August 11, 2009
Maine credit unions top $5B in assets
By The Mainebiz News Staff
Combined assets at Maine's credit unions topped $5 billion for the first time in June as customers deposited more than $307 million in the institutions during the first half of 2009.
In its mid-year report, the Maine Credit Union League reports that combined assets at the 67 credit unions it represents increased to $5.06 billion as of June 30, a nearly 6% increase from the $4.77 billion reported at the end of 2008. In addition, Maine credit unions had a net gain of 6,328 new members in the first six months of the year, the largest membership growth in several years. Total membership now stands at 608,187.
Nationally, Maine has been ranked the fifth strongest credit union state for the past seven years, according to the release.
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