🔒New hires, promotions, appointments and company news

New hiresPenobscot Community Health Care in Bangor recently announced the addition of four new general practice dental residents: Shaival Patel, David Miller, Emily Horcha and Nikhil Mallick. The health care center also recently announced that pediatrician Ellen Lauer has joined the medical staff of Penobscot Pediatrics; Kelly Palchik has been named the director of the […]

Already a Subscriber? Log in

Get Instant Access to This Article

Subscribe to Mainebiz and get immediate access to all of our subscriber-only content and much more.

Spotlight: Maine's credit unions

According to mid-year statistics from the Maine Credit Union League, Maine’s 62 credit unions experienced growth in all measurement categories including members, assets, savings and loans from January through June of this year.
As of June 30, combined assets at Maine’s credit unions grew by $200 million to $5.87 billion, an increase of 4.1%. In addition, loans outstanding to members increased by $113 million in first six months, representing a 3.1% increase, with year-to-date loan originations up 37.3% over the same period a year ago. During the same time, savings rose by close to 5% with $232 million in new deposits flowing into Maine credit unions and membership grew 1.1% with a net gain of nearly 7,000 new members. Membership at Maine’s credit unions set a new record for the seventh-consecutive quarter and total membership now stands at nearly 624,000 – a record.
Other highlights from the report include first mortgage originations increasing by 76.7% during the period and a 9.5% increase in used auto loans.

Learn more about:
– Digital Partners -