Member Updates

New Chief Operations Officer Kim Turner

Maine Savings Federal Credit Union is proud and excited to announce that Kim Turner has accepted the position of Chief Operations Officer as of February 14, 2022. She brings to Maine Savings more than 20 years of experience in the financial industry, all of which were either directly in or adjacent to credit unions.

Turner's journey to Maine Savings began in her sophomore year of high school when she began working part time for Rainbow Federal Credit Union (now Dirigo Federal Credit Union). She later spent several years with Synergent, a credit union-owned FinTech company located in Westbrook that provides a number of key technology and marketing services to credit unions. Most recently she was the President and CEO of Otis Federal Credit Union where she initially started working in 2013 as their Vice President of Operations and Compliance.

"Credit unions are in my blood; I live by their purpose to serve people of all financial means, and I am so happy to be part of the Maine Savings family,” said Turner. "The opportunity to work here came at just the right time in my professional career."

President Vanessa Madore, who until the addition of Turner was also the acting Chief Operations Officer at Maine Savings, is thrilled to have the opportunity to work alongside Kim. "We are blessed, honored and delighted to have Kim join the Maine Savings family," said Madore. "Kim’s professional experience and knowledge are extraordinary. Her passion for credit unions is inspiring. Kim’s leadership style embodies integrity, compassion, positivity and transparency, all of which complement our culture.”

Helping Hand Loan

Life can sometimes throw unexpected expenses your way – now more than ever it seems. With the cost of gasoline, heating costs and groceries on the rise, it’s even harder to pay nor the unexpected costs from an emergency like auto repairs or medical bills.

To support our members with these unpredictable events, we have created the Helping Hand Loan.

  • Borrow up to $2,500
  • Interest rate of 1.99% APR
  • Repayment terms of up to 12 months

*Term of 12 months; estimated monthly payment of $84.24 per $1,000 borrowed. The APR (Annual Percentage Rate) is the Credit Union’s special rate for this product. Automatic payments are required. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice.

Scholarship Applications Due April 22

Maine Savings offers ten $1,000 scholarships to members who are college-bound graduating seniors. If you are awarded a scholarship, it will be applied to your second semester of college.

You must be a Maine Savings Member to apply. If you are not currently a member, there are a couple of ways you can join: apply online, call, or visit any of our branch locations.

Each high school listed chooses its own scholarship winner: Bangor High School, Brewer High School, Central High School, Ellsworth High School, Hampden Academy, John Bapst Memorial High School, Old Town High School, and Penquis Valley High School. For members from other high schools, a committee from Maine Savings will select two at-large winners.