The Quarterly Newsletter - Winter 2025
CCFCU Announces $26,625 Raised for Ending Hunger in 2024!
CCFCU Employees volunteering at the 6th Annual Bag Toss Event (l to r): Carrie Dyer, Ryan Grund, Deb Martin, Kim Parker, Michelle Sparks, Jen Richards, Amy Sithavady, and Matthew Ashmore.
Thanks to the incredible generosity of our members, vendors, and staff, we have successfully raised $26,625 to support the Maine Credit Union Ending Hunger Campaign in 2024. This achievement highlights the power of collective effort, with contributions generated through a variety of engaging fundraising activities:
September Calendar Fundraiser - $3500
1st Annual Pickleball Tournament - $6375
6th Annual Bag Toss Tournament - $7840
October Employee Dress Down Month (w/matched funds) - $3150
November & December Employee Dress Down Weeks - $750
“These events are a true testament to the spirit of giving and teamwork,” said Scott Harriman, President & CEO. “Every dollar raised stays in our local communities and will make a meaningful difference in those communities.” CCFCU extends a heartfelt thanks to all participants, sponsors, and volunteers who made these fundraising efforts a success. Contributions to Maine CUs’ Campaign for Ending Hunger can be made anytime at any credit union branch or online at https://campaignforendinghunger.org/myccfcu/. Since 1990, the Maine Credit Unions’ Campaign for Ending Hunger has raised over $12 million, with 100% of all funds raised staying in Maine.
President’s Message
Dear Members,
As 2024 draws to a close, I want to take a moment to reflect on the year we’ve shared. At CCFCU, our commitment to serving you—our valued members—has been our guiding light throughout the year.
Financially 2024 will be a strong year for Cumberland County FCU. Asset and loan growth will be approximately 5%, both very healthy numbers. We paid over $10.5 million in dividends to members, the largest in our history. Return on assets for 2024 is a healthy 75bps, increasing CCFCU’s capital by $3.3 million. Our capital will end the year at a well-capitalized level of 9.30%.
Our credit union exists because of you, and your trust drives everything we do. As we step into the new year, we reaffirm our dedication to helping you achieve your financial dreams while building a brighter future for all.
We thank you for your business. From all of us here at CCFCU, we wish you and your loved ones a prosperous New Year.
Scott Harriman, President & CEO
Why You Should Get Your Auto Loan with a Credit Union
When it comes to financing an auto loan, choosing a credit union offers several advantages over traditional banks or online lenders. Credit unions, being member-owned, prioritize your needs, which often results in more favorable loan terms and better customer service.
One of the biggest benefits is we usually have lower interest rates. Credit unions typically offer more competitive rates than banks because we operate on a not-for-profit basis and pass savings back to you. This can save you money over the life of the loan, reducing your monthly payments or allowing you to pay off the loan faster.
In addition to better rates, credit unions often offer more flexible loan terms. Whether you’re looking for a longer repayment period or a custom payment schedule, credit unions are more likely to work with you to find a solution that fits your budget. Another advantage is the personalized service. We focus on building relationships with our members, meaning you’ll likely receive more attention and guidance throughout the loan process.
In the market for a new vehicle? Give us a call and talk to one of our loan officers or check out our website to learn more and apply online. It’s quick and easy!
Changes to the Contact Center Hours Reminder
Beginning January 4, 2025, our Contact Call Center will be closed on Saturdays. This change is being made due to a significant decrease in call volume on Saturdays over the past couple years and will allow us to better allocate staff and resources to enhance service during our peak times.
To better accommodate your needs, we do offer extended hours on Thursdays and Fridays until 5:30 PM. Our business hours are as follows:
Mondays, Tuesdays, and Wednesdays: 8:30 AM – 4:30 PM
Thursdays and Fridays: 8:30 AM – 5:30 PM
Rest assured, we are here to assist you during our business hours whether you visit us in-person at our branches or reach out to us by phone. For support outside of our regular hours, please use the following resources:
Debit Card Assistance: For help with debit cards after hours or on weekends, call our After-Hours Debit Card Support at 1-833-999-1097.
Credit Card Services: For credit card activations or to report a lost or stolen card, please reach out to 1-800-543-5073.
You can also email us at service@myccfcu.com. Any phone, text, or email inquiries received outside of our business hours will be addressed on the next business day. We appreciate your understanding and continued support as a member of CCFCU. Thank you for being a valued part of our community!
