Trademark Federal Credit Union
Bank - Augusta, ME, US
Trademark Federal Credit Union Employees
Trademark Federal Credit Union Senior Management
Trademark Federal Credit Union Details
This Member owned, not-for-profit cooperative holds the philosophy of ‘people helping people'. In 1936, the Credit Union was formed. The country was in the midst of the Great Depression. People needed a safe and trusted place to put their money and a safe and fair place to borrow money. There were two employee groups who each started their own credit unions to fill this need. The employees of Cumberland County Power and Light, created Cumberland County Power and Light Employees Federal Credit Union (CCP&L Employees FCU for short) and the associates of Hannaford created Hannaford Associates Federal Credit Union. In 1954, CCP&L Employees FCU changed its name to Central Maine Power Employees FCU, followed by Alliance of Maine FCU in 2002. In 2010, the name changed to Trademark Federal Credit Union through a mutual merger of those two founding Credit Unions. In 2018 the Credit Union opened its charter to people who live, work, worship, attend school in, and businesses and other legal entities located in Cumberland, Sagadahoc and Kennebec counties.The Credit Unions started out with two products, a share deposit account and a loan account, typically for small personal needs. One Member would deposit money and earn a dividend and another Member borrowed that money and in turn it paid interest on that loan. This practice is still in place today, just with a lot more to offer! The people of Trademark come to work every day, excited to help people. The team loves to figure out how they can make your lives better, with more financial security. Our service focus is helping people like you every day. We are proud that instead of returning our earnings to shareholders, like a bank does, Trademark returns our earnings to you, our Members, in the form of higher savings rates, lower loan rates and avoidable fees. We take Membership and the trust Members put in us seriously. Thank you to all of you who have made this relationship a success over the past 80 years
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