Type Credit union Key people Luke Labbe, President Headquarters Biddeford | Industry Financial services Total assets $135M USD Founded 1963 | |
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Products Savings; checking; consumer loans; mortgages; credit cards Website peopleschoicecreditunion.com Profiles | ||
PeoplesChoice Credit Union is a state-chartered credit union headquartered in Biddeford, Maine and regulated under the authority of the National Credit Union Administration (NCUA). PeoplesChoice has $135 million in assets, approximately 13,500 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 credit union's field of membership to anyone who works, lives, or attends school in York County, Maine. Come 2001, Sprague Sanford Federal Credit Union was merged with St. Joseph's. A year later, the credit union opened an office in Wells, Maine.
On February 1, 2006, St. Joseph's changed its name to PeoplesChoice Credit Union. The credit union apologized in 2007 after printing an anti-semitic ad in the Portland Press Herald. In 2008, PeoplesChoice initiated a series of financial education workshops for the general public covering topics such as budgeting, loans, and mortgages.