Taconnet credit union merges with New Dimensions

Taconnet Federal Credit Union has merged with New Dimensions Federal Credit Union, effective April 1, according to a news release from New Dimensions.

Members of both credit unions now have access to four branch locations in Waterville, Winslow, Augusta and Skowhegan, as well as additional free ATMs. Additionally, New Dimensions said it now is able to offer more competitive rates and fees, which over time will allow operational efficiencies.

New Dimensions, which attained a record asset size in 2017, has bought land on Silver Street in Waterville, on which it plans to begin building a facility that will provide better visibility and access to the community. The new building will be slightly smaller than the current Grove Street location, as it will house the teller line and loan departments. The current site will remain as an operation center for back-office functions.

New Dimensions hires Augusta credit union branch manager

AUGUSTA — New Dimensions Federal Credit Union hired a branch manager for its Augusta location, according to a news release from the credit union.

Sara Bangs Fifield came on board in March with 19 years of experience in the financial industry. Fifield previously worked for another financial institution in the Augusta area and has an extensive background in lending and management.

Fifield, an alumna of Cony High School, lives in Chelsea with her husband, Ryan, and their three sons.

Modern Woodmen says it donated $887,668 in 2017

Organizations and residents in Maine benefited from $887,668 in contributions from Modern Woodmen of America and its local community partnerships in 2017, according to recently released year-end results from the fraternal financial services organization.

The money supported social, educational, volunteer and fundraising activities in the region.

The contribution includes $708,580 raised through Modern Woodmen’s Matching Fund Program, in which local Modern Woodmen chapters and youth service clubs partner with community groups for fundraising events. Modern Woodmen’s home office matched up to $2,500 annually for each chapter and $500 for each youth club.

Modern Woodmen members in the area are part of 61 chapters, four “summit chapters” — for members 55 and older — and 19 youth service clubs.

In 2017, local Modern Woodmen members also spent a total of 18,636 hours volunteering in Maine.

Additionally, Modern Woodmen’s financial representatives in Maine donated 162 free youth educational programs to local schools and youth organizations, educating 8,034 children about financial literacy, civics and citizenship, exercise and nutrition, ecology awareness and public speaking.

Compiled from contributed releases

Copy the Story Link