WESTBROOK, Me. - New products and services offered by Maine'scredit unions allowed them to post consistent, healthy growth forthe first half of 2005. The Maine Credit Union League reported thatits 74 affiliated CUs showed growth in every category includingassets, membership, shares and loans. During the six-month period,combined assets of Maine's CUs grew 2.97%, nearly $114 million to$3.94 billion. Savings were up 3.12% to more than $3.3 billion, andmembership saw a net gain of just over 3,000 members to a new highof 603,337 consumers in Maine belonging to a credit union. TheLeague reports that nationally, Maine has been ranked as the fifthstrongest credit union state for the past three years. Nearly onein two Maine residents uses a credit union.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
