Select Employee Groups

The financial well-being of your employees or members directly impacts your overall success. Help them boost their financial confidence through giving them access to a banking relationship that can connect them with financial products, services, and support.

A SEG is a business or organization that chooses to have a relationship with Maine Savings in order to give its employees or members (and their families) the option to join the Credit Union. Participation by employees/members is completely voluntary, and becoming a SEG does not mean you are endorsing Maine Savings over any other financial institution. Your business/organization and its employee/members are free to continue any existing relationships with other institutions.

Why SEG?

Why should your business or organization become a SEG?

It’s easy, free, and comes with no obligations! But, it easily enables your employees/members to enjoy all the benefits of membership if they choose to join Maine Savings.

Unlike most other financial institutions, credit unions do not issue stock or pay dividends to outside stockholders. We exist to serve our members, not to make a profit. Instead, earnings are returned to our members in the form of lower loan rates, higher interest on deposits, and lower fees. Maine Savings offers members a full range of financial services, including checking, savings, mortgages, and other loans, all delivered with exceptional personal service.

If you would like your business or organization to become a SEG, simply write a letter on your company letterhead declaring your desire for your business to become a SEG.

The letter must include a few things, as determined by NCUA (the federal body that regulates credit unions):

  1. A letter, or equivalent documentation, from the group requesting credit union service. The letter must indicate:
    • that the group wants to be added to the applicant federal credit union’s field of membership
    • the number of persons currently included within the group to be added and their locations; and
    • the group’s proximity to credit union’s nearest service facility.
  2. The most recent copy of the group’s charter and bylaws or equivalent documentation (for associational groups).