186 Lower Main Street
Freeport, ME 04032
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.66% →
1-Year CD 0.55% 0.67% →
2-Year CD 0.65% 0.75% →
5-Year CD 1.00% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Midcoast is an NCUA insured institution located in Freeport, ME. It was founded in 1956 and has approximately $217.71 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 10898
Date Established 1956
Assets $217.71 million
Loans $159.81 million
Deposits $193.17 million
Capital $23.04 million

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in, and businesses, and other legal entities in Sagadahoc County, Lincoln County, Knox County or the following towns in Cumberland County, Maine: Brunswick, Harpswell, and Freeport.

Deposit Rates - April 11, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.05% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.55% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
18 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.65% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.85% $10,000 $14,999 Learn More
48 Mo CD
0.85% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
0.25% $1 $499 Learn MoreShow Less

Loan Rates - April 11, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for MIDCOAST

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
Morty, Inc.
NMLS ID: 1429243
2.706% 2.625% 0.63 $2,668 $1,005 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

To upload and update your bank's rates please register. It is free to register and add rates.



Below are Midcoast branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Midcoast Locations

Financial Details

Midcoast Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Midcoast. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Midcoast U.S. Average
2.68% 5.40

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2020, Midcoast had $632,239 in non-current loans and $2 in owned assets. To cover these potential losses it had $23,040,032 in net worth and $579,417 in loans loss reserves. That gives it a Texas Ratio of 2.68%.

Net Worth
Midcoast U.S. Average
10.58% 12.67%

Midcoast FCU has a net worth of 10.58% versus the BestCashCow average of 12.67. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Midcoast

Branches and Savings

What is Midcoast?

A federal credit union, registered with the NCUA under certificate #10898.
Learn more about credit unions here.

Is Midcoast FDIC insured?

No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Midcoast is insured by the NCUA.

Who can join Midcoast?

Please see Field of Membership information above for information on who is eligible to join.

What are Midcoast's share account and share certificate rates?

Midcoast's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Midcoast?

Midcoast has total capital of $23.04 million. Full information on Midcoast's financial position is located above.

Who owns Midcoast?

Credit Unions are owned by their members.

Where are Midcoast branches located?

See branch locations nearby.

Are Midcoast ATMs Open 24/7?

Do Midcoast ATMs accept cash deposits?

Can Midcoast customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Midcoast have a mobile app?

Does Midcoast have mobile deposit?

Does Midcoast have quick pay?

How can Midcoast transfer money to other banks or credit unions?

Does Midcoast report to credit bureaus?

Does Midcoast use Chexsystems?

Does Midcoast use Equifax?

What is Midcoast's toll free phone number?

What is Midcoast's ACH Routing Number?

What is Midcoast's SWIFT code?

Where can I find Midcoast's wire transfer form?

What is the Midcoast address for deposits?

What Products Does Midcoast Offer

Does Midcoast offer mortgages?

Compare mortgage rates here.

Does Midcoast offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Midcoast offer auto and RV loans?

Compare auto loan rates here.

Does Midcoast offer student loans or personal loans?

Compare personal loan rates here.

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