Maine

The Maine-based credit union's president has retired after 30 years at the institution.

The Maine-based credit union saw several successes this year despite a slip in net income.

Renee Ouellette has taken the helm as a permanent successor to UCU's previous CEO, who took a position with a bank earlier this year.

Bangor will pay $35 million in cash to gain branches in five communities.

The Brunswick, Maine-based institution can now serve the residents of Androscoggin County in addition to three other counties.

Maine Harvest Federal Credit Union, which will serve farmers and the food industry, opened this week and aims to make $12 million in loans over the next six years.

A deal to join the Illinois- and Maine-based institutions was called off because of differences that came up during the due diligence process.

The Maine-based credit union expanded a colon cancer screening service to include all forms of the disease, a move that has helped keep staff healthy.

With its CEO planning to retire, Penobscot County Federal Credit Union has agreed to merge with The County FCU.

The Unity, Maine-based institution, which should open in the fall, will provide member business loans and other products to local farmers.

Sen. Susan Collins stopped by the Maine Credit Union League while other institutions supported local teachers and charities.

Once the merger between Infinity FCU and Vibrant CU is completed, the combined institution will have 17 branches across five states.

The Scarborough, Maine-based credit union also posted a more than 4 percent uptick in membership.

Credit unions haven't dipped into subprime lending as much as other lenders, which has helped protect the industry – but there could still be major speed bumps ahead.

Northeast Bancorp also expects the move to make it more efficient.

The Maine-based institution will convert to the CU*BASE platform during the first quarter of next year.

The credit union's organizers believe there is a funding gap in the state for agriculture — and they want to fill the void.

Organizers of the credit union believe there is a funding gap in the state for agriculture and want to fill the void.

Russell Cole will take the helm at CUSO Home Lending, succeeding John Reed, who is retiring from the position.

Once a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis.