Oxford Federal Credit Union

Testimonial - Refinance

Ask anyone who's made a habit of saving, and they'll be glad to tell you how exciting it is to watch a savings account grow. The concept of compounding interest is responsible for countless "dreams come true." Save with Oxford Federal Credit Union. We offer a variety of plans with competitive rates just right for you!

Share (Savings)
Opening a Share account is the key to membership at Oxford Federal Credit Union. Deposit and maintain a balance of $5 or more, and you become a shareholder in YOUR credit union. There are no monthly or annual fees, and your share account pays a dividend that is compounded monthly for active accounts.

Excess Share Insurance is now available to Oxford Federal Credit Union members, insuring share accounts up to $500,000.00, the highest combination of federal/private share insurance available to consumers.

This coverage is a combination of $250,000.00 per member provided by the National Credit Union Administration, an agency of the federal government, and $250,000.00 per member provided by the Excess Share Insurance Corporation (ESI), a licensed property and casualty insurer. And because Individual Retirement Accounts (IRAs) are insured separately, your share and retirement accounts at the credit union could have combined federal/private coverage of $1,000,000.00.

ESI coverage is available to credit unions meeting strict underwriting criteria, which reflects the credit unions commitment to safety and security.

This increased level of deposit insurance is available at no cost to our members.

Money Market

The minimum balance required for a Money Market account is $2,500.00 and features

A higher yield than regular share accounts
No restrictions on number of deposits
$50 minimum deposits
Deposits can be made by payroll deduction or automatic transfer
No early withdrawal penalties
Three withdrawals a month
Check our rates

Individual Retirement Accounts

An IRA Share Certificates may be opened for as little as $500.00. Deposits may be made through payroll deduction on a regular basis for IRA Share Certificates. An IRA Share Certificate is offered for terms between three months to five years. Dividends are accrued daily and compounded monthly on the last day of the month. Many traditional IRA contributions are fully tax-deductible. Even if only part of your contribution is tax-deductible, earnings are tax-deferred until withdrawal. Consult with your tax advisor about the benefits of IRA accounts.

Oxford Federal Credit Union offers Traditional, Educational, Roth, and SEP IRA options that earn attractive dividends and may have tax advantages.

Club Accounts
Oxford Federal Credit Union can open your Holiday Club, Tax Club, Vacation Club, or a Club Account of your choice. This is the easy way to save ahead for that special something. And your club account earns interest while you save!

Mexico Office:
225 River Road
PO BOX 252
Mexico, Maine 04257
Phone: 207.369.9976
Fax: 207.364.8962

Norway Office:
54 Fair Street
Norway, Maine 04268
Phone: 207.743.2638
Fax: 207.743.7138

Email: oxford@ofcu.org
Toll-free: 800.991.9219