Credit union breaks ground for new Old Town branch

Posted Sept. 26, 2013, at 3:17 p.m.

OLD TOWN — With a groundbreaking ceremony held Sept. 19 in Old Town, Maine Savings Federal Credit Union started construction of a 3,500-square-foot branch at the intersection of College and Stillwater avenues, the site of a former Kentucky Fried Chicken. The building should be operational next June.

The location places the new branch in close proximity to the University of Maine. “Maine Savings has always had strong ties to the University of Maine community,” said John Reed, the credit union’s president and CEO, in a press release.

“Many of our members are students, faculty or alumni, and we’ve worked hard to be involved with the university on many levels” by “supporting athletics, participating in events and supporting academic programs,” he said.

According to Reed, services such as online banking, mobile banking, shared branching and the Surf ATM network meant that Maine Savings FCU was always easily accessible university-affiliated members.

“But we’ve always believed that a physical branch location near [the UMaine] campus would serve our members even better,” he said in the press release.

The Old Town branch is designed around the dialog banking concept, according to the press release. This concept features digital dialog towers and other changes compared to traditional teller-line banking.

The branch also will offer a coffee lounge where credit union members can access free wifi.

Headquartered at 101 Western Avenue in Hampden, Maine Savings FCU also has branches in Bangor, Brewer, Corinth, Ellsworth, Milo and Vassalboro and at The Jackson Laboratory in Bar Harbor.

For information about Maine Savings Federal Credit Union, log go to

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