About NorState Federal Credit Union
NorState Federal Credit Union was founded on March 9, 1941. A group of local leaders saw the need to provide financial services to the employees of Fraser Papers and took it upon themselves to serve that need. Over the seven decades that have followed, the credit union has evolved into the dynamic, full service financial institution that it is today.
From its humble beginnings in the janitor's closet at the Fraser Paper's mill in Madawaska, Maine to a multi-branch organization serving thousands of people in Aroostook and Northern Penobscot Counties, the credit union has followed a strict notion of service to its members. As peoples' needs and expectations have changed, so has the credit union in order to meet those needs and to live up to our goal of being “Your Lifelong Financial Partner.”
NorState Federal Credit is a not-for-profit financial cooperative owned by each member who belongs to the credit union. Norstate FCU has over 14,000 members and assets of $185 million along with 74 employees. In addition to its six branch locations in Madawaska, Van Buren, Eagle Lake, Ashland, Fort Kent and Presque Isle, the credit union also has 9 conveniently located ATMs, and is a participant in the Co-op Network of Shared Branching nationwide.