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Overview / Commentary
207-834-6167
9 E Main St
Fort Kent, ME 04743-1306

Acadia Credit Union is headquartered in Fort Kent and is the 21st largest credit union in the state of Maine. It is also the 1,306th largest credit union in the nation. It was established in 1963 and as of March of 2014, it had grown to 39 employees and 10,114 members. Acadia Credit Union has a B+ health rating.

Field of Membership Restrictions

Individuals who live, work, or worship, in Aroostook County, Maine or are related to a member are eligible for membership in the credit union. - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Acadia Credit Union had $2.58 million in non-current loans and owned real-estate with $19.38 million in equity and loan loss allowances on hand to cover it. This gives Acadia Credit Union a Texas Ratio of 13.30% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Acadia Credit Union experienced no significant changes from 11.71% as of March 31, 2013 to 13.30% as of March 31, 2014, resulting in a negative change of 13.56%. This indicates that the balance sheet and financial strength for Acadia Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Acadia Credit Union has increased its total deposits by $6.76 million, resulting in 6.81% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Acadia Credit Union has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Acadia Credit Union has $125.53 million in assets with $19.38 million in equity, resulting in a capitalization level of 15.44%, which is excellent.

Institution Statistics

Overall
NCUA #15619
Year Chartered1963
Employees39
Primary Regulator
Assets and Liabilities
Assets$125.53 million
Loans$96.30 million
Deposits$106.01 million
Equity Capital$19.26 million
Loan Loss Allowance$123,000
Unbacked Noncurrent Loans$2.42 million
Real Estate Owned$157,000
Historic Data - March 2013
Assets$118.30 million
Equity Capital$18.56 million
Loan Loss Allowance$126,000
Unbacked Noncurrent Loans$2.42 million
Real Estate Owned$121,000
Profit Margin - Quarterly
Net Interest Margin1.01%
Return on Assets0.78%
Return on Equity5.07%
Interest Income$1.21 million
Rates
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Acadia Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$1k-Super Share
0.40%--IRA Shares
0.40%--Roth IRA Shares
0.35%--Health Savings - Super Share
0.25%$25-Prime Share Savings
0.25%--Monty Moose
0.25%--Custom Select Savings
0.25%--Health Savings - Traditional
0.25%--Christmas Club

Acadia Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$300-Advantage Checking
0.10%--Free4ME Checking

Acadia Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.02%$500-5 Year Share Certificate
1.51%$500-4 Year Share Certificate
1.31%$500-3 Year Share Certificate
1.01%$500-2 Year Share Certificate
0.70%$500-18 Month Share Certificate
0.65%$500-1 Year Share Certificate
0.45%$1k-6 Month Share Certificate

Acadia Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.02%$500-5 Year IRA
1.51%$500-4 Year IRA
1.31%$500-3 Year IRA
1.01%$500-2 Year IRA
0.70%$500-18 Month IRA
0.65%$500-1 Year IRA
0.45%$1k-6 Month IRA
Locations


Acadia Credit Union Locations
Branch Office907 Main StSaint Francis, ME 04774
Branch Office90 Main StMadawaska, ME 04756-1510
Branch Office315 Main StSaint Agatha, ME 04772
Branch Office9 E Main StFort Kent, ME 04743-1306