University Credit Union expands down east with new location at the University of Maine at Machias
ORONO, ME (August 10, 2023) — UCU has announced plans to open a location in the Down East region within Powers Hall at the University of Maine at Machias campus. With this location, UCU will be placing its fourth on-campus location within the University of Maine System, expanding to eight total locations spanning across the state, supporting both the campus and local communities with financial products, services and resources.
“Since opening our doors on the University of Maine campus more than fitiy years ago, UCU has been here for our members both on and off campus, from all across Maine,” said Renee Ouellete, President and CEO of UCU. “In addition to the membership eligibility through the UMaine affiliation, there are now a variety of ways Mainers are eligible to join UCU. This new location will provide local services for our current members in the Down East region, and invite the entire community to experience the variety of ways UCU can help them in their financial well-being.”
The location will be staffed by one of UCU’s Community Engagement Managers. UCU CEMs are banking professionals who are positive, passionate, and motivated ambassadors for UCU and the credit union philosophy of ‘people helping people.’ The engagement manager, in addition to coordinating traditional banking services on location, will be responsible for building relationships with community stakeholders to advance the financial well-being of people by hosting financial education workshops and events, volunteering, serving on nonprofit boards and commitees, and facilitating opportunities for financial sponsorship.
Located in a historic town on Maine’s Bold Coast, UMaine Machias’ campus is surrounded by premier outdoor recreation opportunities, from kayaking and fishing to mountain biking and four-wheeling. With a student-to-faculty ratio of 14:1 and an average class size of fewer than 20 students, UMaine Machias takes pride in fostering a strong sense of community and connection that begins inside the classroom and extends beyond the boundaries of campus- a dedication it shares with UCU.
“We look forward to having UCU on campus providing financial services for our students, faculty, and staff, as well as the Washington County community,” said Megan Walsh, Dean and Campus Director of the University of Maine at Machias.
Powers Hall is centrally located in downtown Machias right on U.S. Route 1 and is conveniently accessible for the community on the UMaine Machias campus and those from the surrounding area.
Construction on the UCU location in Powers Hall is scheduled to begin by July 31, 2023, for completion in the fall.
About University Credit Union (ME)
Established in 1967, UCU is an innovative, full-service financial institution dedicated to promoting financial well-being for the individuals and communities it serves. UCU is one of the largest credit unions in Maine, serving members across the state of Maine with locations in Orono, Bangor, Farmington, Gorham, Portland, Presque Isle, Machias and soon, Augusta. As a not-for-profit financial cooperative, UCU returns its profits back to members in the form of lower loan rates, higher deposit yields, lower fees, and more solutions and services. For more information visit www.ucumaine.com.
About the University of Maine
The University of Maine, founded in Orono in 1865, is the state’s land grant, sea grant and space grant university, with a regional campus at the University of Maine at Machias. UMaine is located on Marsh Island in the homeland of the Penobscot Nation. UMaine Machias is located in the homeland of the Passamaquoddy Nation. As Maine’s flagship public university, UMaine has a statewide mission of teaching, research and economic development, and community service. UMaine is the state’s public research university and a Carnegie R1 top-tier research institution. It atracts students from all 50 states and 86 countries. UMaine currently enrolls 11,571 undergraduate and graduate students, and UMaine Machias enrolls 763 undergraduates. Our students have opportunities to participate in groundbreaking research with world-class scholars. UMaine offers 77 bachelor’s degrees and six undergraduate certificates, as well as more than 100 degree programs through which students can earn doctoral or master’s degrees, professional master’s degrees, and graduate certificates. UMaine Machias offers 18 associate and bachelor’s degrees, and 14 undergraduate certificates. The university promotes environmental stewardship, with substantial efforts campuswide to conserve energy, recycle and adhere to green building standards in new construction. For more information about UMaine and UMaine Machias, visit umaine.edu and machias.edu.
