About
For over 65 years, we have proudly served our members and community. When you become a part of the New Dimensions family, you ’ll enjoy personalized service, and the benefit of being part of our local community.
Our Story
From our humble beginnings…. New Dimensions FCU began in 1956 and was known then as Notre Dame Waterville Federal Credit Union. Our mission was simple – to provide excellent financial services to members of Notre Dame Church in Waterville. Our charter was comprised of members of the parish of Notre Dame Church and on August 27, 1956, we began operating out of a corridor at the Notre Dame School on Water Street from 6:00 p.m. to 8:00 p.m. on Friday and Saturday.
Our first employee, Earl Rancourt, (who later became President/CEO) renovated his basement to house the operations from 1963 to 1973. In 1973, as membership grew, the Notre Dame Waterville Federal Credit Union purchased and renovated a former homestead at 5 Kimball Street located nearby. Finally, in 1987, we opened the doors to the location we held for 33 years at 61 Grove Street. In 2011, we expanded further, by including a branch located at 72 Cony Street in Augusta. The new branch offered members living and working in the Augusta area a second location to better serve their financial needs. In 2018, we merged with Taconnet FCU–this merger created an even stronger membership and two additional branches were added, one in Skowhegan and the other in Winslow, to serve our members located in Kennebec and Somerset counties. In mid-2020, we opened our new main office at 94 Silver Street, a location that replaced the 61 Grove Street branch location. Our exponential growth warranted more space and that created the opportunity to build a credit union that would better serve our members and leaves room for even more growth.
NDFCU has spent over 60 years working to develop individual relationships with our members. These special relationships enable us to offer creative solutions and products that are not only relevant but uniquely geared to each person’s financial needs. We are humbled every day by the loyalty and opportunity given by our members to furnish the financial strategies and products that enhance their lifestyles.
What is a Credit Union?
“Not For Profit, not for Charity, but for Service” – Elmer L. Bloom
A credit union is a co-operative financial institution owned and run by its members, who pool their funds in order to make affordable loans to each other. Its purpose isn’t to donate charity to the needy, but to help all sorts of people help themselves. Unlike a bank, a credit union is not run for profit, but as a service to the community.