Business Details
50+ Years
experience
Your Trusted Financial Partner in Maine
Acadia Federal Credit Union has been a member-owned financial institution since 1963, dedicated to delivering innovative financial solutions and personalized service across Aroostook, Hancock, Penobscot, Piscataquis, and Washington counties. Our mission centers on creating exceptional experiences to enrich members' lives through meaningful connections and community investment. With over $388 million in assets and 17,000 members, we maintain a strong commitment to local communities while earning recognition as one of Maine's Best Places to Work for three consecutive years. Our team of professionals combines deep industry expertise with a culture of volunteerism, contributing over 1,000 annual community service hours.We offer a comprehensive range of financial products including home loans, auto loans, business real estate financing, and share certificates, all supported by advanced digital banking tools. Our SBA Preferred Lender status and FAME guaranteed loan programs demonstrate our specialized expertise in small business financing. Backed by NCUA insurance and governed by a volunteer board of directors, we maintain strict adherence to financial regulations while prioritizing member satisfaction through transparent practices and personalized support.
Services
Home Loans
Auto Loans
Personal Loans
Business Loans
Share Certificates
Mortgage Loans
Debt Protection
Digital Banking
Financial Counseling
Credit Monitoring
Details
- Year established: 1963
Highlights and features
- 60+ years of serving Maine communities with member-focused financial solutions
- SBA Preferred Lender status for specialized small business financing
- Award-winning workplace culture with 1,000+ annual volunteer hours
- NCUA-insured accounts with competitive rates on loans and savings
- Locally-based decision-making and personalized service approach
Associations and certifications
- NCUA
- SBA Preferred Lender
- FAME Guaranteed Loans
What people say
Exceptional service
Fast loan approvals
Knowledgeable staff
Competitive rates
Personalized approach
Services
Home Loans
We offer comprehensive home loan solutions including conventional mortgages, land loans, and HELOCs with competitive rates. Our local underwriting process enables faster approvals and personalized service. Borrowers benefit from flexible payment options and no prepayment penalties, with special promotions like our current 3.99% APR HELOC offer.
Auto Loans
Our auto loan program provides financing for both new and used vehicles with terms up to 7 years. Competitive rates start at 6.75% APR, with pre-qualification options available. We offer specialized financing for tractors and powersports equipment, plus optional protection plans to safeguard your investment.
Business Loans
Designed for Maine businesses, our real estate loans offer terms up to 15 years with construction financing options. As an SBA Preferred Lender, we provide specialized small business loan programs including FAME guaranteed loans. Our local decision-making enables faster approvals and customized solutions for business expansion.
Share Certificates
Our share certificates offer guaranteed returns with terms from 6 months to 5 years. Minimum deposits start at $500 with competitive APYs. We provide automatic maturity notices and flexible options for joint ownership, making these NCUA-insured accounts ideal for secure savings growth.
Personal Loans
Unsecured personal loans up to $15,000 with terms up to 5 years. Competitive APRs based on credit quality with no application fees. Funds available for debt consolidation, home improvements, or major purchases, with optional debt protection plans available.
People
Joey Cannan
President & CEO
Joey Cannan leads Acadia Federal Credit Union with over 25 years of financial services experience, focusing on member-centric growth and community development.
Erica Albert
Executive Vice President & CFO
Erica Albert oversees financial operations with expertise in strategic financial planning and regulatory compliance for the credit union's $388M asset base.
Charles Pelletier
VP of Information Technology
Ryan Pelletier leads technology initiatives, implementing advanced digital banking solutions and cybersecurity measures to protect member data and enhance service delivery.
Karen Daigle
VP of Operations
Karen Daigle manages daily operations across eight branches, ensuring efficient service delivery while maintaining the credit union's commitment to personalized member experiences.
Kate Vaillancourt
Certified Credit Union Financial Counselor
Kate Vaillancourt provides expert financial counseling services, helping members improve credit health and achieve long-term financial stability through personalized guidance.
Questions
What are Acadia FCU's mortgage loan options?
We offer conventional mortgages, land loans, HELOCs, and home equity loans with terms up to 30 years. Current promotions include a 3.99% APR HELOC through October 2025.
How do I qualify for business real estate financing?
Applicants need three years of tax returns and property documentation. As an SBA Preferred Lender, we offer flexible terms up to 15 years with construction financing options.
What personal loan amounts are available?
Unsecured personal loans range from $5,000 to $15,000 with terms up to 5 years. Rates depend on credit quality with no application fees.
Are there early withdrawal penalties on share certificates?
Yes, penalties apply: 6 months' dividends for terms 12 months or less, and 9 months' dividends for longer terms.
How quickly are loan applications processed?
Most applications receive a response within 24 hours. Business loans often get approved within 48 hours through our local underwriting process.
What auto financing options do you offer?
We finance new and used vehicles, tractors, and powersports equipment with terms up to 84 months. APRs start at 6.75% with optional protection plans.
Videos
