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Saco Valley Credit Union
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Saco Valley Credit Union
Mobile Banking App

Free - On the App Store

About Us

  • Mission & Core Values

    We care so much we have a page dedicated to it.

    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.


    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.

  • History

    Our History

    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.

    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.

    Saco Valley Credit Union

    has seen tremendous growth over the years in membership, assets and personnel.  We have grown from a part time employee operation to a one hundred fifteen plus million dollar asset Credit Union with over twenty-five employees in a completely restored two story historical office building at 312 Main Street in Saco with branch offices located at 500 Main Street in Saco and 860 Main Street in Waterboro.

  • Field of Membership

    Field of Membership

    Membership at Saco Valley Credit Union is open to anyone who lives, works, attends school or worships in Cumberland or York County in Maine. SVCU Membership is also open to immediate family members of existing members (parents, spouse, children, siblings, grandchildren, or grandparents). Joining Saco Valley Credit Union is easy! Visit any of our convenient branch locations and become a member by opening a savings account with $25. This $25 reflects your ownership in Saco Valley Credit Union.

    As a member-owner of SVCU and any credit union, you are entitled to an equal voice in the operation of the Credit Union. Credit Unions, unlike most large banks, are governed by an unpaid, volunteer boards of directors who are elected from and by the membership of the Credit Union. Because there are no stockholders to satisfy, Saco Valley Credit Union directs their income back to their members in the form of lower fees, higher rates of return and improved products and services.

    Ready to join?

    Visit us in-branch or give us a call at 207-282-6169.

    Contact & Locations
  • Employment



    Saco Valley Credit Union takes pride in maintaining a positive work environment and is a 2019-2023 Best Place to Work in Maine. A testament to employee satisfaction is seen in the average tenure of SVCU employees. Even with recent retirements of long-serving employees, the average is still nearly 10 years. See our open positions and apply online by visiting our Career Portal here.

    Benefits of working at Saco Valley Credit Union:

    • Health & Dental
    • Short Term Disability
    • Life Insurance
    • 401(k) Plan
    • Observation of 11 holidays
    • Sick Time
    • Vacation Time
    • And more!

    Interested in joining the SVCU team?

    If there are open positions, they will be listed above.

    Interested applicants can apply by submitting an application with resume here.

    Equal Opportunity Employer