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Overview / Commentary
229 Dirigo Dr
Brewer, ME 04412-1665

Brewer Credit Union is headquartered in Brewer and is the 42nd largest credit union in the state of Maine. It is also the 2,331st largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 20 employees and 7,817 members. Brewer Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in the City of Brewer or the towns of Clifton, Dedham, Eddington, Holden or Orrington. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Brewer Credit Union has a low asset base.

Texas Ratio


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 Brewer Credit Union had $618,000 in non-current loans and owned real-estate with $4.98 million in equity and loan loss allowances on hand to cover it. This gives Brewer Credit Union a Texas Ratio of 12.41% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Brewer Credit Union experienced no significant changes from 9.86% as of March 31, 2013 to 12.41% as of March 31, 2014, resulting in a negative change of 25.87%. This indicates that the balance sheet and financial strength for Brewer Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Brewer Credit Union has decreased its total deposits by $-163,000, resulting in -0.37% 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 Brewer Credit Union has shown is average.



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. Brewer Credit Union has $48.72 million in assets with $4.98 million in equity, resulting in a capitalization level of 10.22%, which is above average.

Institution Statistics

NCUA #13682
Year Chartered1960
Primary Regulator
Assets and Liabilities
Assets$48.72 million
Loans$35.15 million
Deposits$43.77 million
Equity Capital$4.83 million
Loan Loss Allowance$148,000
Unbacked Noncurrent Loans$618,000
Real Estate Owned$0
Historic Data - March 2013
Assets$48.56 million
Equity Capital$4.58 million
Loan Loss Allowance$183,000
Unbacked Noncurrent Loans$618,000
Real Estate Owned$42,000
Profit Margin - Quarterly
Net Interest Margin1.39%
Return on Assets0.4%
Return on Equity4.06%
Interest Income$544,000
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Brewer Credit Union Savings Account Rates

0.25%$50k-Traditional IRA Share Account
0.25%$50k-Roth IRA Share Account
0.10%$25-Share Savings Account
0.10%$25-Club Account

Brewer Credit Union Money Market Rates

0.25%$50k-Money Manager Account

Brewer Credit Union CD Rates

1.41%$500-60 Month Share Certificate
1.06%$500-48 Month Share Certificate
0.80%$500-36 Month Share Certificate
0.50%$500-24 Month Share Certificate
0.40%$500-18 Month Share Certificate
0.30%$500-12 Month Share Certificate
0.20%$500-6 Month Share Certificate

Brewer Credit Union IRA Rates

1.41%$500-60 Month IRA Share Certificate
1.06%$500-48 Month IRA Share Certificate
0.80%$500-36 Month IRA Share Certificate
0.50%$500-24 Month IRA Share Certificate
0.40%$500-18 Month IRA Share Certificate
0.30%$500-12 Month IRA Share Certificate
0.20%$500-6 Month IRA Share Certificate

Brewer Credit Union Locations
Branch Office229 Dirigo DrBrewer, ME 04412-1665
Branch Office77 N Main StBrewer, ME 04412-2009