Despite challenging economic times, nearly 630,000 Mainers continue to celebrate the savings that come with being a Maine credit union member.

A study conducted by a highly-respected former state economist, on the economic impact and benefit that Maine’s credit unions provide to consumers found that, despite the significant economic challenges and rate environment, Maine consumers saved nearly $38 million by using a Maine credit union in 2011. Credit unions have continued to mean big savings for Mainers, as it was recently found that Maine credit unions saved loyal members $1,253 per household in 2012.

Maine Credit Union League President John Murphy said that the great efforts made to continually offer such savings make credit unions an increasingly valuable option for Maine people.

“The credit union philosophy of putting the interests of members first continues to highlight the difference between credit unions and other financial institutions. Credit unions are owned and governed by their members, so all members benefit from better rates and lower and fewer fees. That is a key and distinct difference of credit unions.”

To find a credit union near you, visit www.mainecreditunions.org.

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