FORT KENT (July 13, 2018) – Forbes Magazine has released its first-ever list “Best Banks and Credit Unions in Every State” and Acadia Federal Credit union ranked among the top in Maine.
The publication, along with market research firm Statista, surveyed more than 25,000 U.S. customers who rated financial institutions on criteria such as trust, satisfaction, branch services, digital services, and financial advice.
Acadia Federal Credit Union, a member-owned financial institution with branches throughout northern Aroostook County and eastern Maine, was one of only four Maine financial institutions to receive this recognition, ranking at #3 in the state.
“It is a real honor and surprise to be named to the Forbes “best-in-state” banking list,” said David Desjardins, President/CEO of Acadia FCU. “Our staff and members come together on a daily basis to make our credit union the success it is. I’m proud to lead such a great organization that benefits not only our members and staff but also the local communities that we serve.”
Credit unions, which are member-owned financial cooperatives, outpaced banks with an average score of 80 versus 75.2 for banks, according to Forbes. Acadia FCU scored 84.72.
Of the four Maine financial institutions that made the Forbes “best-in-state” top rankings, three were credit unions.
“It’s great to see that, of financial institutions ranked in Maine, credit unions hold three of the four spots. In our research, we have found similar conclusions that when it comes to member satisfaction and service, the member-owned, cooperative nature of credit unions resonates with consumers,” stated Todd Mason, President/CEO of the Maine Credit Union League.
Major banks such as Chase, Bank of America and Wells Fargo were not included because they have branches in at least 15 states, according to Forbes Magazine. A total of thirteen banks, including Bank of America, Wells Fargo and Chase Bank, were excluded for that reason, as well as one credit union, Navy Federal Credit Union.
Across the U.S., 124 banks and 145 credit unions, or 2.4% of U.S. financial institutions, made the cut.
About Acadia FCU
Acadia Federal Credit Union is a member-owned financial institution, created through the merger of seven smaller community credit unions, since 1963. Acadia currently has eight branch locations, nearly 15,000 members, and assets totaling over $213 million.