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January 7, 2019
19 on '19

Banking: Growth in the forecast at Maine's largest credit union

Photo / Courtesy Town & Country Federal Credit Union
Photo / Courtesy Town & Country Federal Credit Union
David Libby, president and CEO of Town & Country Federal Credit Union

Town & Country Federal Credit Union, Maine's largest credit union with 38,800 members as of Nov. 30, is poised for further growth this year.

That's the readout from President and CEO David Libby, named an industry "rock star" last year by Credit Union Magazine.

The $385 million-asset credit union, which has its main office and a branch in South Portland and other branches in Portland, Saco and Scarborough, employs 122 people, including 25 new hires in 2018.

Libby says he expects to add 25 to 30 employees in 2019 — including executives and lending specialists — and says that finding talent hasn't been a problem, which he attributes to the firm's supportive culture around "family and fun."

He finds Portland's economic and population boom to be good for business, and expects the credit union to continue attracting younger members, who tend to be more mobile and in need of loans to buy cars and outfit their apartments.

Asked about the possibility of opening additional branches in southern Maine or elsewhere, Libby doesn't rule anything out, saying: "We're always exploring other opportunities."

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