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Overview / Commentary
P.O. Box 2626
Augusta, ME 04338

Capital Area Credit Union is headquartered in Augusta and is the 51st largest credit union in the state of Maine. It is also the 3,109th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 10 employees and 3,573 members. Capital Area Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school, a business and/or other legal entities located in Kennebec, Waldo or Lincoln County, and/or a relative of a current member or reside in the same household. - 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. Capital Area 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 Capital Area Credit Union had $285,000 in non-current loans and owned real-estate with $3.26 million in equity and loan loss allowances on hand to cover it. This gives Capital Area Credit Union a Texas Ratio of 8.75% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Capital Area Credit Union increased slightly from 0.22% as of March 31, 2013 to 8.75% as of March 31, 2014, resulting in a negative change of 3,853.72%. This indicates that the balance sheet and financial strength for Capital Area Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, Capital Area Credit Union has increased its total deposits by $1.53 million, resulting in 6.86% 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 Capital Area Credit Union has shown is excellent.



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. Capital Area Credit Union has $27.15 million in assets with $3.26 million in equity, resulting in a capitalization level of 12.00%, which is excellent.

Institution Statistics

NCUA #9919
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$27.15 million
Loans$22.48 million
Deposits$23.82 million
Equity Capital$3.08 million
Loan Loss Allowance$173,000
Unbacked Noncurrent Loans$285,000
Real Estate Owned$0
Historic Data - March 2013
Assets$25.27 million
Equity Capital$2.60 million
Loan Loss Allowance$114,000
Unbacked Noncurrent Loans$285,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.41%
Return on Assets1.52%
Return on Equity13.36%
Interest Income$366,000

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Capital Area Credit Union Locations
Branch Office2010 N Belfast aveAugusta, ME 04330