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Maine Family FCU is pleased to announce a significant change to its membership structure that will make joining the credit union even more accessible. Effective January 10, 2025, the par value of membership shares decreased from $25 to $5. This change underscores the credit union’s commitment to ensuring that everyone in their community has access to affordable financial services. By lowering the par value, Maine Family hopes to remove barriers for individuals and families looking to benefit from the personalized, member-focused financial solutions.
“At Maine Family FCU, our members are our priority, and we believe that reducing the membership par value is a step forward in fostering inclusivity and accessibility,” said Dan Clarke, President/CEO at Maine Family FCU. “This adjustment allows more people to take advantage of the many benefits of credit union membership, including competitive rates, lower fees, and personalized service.”
The new $5 par value will apply to all new memberships established on or after January 10, 2025. Existing members will not need to take any action as their membership shares were automatically adjusted. For more information about this change, please visit www.mainefamilyfcu.com.