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Overview / Commentary
207-783-2096
144 Pine St
Lewiston, ME 04240

Community CU (ME) is headquartered in LEWISTON and is the 45th largest credit union in the state of Maine. It is also the 2,419st largest credit union in the nation. It was established in 1945 and as of December of 2013, it had grown to 23 employees and 8,356 members. Community CU (ME) has a C+ health rating.

Field of Membership Restrictions

Must live, work or attend school in Androscoggin County. - See Details

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Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Community CU (ME) has a low asset base.

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 Community CU (ME) had $834,000 in non-current loans and owned real-estate with $5.11 million in equity and loan loss allowances on hand to cover it. This gives Community CU (ME) a Texas Ratio of 16.33% 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 Community CU (ME) experienced no significant changes from 11.65% as of December 31, 2012 to 16.33% as of December 31, 2013, resulting in a negative change of 40.13%. This indicates that the balance sheet and financial strength for Community CU (ME) has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Community CU (ME) has increased its total deposits by $1.13 million, resulting in 2.98% 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 Community CU (ME) has shown is above average.

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. Community CU (ME) has $44.39 million in assets with $5.11 million in equity, resulting in a capitalization level of 11.51%, which is excellent.

Institution Statistics

Overall
NCUA #63447
Year Chartered1945
Employees23
Primary Regulator
Assets and Liabilities
Assets$44.39 million
Loans$31.66 million
Deposits$39.10 million
Equity Capital$4.98 million
Loan Loss Allowance$129,000
Unbacked Noncurrent Loans$834,000
Real Estate Owned$0
Historic Data - December 2012
Assets$43.10 million
Equity Capital$4.71 million
Loan Loss Allowance$136,000
Unbacked Noncurrent Loans$834,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.29%
Return on Assets0.44%
Return on Equity3.94%
Interest Income$1.85 million
Rates
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Community CU (ME) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$25-IRA Club Account
0.25%$25-Roth IRA Club Account
0.25%$25-Education IRA Club Account
0.20%$25k-Special Investment Account
0.20%$10k-Health Savings Account
0.15%$25-MatriMoney
0.10%$25-Share Account
0.10%--Vacation Club Account
0.10%--Christmas Club Account
0.10%--Flex Club Account

Community CU (ME) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$75k-Money Market Account

Community CU (ME) CD Rates

DetailsAPYMINMAXPRODUCT
1.46%$1k-5 Year Share Certificate
1.16%$1k-4 Year Share Certificate
0.95%$1k-3 Year Share Certificate
0.65%$1k-2 Year Share Certificate
0.60%$1k-15 Month Share Certificate
0.55%$1k-1 Year Share Certificate
0.45%$1k-9 Month Share Certificate
0.35%$1k-6 Month Share Certificate

Community CU (ME) IRA Rates

DetailsAPYMINMAXPRODUCT
1.46%$1k-5 Year IRA Certificate (Traditional,Roth)
1.46%$500-5 Year Education IRA Certificate
1.16%$1k-4 Year IRA Certificate (Traditional,Roth)
1.16%$500-4 Year Education IRA Certificate
0.95%$1k-3 Year IRA Certificate (Traditional,Roth)
0.95%$500-3 Year Education IRA Certificate
0.65%$1k-2 Year IRA Certificate (Traditional,Roth)
0.65%$500-2 Year Education IRA Certificate
0.60%$1k-15 Month IRA Certificate (Traditional,Roth)
0.60%$500-15 Month Education IRA Certificate
0.55%$1k-1 Year IRA Certificate (Traditional,Roth)
0.55%$500-1 Year Education IRA Certificate
0.45%$1k-9 Month IRA Certificate (Traditional,Roth)
0.45%$500-9 Month Education IRA Certificate
Locations


Community CU (ME) Locations
Branch Office40 Stanley StAuburn, ME 04210-5247
Branch Office144 Pine StLewiston, ME 04240