CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • COVID-19
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » Maine CU lends a helping paw
Policy & Issues

Maine CU lends a helping paw

August 16, 2019

Town & Country FCU, South Portland, Maine, now offers pet loans. Town & Country FCU announced that their loan department is accepting loan applications to cover expenses accrued from medical procedures, emergencies, or vet visits for its members' four-legged companions. Since its launch, more than a dozen members have made inquiries into the loan with amounts averaging above $1,000 at an interest rate of 6.99%. 

Town & Country FCU President/CEO, David Libby, told Mainebiz that residents in Maine have, "a high level of pet ownership," and that his own staff have difficulty covering medical expenses and emergency veterinary visits. "People enjoy their pets, and I'm sure it is going to continue to get more expensive to own a pet." Libby is a proud owner of a labradoodle.

Given that Maine is the second state to have the highest number of households with cats, and among the top twenty-five in dog ownership, Town & Country jumped on the initiative.

Libby noted the loans are also available to cover pet adoption fees. Town & Country FCU recently signed on to sponsor 'Ales for Trails', a dog-friendly beer festival organized by the Animal Refuge League of Greater Portland on Aug. 24. 

"We hope people look to us for solutions and look at all the other services we offer at outstanding and extremely competitive pricing,” explained Libby. "Hopefully someone will give us a better look and bring their business to us."

Credit Union Magazine - Winter 2020

Winter 2020

Credit Union Magazine’s Winter 2020 edition features CUNA’s 2021 lending outlook, CEO insights on adjusting to the pandemic, and board recruitment strategies.
Digital Edition •  Subscribe

Trending

  • Compliance: 2020 Year in Review, Checklist now available

  • NCUA proposes raising threshold for ‘complex’ CUs

  • NCUA’s 2021 supervisory priorities reflect COVID effects

Tweets by CUNA_News

Polls

Will you ask employees to receive the coronavirus vaccine?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites
  • Privacy Policy

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors