It is not easy to form a new credit union but a group of Mainers believe they have the recipe to potentially charter the first new one in the state in a quarter century.
Scott Budde, a former executive with pension fund TIAA-CREF, which primarily serves educators and health care professionals, is one of the driving forces behind the Maine Harvest Credit Project. The entity aims to serve the state's ever-expanding small farmer community.
The problem is that young farmers have no place to borrow money for land and equipment purchase, according to Budde.
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