On August 14, NCUA granted a federal charter and Share Insurance Fund coverage to Maine Harvest Federal Credit Union. The credit union is one of only two new credit unions in the country to be chartered this year.
“It is an exciting time for the credit union movement here in Maine,” said Todd Mason, President/CEO of the Maine Credit Union League. “Our state has deep agricultural roots and I am pleased we can serve as the home to the nation’s first credit union dedicated to food producers and farmers. I congratulate Maine Harvest on receiving their federal charter from NCUA and applaud their team on this accomplishment. Those involved have worked tirelessly on this effort and I’m pleased Maine Harvest is now one step closer to being operational.”
Maine Harvest will serve approximately 13,000 members and employees of the Maine Organic Farmers and Gardeners Association and the Maine Farmland Trust. The credit union, which will be headquartered in Unity, is expected to be fully operational in the fall.
“How appropriate that this credit union is located in a town named Unity,” said NCUA Chairman Rodney E. Hood. “Credit unions are organized through, and operate on, the principle of people working together to support one another. I want to thank the organizers of Maine Harvest for their hard work to bring their dream to reality and congratulate them on their charter.”