Credit union · NCUA insured
Saco Valley Credit Union
A $196M credit union headquartered in Saco, ME, with 9,215 members and 4 branches in Maine. Best rates: savings 1.16% APY.
Saco Valley Credit Union Carrot Score
86
Carrot Score
Higher than 72% of U.S. banks and credit unions
#15 of 39 in Portland, ME metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Saco Valley Credit Union
Chartered in 1947 by employees of Saco-Lowell Shops for their employees, families, and organizations, Saco Valley Credit Union is a member-owned financial institution.
It converted to a state charter in 1997, merged with Nissen Employees Federal Credit Union in 1999, and expanded its field of membership across York and Cumberland counties in 2006.
The credit union serves over 9,000 members across branch locations in Saco and Waterboro, Maine.
- Headquarters
- 312 Main St, Saco, ME 04072-1515
- NCUA charter
- 68324
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This may be incomplete or out of date, so check with the credit union before you apply.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 anyone who lives, works, attends school, or worships in Cumberland or York County in Maine.
Family and household
- Membership is open to immediate family members of existing members, including parents, spouse, children, siblings, grandchildren, or grandparents.
Cost to join
- Membership requires opening a savings account with a $25 deposit, reflecting ownership in the credit union.
Branches
4 branches in Maine
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Maine
4 branches
- Downtown Saco OfficeMain office312 Main St, Saco, ME 04072Directions
- Five County Credit Union19 Commercial St, Portland, ME 04101Directions
- Main Office500 Main St, Saco, ME 04072Directions
- Waterboro Branch Office860 Main St, Waterboro, ME 04087Directions
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 | 10.90% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.36% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.89% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $92 | $76 | — |
- CapitalNet worth ratio10.90%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.36%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.89%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$92Peers’ 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 Saco Valley Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.