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 NorState 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.