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Updated: May 31, 2023

Maine State Credit Union branches out, opening first midcoast location

People in front of credit union branch Courtesy / Maine State Credit Union The Maine State Credit Union Rockland branch team: Limor Marine, Jeff Charland, Jennifer Chipman, Hillary Jackson, Sandy Weaver and Samantha Ballenger.

Augusta-based Maine State Credit Union has opened a branch in Rockland, its first on the midcoast, in a former Tim Horton's coffee shop.

The branch, located at 168 Camden St., is a full-service location staffed by six employees. Jennifer Chipman and Hillary Jackson will lead the team, while Jeff Charland heads the commercial business side.

"We have many members in the greater Rockland area, and many currently travel to Augusta to meet with us in person," said Stephen Wallace, president and CEO of MSCU. "The Rockland branch will make it even easier for them to bank and to get help with other financial needs, whether it is a budget, saving for the next project, or applying for a loan."

The branch, which opened Tuesday, is the credit union's fifth branch location. The others are in Augusta, Waterville and Gray.

Martini Northern LLC, of Newfields, N.H., was the general contractor on the project, while the Element Group, based in Portsmouth, was the project manager.

In Rockland, Adventures in Advertising was the project manager for the external signage of the new branch, while Zach Benner of Benner Landscaping & Excavation Inc. did the landscaping.

A spokeswoman told Mainebiz the credit union plans to open another midcoast branch sometime in 2024.

Maine State Credit Union has more than $600 million in assets and 120 employees. Founded in 1935 inside the Maine State House in Augusta as a place for state employees to bank, the institution has grown to more than 33,000 members. It is open to residents in Androscoggin, Cumberland, Kennebec, Knox, Lincoln, Sagadahoc, Somerset, or Waldo counties, or if you or someone in your immediate family is a current or retired state employee. 

Based on assets as of last September, Maine State Credit Union is the third-largest Maine-based credit union, behind Atlantic Federal Credit Union (No. 1) and Maine Savings Federal Credit Union (No.2), as ranked in the 2023 Mainebiz Book of Lists.

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