Accounts

Savings Accounts

Savings accounts for the entire family

Share Savings

When you join Maine Family FCU, you make an initial deposit of $25—your “share” in the credit union—and open a Share Savings account.

And that $25 is all you need to begin earning dividends on your Share Savings account. No matter where your finances stand today, you will see your savings start to grow, and you’ll begin a healthy lifetime habit of saving.

Benefits Include:

  • Voting rights within the credit union—you have an ownership stake in your financial institution!
  • Dividends earned on your entire balance over $25
  • Great for use as overdraft protection for your checking account
  • You can even open a second Share Savings or a Club account for a special savings goal, such as a down payment for your next vehicle, a family emergency fund, or a well deserved vacation.

Current Rates 

Money Market

DESCRIPTION: 

  • A high yield split rate savings account.

QUALIFYING REQUIREMENTS: 

  • Must be a Credit Union member.  You are eligible to become a member of Maine Family Credit Union if you reside, work, worship, attend school, or have immediate family members who reside within our field of membership of Androscoggin County. Membership is attained simply by opening a share account with a minimum deposit of $25.00.  
  • Minimum $2,500 deposit. 

BENEFITS: 

  • Has a higher yield than regular savings accounts. 
  • Insured by NCUA to $250,000. 
  • May be used as collateral for a loan. 
  • Unlimited withdrawals. 

FEATURES: 

  • No penalty for withdrawals. 
  • Dividends are accrued daily and compounded monthly.

Current Rates 

Health Savings Accounts

QUALIFYING REQUIREMENTS: 

  • Must be a Credit Union member.  You are eligible to become a member of Maine Family Credit Union if you reside, work, worship, attend school, or have immediate family members who reside within our field of membership of Androscoggin County. Membership is attained simply by opening a share account with a minimum deposit of $25.00.

Health Savings Accounts (HSAs) are tax-friendly savings accounts that allow you to build a fund for future medical expenses that insurance may not cover. The best part is the account is all yours and any unused funds may be used to supplement your retirement savings. HSA contributions are made with pre-tax money, which means all contributions are tax-deductible.* Any interest earned on your account is tax-free. Contributions may be made by you, your employer, or members of your family. HSAs have a flexible contribution schedule allowing for lump sum contribution or periodic payments at any time and funds may be rolled over each year. 

Anyone who is covered by a qualified High Deductible Health Plan (HDHP) and not another health insurance carrier or Medicare may be eligible to open an HSA. 

The benefits of having an HSA include saving money through lower premiums and tax breaks; no minimum balance is required; money deposited into your account may be used to pay the deductible or other out-of-pocket medical expenses; spouses can inherit the account without any tax consequences; and you can keep your account even if you change jobs, plans or retire. 

You may use your HSA immediately or keep it for the future. Generally, access is allowed by debit card, check, or withdrawal request. Coverage For more information, including a complete list of IRS-allowable qualified medical expenses, please visit the “Forms and Publications” page on the IRS website at www.irs.gov; or call 1-800-829-3676 and request a copy of IRS Publication 502. Exceptions may apply for some insurance premiums that cannot be paid for by HSA funds even though they are listed in the IRS Publication 502. Over-the-counter medications are not listed, but are included under allowable qualified medical expenses for HSAs.

The great news is it is easy to apply! Just stop by one of our branches and speak to one of our HSA Specialists. No need to bring in any special forms. We will walk you through the process.

Current Rates 

*See your tax adviser for specific details. 

Click here to view a brochure on our Health Savings Account product, including contribution limits.

Individual Retirement Accounts

Current Rates 

QUALIFYING REQUIREMENTS:

  • Must be a Credit Union member.  You are eligible to become a member of Maine Family Credit Union if you reside, work, worship, attend school, or have immediate family members who reside within our field of membership of Androscoggin County. Membership is attained simply by opening a share account with a minimum deposit of $25.00.

BENEFITS: 

  • You may be able to defer taxable income, which reduces your income tax liability. 
  • $50.00 fee for IRA accounts closed within 12 months of opening date. 
  • No annual maintenance fees. 
  • Payroll deduction is a convenient way to make deposits. 
  • Earns a higher rate of interest than regular shares. Dividends might also be tax deferrable. 
  • May be tax deductible for most members. 

FEATURES: 

  • You have a choice of variable or fixed rate investment 
  • Dividends are accrued daily and compounded monthly, paid on the last day of the month after closing. 
  • Contributions, excluding rollovers & direct transfers, may not exceed $6,000 annually, of earned income, whichever is less. 
  • In addition to the maximum $6,000 contributions, your working or non-working spouse may also contribute up to $6,000 annually. 
  • Contributions for the previous tax year are accepted until the tax return due date. 
  • Withdrawals from a Traditional IRA are reported as taxable income. 
  • IRAs may not be used as collateral for a loan. 
  • Withdrawals prior to age 59 1/2 may be penalized 10% by the IRS. 
  • Funds may be deposited by direct transfer from another financial institution. 
  • You may rollover IRA funds from another financial institution within 60 days of receipt.
  • Withdrawals from a Traditional IRA must begin by age 70 1/2, but may begin as early as 59 1/2 without IRS penalties.  
  • Contributions may be withdrawn from a Roth IRA at any time; earnings may be subject to tax and penalty if withdrawn before 59 1/2. 
  • Additional catch up contributions of $1,000.00 for members age 50 and up.

Club Accounts

Vacation, Christmas & All Purpose Clubs 

DESCRIPTION: 

  • A savings account which helps you budget for upcoming expenses.

QUALIFYING REQUIREMENTS: 

  • Must be a Credit Union Member.  You are eligible to become a member of Maine Family Credit Union if you reside, work, worship, attend school, or have immediate family members who reside within our field of membership of Androscoggin County. Membership is attained simply by opening a share account with a minimum deposit of $25.00.

BENEFITS: 

  • Funds deposited earn dividends from day of deposit. 
  • Insured through NCUA to $250,000 
  • No monthly service charge. 
  • Payments can be made easily through payroll deduction. 
  • Peace of mind knowing money will be there when you need it. 
  • No penalty for early withdrawal, however a new club (Vacation or Christmas only) cannot be opened until the following year. 
  • Flexible payment schedule lets you choose the amount to deposit & terms to suit your financial position. 

FEATURES:

  • Earns dividends (accrued daily & compounded monthly, paid the last day of the month after closing). 
  • Christmas Club check is deposited to your account October 1st, Vacation Club check is deposited to your account May 1st. 
  • All Purpose Clubs do not get a check, you may withdraw anytime & there is no minimum balance requirement.

Current Rates 

Youth Accounts

Monty Moose Youth Club: 

QUALIFYING REQUIREMENTS: 

  • Eligible for credit union membership. 
  • For ages 12 and under. 
  • Minimum $25 balance. 

Monty Moose Newsletter

BENEFITS: 

  • Each deposit is rewarded with "Monty Moose Dollars" which can be saved and redeemed for toys or store Gift Cards. 
  • For added fun, special events and activities for youth savers are planned throughout the year, such as quarterly newsletters, Santa and Easter Bunny visits, drawings, coloring contests, Youth Week and donating to community causes. 
  • Earns dividends. 
  • Early start to establishing good savings habits. 
  • All "Monty Moose" club members can come in on their birthday to pick up extra "Moose Bucks". 

Current Rates 

 

Wisdom Accounts

Maine Family offers special benefits for members age 60 and over.

FREE to Maine Family Federal Credit Union members age 60 and over, Wisdom Program benefits will help you save on the cost of checks, money orders, photocopies, and more.

You are automatically enrolled on your 60th birthday.  No application necessary. Just relax and enjoy the benefits.

Wisdom Newsletter

Wisdom Program Benefits:

  • One FREE box of checks or a discount of the same amount towards the check style of your choice in a 12 month period.
  • Free Photocopies
  • 50% discount on money orders
  • 10% discount on safe deposit box rental
  • .10% APY* bonus on share certificates (renewal, transfer, IRA or new) CLICK HERE for RATES
  • .10% APR** discount on loans CLICK HERE for RATES
  • Health screenings
  • Seminars

Current Rates 

*Annual Percentage Yield
** Annual Percentage Rate

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NCUA     Equal Housing Lender

Your savings federally insured to at least $250,000 by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States Government.

About Us

Contact Us
  • Address: 555 Sabattus St., Lewiston, ME 04240
  • Branch Locations
  • Phone: 207-783-2071
  • Routing #: 211287913
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