Maine Savings Federal Credit Union launches Maine Savings Foundation

HAMPDEN — Maine Savings Federal Credit Union is proud to announce the official launch of the Maine Savings Foundation, a new philanthropic initiative dedicated to strengthening Maine communities through strategic investment and meaningful engagement.

As part of this launch, the Foundation is introducing its first initiative: the Beyond Banking Grant Program, which will award five $5,000 grants to local organizations making a real impact in the lives of Mainers. This program is designed to support projects that align with one or more of the following focus areas: health & wellness, education, culture & Arts and social & civic services.

“We believe the most meaningful change happens at the local level — where people are deeply connected and committed to one another’s success,” said Vanessa Madore, president and CEO of Maine Savings. “The Maine Savings Foundation reflects our values in action. It’s about more than giving back — it’s about walking alongside our neighbors to build a stronger, more resilient Maine.”

“The idea for the Foundation came from a simple belief that we could do more than offer great financial services,” said John Reed, former president and CEO of Maine Savings and current Foundation board member. “We could be a true partner in shaping Maine’s future. I’m proud to see that vision come to life and to continue supporting it in this next chapter.”

The Beyond Banking Grant Program embodies the spirit of Maine Savings’ promise to go Beyond Banking — by offering more than financial services. It’s a commitment to uplift, empower and invest in the people and communities that define our state.

About the program — grant amounts: five $5,000 grants; Application period: through Oct. 6; grant recipients announced: Dec. 10; eligibility: Public charities and grassroots organizations based in Maine.

To learn more or apply, visit the official Foundation page at mainesavings.com/maine-savings-foundation/.

Founded in 2025, the Maine Savings Foundation serves as a catalyst for collective action and a steward of community investment. With a mission to improve quality of life and inspire long-term growth across Maine, the Foundation channels resources — both financial and human — into grassroots efforts that spark real, lasting change.