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Overview / Commentary
207-834-6167
9 East Main Street
Fort Kent, ME 04743

Acadia Credit Union is headquartered in Fort Kent and is the 21st largest credit union in the state of Maine. It is also the 1,305th largest credit union in the nation. It was established in 1963 and as of December of 2013, it had grown to 37 employees and 10,093 members. Acadia Credit Union's savings rates are 92% higher than the national average, and it 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 Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Acadia Credit Union had $2.3 million in non-current loans and owned real-estate with $19.16 million in equity and loan loss allowances on hand to cover it. This gives Acadia Credit Union a Texas Ratio of 11.99% 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 12.18% as of December 31, 2012 to 11.99% as of December 31, 2013, resulting in a positive change of 1.55%.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 $6.39 million, resulting in 6.64% 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 $121.97 million in assets with $19.16 million in equity, resulting in a capitalization level of 15.71%, which is excellent.

Institution Statistics

Overall
NCUA #15619
Year Chartered1963
Employees37
Primary Regulator
Assets and Liabilities
Assets$121.97 million
Loans$96.21 million
Deposits$102.70 million
Equity Capital$19.02 million
Loan Loss Allowance$142,000
Unbacked Noncurrent Loans$2.17 million
Real Estate Owned$129,000
Historic Data - December 2012
Assets$114.81 million
Equity Capital$18.26 million
Loan Loss Allowance$140,000
Unbacked Noncurrent Loans$2.17 million
Real Estate Owned$123,000
Profit Margin - Quarterly
Net Interest Margin3.91%
Return on Assets0.61%
Return on Equity3.91%
Interest Income$4.81 million
Rates
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Acadia Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%-$5kKasasa Saver
0.40%$1k-Super Share
0.40%--IRA Shares
0.40%--Roth IRA Shares
0.40%--Coverdell ESA 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
0.10%--Kasasa Saver

Acadia Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
3.00%-$10kKasasa Cash
0.10%$300-Advantage Checking
0.10%--Free4ME Checking
0.10%--Kasasa Cash

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 (Traditional,Roth,CESA)
1.51%$500-4 Year IRA (Traditional,Roth,CESA)
1.31%$500-3 Year IRA (Traditional,Roth,CESA)
1.01%$500-2 Year IRA (Traditional,Roth,CESA)
0.70%$500-18 Month IRA (Traditional,Roth,CESA)
0.65%$500-1 Year IRA (Traditional,Roth,CESA)
0.45%$1k-6 Month IRA (Traditional,Roth,CESA)
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