About Us



Saco Valley Credit Union is a full-service banking provider. Offering checking, savings, auto loans, mortgages, home equities, credit cards and more, SVCU puts people before profits with the following mission:

We care [about you]. We care [about your financial success]. We care.

While our mission as a credit union is to care, SVCU employees strive to adhere to the following Core Values: Community, Accountability, Respect, Empowerment, & Sustainability. In short, CARES.

Mom with Kids by the Dock

Core Values


We will be engaged in our communities, with focus on service and volunteerism. 


We will take ownership of our words and actions. 


We will treat others with respect, regardless of the situation


We will encourage others to go above and beyond and exceed expectations, pursue opportunities for growth, and show initiative. 


We will strive to not only make a positive impact on the planet and work to reduce our carbon footprint, but have a positive impact on the local environment, community, society, and economy.


Our History

Planning a photo of a mountain landscape

Saco Valley Federal Credit Union was chartered as a Federal Credit Union on February 5, 1947. The Credit Union was founded by the employees of Saco-Lowell Shops for the benefit of their employees and members of their immediate families and organizations of such persons.  Several small industrial groups were added to the Field of Membership over the next 48 years.

On December 8, 1997, Saco Valley Credit Union was approved for the change from a federal to a state charter, and expanded its field of membership to include individuals living or working in the communities of Buxton, West Buxton, Dayton, Hollis, South Hollis, Lyman, Saco, Waterboro and North Waterboro, Maine; and members of the immediate families of such individuals.  Then, on September 16, 1999, the State of Maine Department of Professional and Financial Regulation Bureau of Banking approved the addition of the communities of Biddeford and Old Orchard Beach, Maine into our field of membership.

African American Couple at the Table

On December 5, 1999, Saco Valley Credit Union merged with Nissen Employees Federal Credit Union. This merger added the employees and family members of Interstate Brands Corporation to our field of membership. On February 7, 2006, the Maine Bureau of Financial Institutions approved the expansion of Saco Valley Credit Union’s field of membership to include individuals who live, work, worship or attend school in York County or Cumberland County; and immediate family members, organizations, and associations of all such individuals.

Group Hands

Saco Valley Credit Union has seen tremendous growth over the years in membership, assets, and personnel. We have grown to serve over 9,000 members at 312 Main Street in Saco,  500 Main Street in Saco and 860 Main Street in Waterboro.