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PeoplesChoice Credit Union
PeoplesChoice Credit Union is a state-chartered credit union headquartered in Saco, Maine and regulated under the authority of the National Credit Union Administration (NCUA). PeoplesChoice has $300 million in assets, approximately 20,000 members, and 5 branches. History St. Joseph's Credit Union was founded in 1963 by a group of parishioners from St. Joseph's Church in Biddeford, Maine. The offices for the credit union were initially located in the church's basement. In 1974, the offices were moved to a building behind the church. St. Joseph's operated there until 1984, when it purchased a building in Biddeford for its first branch office. The credit union merged with the St. Ignatius Federal Credit Union of Sanford, Maine in 1987. The credit union's membership was restricted to parishioners of the St. Ignatius and St. Joseph's churches and some select employee groups until August 2000, when they were granted a county charter from the State of Maine. The charter expanded the credi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative to credit unions and were two and a half ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1963
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Unions Based In Maine
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wells, Maine
Wells is a resort town in York County, Maine, United States. Founded in 1643, it is the third-oldest town in Maine. The population was 11,314 at the 2020 census. Wells Beach is a popular summer destination. History The Abenaki Indians called the area Webhannet, meaning "at the clear stream", a reference to the Webhannet River. Edmund Littlefield, an immigrant from the wool regions of Titchfield, England, built the first gristmill and later a woolen mill on the Webhannet River, becoming known as "The Father of Wells," where a monument commemorates his contribution. In 1622, the Plymouth Company in England awarded to Sir Ferdinando Gorges, Lord Proprietor of Maine, territory which included the Plantation of Wells. His young cousin, Thomas Gorges, acting as deputy and agent, in 1641 granted to Rev. John Wheelwright and other settlers from Exeter, New Hampshire the right to populate the land from northeast of the Ogunquit River to southwest of the Kennebunk River. Following th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
York County, Maine
York County is the southwesternmost county in the U.S. state of Maine, along the state of New Hampshire's eastern border. It is divided from Strafford County, New Hampshire, by the Salmon Falls River, and the connected tidal estuary—the Piscataqua River. York County was permanently established in 1639. It is the state's oldest county and one of the oldest in the United States. Several of Maine's earliest colonial settlements are found in the county. As of the 2020 census, its population was 211,972, making it Maine's second-most populous county. Its county seat is Alfred. York County is part of the Portland–South Portland, Maine Metropolitan Statistical Area. History 1622 patent The first patent establishing the Province of Maine was granted on August 10, 1622, to Ferdinando Gorges and John Mason by the Plymouth Council for New England, which itself had been granted a royal patent by James I to the coast of North America between the 40th and the 48th parallels ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sanford, Maine
Sanford is a city in York County, Maine, United States. The population was 21,982 in the 2020 census, making it the seventh largest municipality in the state. Situated on the Mousam River, Sanford includes the village of Springvale. The city features many lakes in wooded areas which attract campers. Sanford is part of the Portland–South Portland–Biddeford, Maine metropolitan statistical area. On November 6, 2012, Sanford voters approved a new charter to re-incorporate Sanford as a city and replace the town meeting format with a city council/mayor/strong manager form of government, along with other changes. The new charter took effect on January 1, 2013. Sanford's new charter provides that the first mayor would be appointed from the ranks of Sanford's seven city councilors and serve interim for one-year period. On January 8, 2013, Maura A. Herlihy was appointed as Sanford's first mayor. In 2014, an elected-at-large mayor took office. On November 5, 2013, Thomas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Biddeford, Maine
Biddeford is a city in York County, Maine, United States. It is the principal commercial center of York County. Its population was 22,552 at the 2020 census. The twin cities of Saco and Biddeford include the resort communities of Biddeford Pool and Fortunes Rocks. The town is the site of the University of New England and the annual La Kermesse Franco-Americaine Festival. First visited by Europeans in 1616, it is the site of one of the earliest European settlements in the United States. Biddeford is a principal population center of the Portland-South Portland-Biddeford metropolitan statistical area. History The first European to settle at Biddeford was physician Richard Vines in the winter of 1616–1617 at Winter Harbor, as he called Biddeford Pool. This 1616 landing by a European antedates the ''Mayflower'' landing in Plymouth, Massachusetts, (located 100 miles to the south) by about four years, a fact overlooked in much of New England lore. In 1630, the Plymouth Com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Credit Union Administration
The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation, which insures commercial banks and savings institutions. The NCUA is an independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions. With the backing of the full faith and credit of the U.S. government, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 124 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. Besides the Share Insurance Fund, the NCUA operates three other funds: the NCUA Operating Fund, the Central Liquidity Facility (CLF), and the Community Development Revolving Loan Fund (CDRLF). The NCUA Operating F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Dollar
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saco, Maine
Saco is a city in York County, Maine, United States. The population was 20,381 at the 2020 census. It is home to Ferry Beach State Park, Funtown Splashtown USA, Thornton Academy, as well as General Dynamics Armament Systems (also known by its former name, Saco Defense), a subsidiary of the defense contractor General Dynamics. Saco sees much tourism during summer months due to its amusement parks, Ferry Beach State Park, and proximity to Old Orchard Beach. Saco is part of the Portland– South Portland–Biddeford, Maine metropolitan statistical area. Saco's twin-city is Biddeford. History This was territory of the Abenaki tribe whose fortified village was located up the Sokokis Trail at Pequawket (now Fryeburg). There was a settlement at the mouth of the Saco river, with homes and permanent cultivation, at the time of contact with Europeans in the early 1600s. In July 1607, 500 warriors led by ''sakmow'' (Grand Chief) of the Mi'kmaq First Nations Henri Memberto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges). The card issuer (usually a bank or credit union) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards (stainless steel, gold, palladium, titanium), and a few gemstone-encrusted metal cards. A regular credit card is different from a charge card, which requires the balance to be repaid in full each month or at the end of each statement cycle. In contrast, credit cards allow the consumers to build a continuing balance of debt, subject to interest being charged. A credit car ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
