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TruChoice Federal Credit Union
TruChoice Federal Credit Union (TRUFCU) is a credit union based in Portland, Maine, United States. It serves members in York and Cumberland Cumberland ( ) is a historic county in the far North West England. It covers part of the Lake District as well as the north Pennines and Solway Firth coast. Cumberland had an administrative function from the 12th century until 1974. From 19 ... counties. Founded on January 12, 1955 as Maine Medical Center Credit Union, it had 12,066 members and approximately $119.37 million in assets as of June 2017. On July 31, 2017, the credit union opened a branch in Biddeford, Maine. In August 2017, TRUFCU was named one of the best places to work in Maine by the Maine State Council of the Society for Human Resources Management. External links US Credit Unions report References {{reflist Banks established in 1955 1955 establishments in Maine Credit unions based in Maine Companies based in Portland, Maine ... [...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 organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), 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 t ... [...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 organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), 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 t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1955 Establishments In Maine
Events January * January 3 – José Ramón Guizado becomes president of Panama. * January 17 – , the first nuclear-powered submarine, puts to sea for the first time, from Groton, Connecticut. * January 18– 20 – Battle of Yijiangshan Islands: The Chinese Communist People's Liberation Army seizes the islands from the Republic of China (Taiwan). * January 22 – In the United States, The Pentagon announces a plan to develop intercontinental ballistic missiles (ICBMs), armed with nuclear weapons. * January 23 – The Sutton Coldfield rail crash kills 17, near Birmingham, England. * January 25 – The Presidium of the Supreme Soviet of the Soviet Union announces the end of the war between the USSR and Germany, which began during World War II in 1941. * January 28 – The United States Congress authorizes President Dwight D. Eisenhower to use force to protect Formosa from the People's Republic of China. February * February 10 – The United States Seventh Fleet hel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1955
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portland Press Herald
The ''Portland Press Herald/Maine Sunday Telegram'' is a morning daily newspaper with a website that serves southern Maine and is focused on the greater metropolitan area around Portland, Maine, in the United States. Founded in 1862, its roots extend to Maine’s earliest newspapers, the ''Falmouth Gazette & Weekly Advertiser'', started in 1785, and the ''Eastern Argus'', first published in Portland in 1803. For most of the 20th century, it was the cornerstone of Guy Gannett Communications, before being sold to The Seattle Times Company in 1998. Today, it is the flagship of MaineToday Media publications, headquartered in South Portland, and is part of the state’s largest news-gathering organization, including the newspapers of the Lewiston-based Sun Media Group. History 19th century origins ''The Portland Daily Press'' was founded in June 1862 by J. T. Gilman, Joseph B. Hall, and Newell A. Foster as a new Republican paper. Its first issue, published June 23, 1862, annou ... [...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 Compa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maine Medical Center
Maine Medical Center (commonly abbreviated to ''MMC'' or contracted to ''Maine Med'') is a 700-licensed-bed teaching hospital in Portland, Maine, United States. Affiliated with Tufts University School of Medicine, it is located in the Western Promenade neighborhood. It has a staff of over 9,500. The facility is one of only three Level I Trauma Centers in Northern New England. Founded in 1874, it is the largest hospital in northern New England with 28,000 inpatient visits, about 500,000 outpatient visits, 88,000 emergency visits, and over 27,000 surgeries performed annually. MMC is structured as a non-profit, private corporation governed by volunteer trustees. Maine Medical Center is wholly owned by, and serves as the flagship hospital for, MaineHealth, a non-profit healthcare network servicing Maine and New Hampshire. History Maine Medical Center is the largest tertiary care hospital in Northern New England, serving all of Maine and parts of Vermont and New Hampshire. It is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cumberland County, Maine
Cumberland County is a county in the U.S. state of Maine. As of the 2020 census, the population was 303,069, making it the most populous county in Maine. Its county seat is Portland. Cumberland County was founded in 1760 from a portion of York County, Province of Massachusetts Bay, and named for William, Duke of Cumberland, a son of King George II. Cumberland County has the deepest and second-largest body of water in the state, Sebago Lake, which supplies tap water to most of the county. The county is the state's economic and industrial center, having the resources of the Port of Portland, the Maine Mall, and having corporate headquarters of major companies such as Fairchild Semiconductor, IDEXX Laboratories, Unum, and TD Bank. Cumberland County is part of the Portland– South Portland, ME Metropolitan Statistical Area. Geography According to the U.S. Census Bureau, the county has a total area of , of which is land and (31%) is water. Adjacent counties * Androscoggin Co ... [...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 "from ... [...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, it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portland, Maine
Portland is the largest city in the U.S. state of Maine and the seat of Cumberland County. Portland's population was 68,408 in April 2020. The Greater Portland metropolitan area is home to over half a million people, the 104th-largest metropolitan area in the United States. Portland's economy relies mostly on the service sector and tourism. The Old Port is known for its nightlife and 19th-century architecture. Marine industry plays an important role in the city's economy, with an active waterfront that supports fishing and commercial shipping. The Port of Portland is the second-largest tonnage seaport in New England. The city seal depicts a phoenix rising from ashes, a reference to recovery from four devastating fires. Portland was named after the English Isle of Portland, Dorset. In turn, the city of Portland, Oregon was named after Portland, Maine. The word ''Portland'' is derived from the Old English word ''Portlanda'', which means "land surrounding a harbor". The Greater ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investments
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
