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Article: Nearly half of Mainers prefer membership banking ; Credit Unions: Nonprofit financial institutions see growth in areas such as fuel assistance loans.
- Article from:
- Portland Press Herald (Portland, ME)
- Article date:
- January 29, 2006
- Author:
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L. MERCEDES WESEL Staff Writer
Portland Press Herald (Maine)
01-29-2006
Nearly half of Mainers prefer membership banking ; Credit Unions: Nonprofit financial institutions see growth in areas such as fuel assistance loans.
Byline: L. MERCEDES WESEL Staff Writer
Edition: FINAL
Section: Maine Trends 2006
Memo: MAINE POPULARITY THERE ARE 74 credit unions in Maine, with 611,247 members, and assets totaling $3,974,127,923 (as of June 30, 2005).
While last year's news about commercial banks was dominated by mergers, acquisitions and consolidations, credit unions remained a stable force in Maine's financial sector.
Nearly half of Maine's residents belong to credit unions, said Jon Paradise, ...