Ancorum Credit Union is a member-owned financial cooperative serving individuals who share a common bond and reside or work within its field of membership. Established to provide accessible financial services, the organization operates as a nonprofit entity whose primary purpose is to pool members’ deposits and extend loans to support personal and community financial needs. Its structure emphasizes democratic governance, with members electing a board of volunteers to oversee strategic direction and ensure accountability.
Historically, Ancorum Credit Union aligns with the broader movement of credit unions that prioritize member service and financial inclusion. The institution offers core banking products and services designed to meet everyday financial requirements, including savings accounts and loan products, while maintaining a focus on prudent management and regulatory compliance. Located at 19 Commercial Street in Portland, Maine, the credit union operates within a defined local footprint, coordinating operations through shared service arrangements and regulatory oversight to maintain safety and soundness for its members.
Better than 45% of providers in Portland
In addition to the primary service, Ancorum Credit Union also offers:
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Ancorum Credit Union is a verified financial service provider. This means we have confirmed their business information, contact details, and they have received customer reviews. You can trust this provider for your financial needs.
Find answers to common questions
Ancorum Credit Union is listed as a financial service provider in Portland, ME and must follow both state and federal regulations that apply to this type of business. As with any financial provider, you should review the agreement carefully before signing, make sure you understand all fees and repayment terms, and only use official contact details from this page or the company's own website. Avoid sharing personal or payment information with anyone who contacts you unexpectedly and, if something seems unclear, ask Ancorum Credit Union to explain the terms in writing before you proceed.
To improve your chances of getting better terms from Ancorum Credit Union, be prepared with accurate information about your income, existing debts, and the amount you really need to borrow. If possible, check your credit history in advance, avoid late payments on other accounts, and consider offering collateral if the product allows it, as stronger overall finances can help you qualify for more favorable rates or fees. It's also a good idea to compare Ancorum Credit Union with other providers in Portland and to ask directly about any current promotions, loyalty benefits, or ways to reduce the total cost of your loan.
Ancorum Credit Union has a rating of 3.6, which is better than 45% of providers in Portland.
Requirements can vary by product, but for most visits you should be ready to bring a valid government-issued ID, proof of income (such as recent pay stubs or bank statements), and proof of address like a utility bill or lease. If you are applying for a title or secured loan, you may also need the vehicle title, registration, and insurance details, along with any other documents Ancorum Credit Union requests. It is always best to call ahead using the phone number on this page so Ancorum Credit Union can confirm exactly which documents you need for your specific situation.
In addition to its primary service, Ancorum Credit Union also offers: Credit union, ATM, Financial planner, Non-profit organization.