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Overview / Commentary
207-878-6200
P.O. Box 777
Portland, ME 04104

Cport Credit Union is headquartered in Portland and is the 16st largest credit union in the state of Maine. It is also the 1,129th largest credit union in the nation. It was established in 1931 and as of December of 2013, it had grown to 48 employees and 14,648 members. Cport Credit Union has a A health rating.

Field of Membership Restrictions

Must live or work in Cumberland, Kennebec, York, Sagadahoc or Androscoggin County. - See Details

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 Cport Credit Union had $1.07 million in non-current loans and owned real-estate with $15.04 million in equity and loan loss allowances on hand to cover it. This gives Cport Credit Union a Texas Ratio of 7.13% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Cport Credit Union decreased dramatically from 10.97% as of December 31, 2012 to 7.13% as of December 31, 2013, resulting in a positive change of 34.98%.This indicates that the balance sheet and financial strength for Cport Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Cport Credit Union has increased its total deposits by $4.94 million, resulting in 3.82% 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 Cport Credit Union has shown is excellent.

Capitalization

GRADE:
B+

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. Cport Credit Union has $149.47 million in assets with $15.04 million in equity, resulting in a capitalization level of 10.07%, which is above average.

Institution Statistics

Overall
NCUA #63828
Year Chartered1931
Employees48
Primary Regulator
Assets and Liabilities
Assets$149.47 million
Loans$100.40 million
Deposits$134.13 million
Equity Capital$14.50 million
Loan Loss Allowance$546,000
Unbacked Noncurrent Loans$733,000
Real Estate Owned$340,000
Historic Data - December 2012
Assets$143.81 million
Equity Capital$13.87 million
Loan Loss Allowance$684,000
Unbacked Noncurrent Loans$733,000
Real Estate Owned$144,000
Profit Margin - Quarterly
Net Interest Margin3.98%
Return on Assets0.48%
Return on Equity4.93%
Interest Income$4.80 million
Rates
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Cport Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$100-IRA Savings Account
0.20%$100-College Club Account
0.15%$100-Share Savings Account
0.15%$100-Club Account

Cport Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Money Market Plus
0.20%$2,500-Money Market

Cport Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.60%$500-60 Month Classic Share Certificate
1.50%$500-60 Month Share Certificate
1.35%$500-48 Month Classic Share Certificate
1.25%$500-48 Month Share Certificate
1.10%$500-36 Month Classic Share Certificate
1.00%$500-36 Month Share Certificate
0.90%$500-30 Month Classic Share Certificate
0.80%$500-24 Month Classic Share Certificate
0.80%$500-30 Month Share Certificate
0.70%$500-18 Month Classic Share Certificate
0.70%$500-24 Month Share Certificate
0.60%$500-12 Month Classic Share Certificate
0.60%$10k-15 Month Classic Liquid Certificate
0.60%$500-18 Month Share Certificate
0.55%$10k-12 Month Classic Liquid Certificate
0.50%$500-9 Month Classic Share Certificate
0.50%$500-12 Month Share Certificate
0.50%$10k-15 Month Liquid Certificate
0.45%$10k-12 Month Liquid Certificate
0.40%$500-6 Month Classic Share Certificate
0.40%$500-9 Month Share Certificate
0.35%$500-3 Month Classic Share Certificate
0.30%$500-6 Month Share Certificate
0.25%$500-3 Month Share Certificate

Cport Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.60%$500-60 Month Classic IRA Share Certificate
1.50%$500-60 Month IRA Share Certificate
1.35%$500-48 Month Classic IRA Share Certificate
1.25%$500-48 Month IRA Share Certificate
1.10%$500-36 Month Classic IRA Share Certificate
1.00%$500-36 Month IRA Share Certificate
0.90%$500-30 Month Classic IRA Share Certificate
0.80%$500-30 Month IRA Share Certificate
0.80%$500-24 Month Classic IRA Share Certificate
0.70%$500-24 Month IRA Share Certificate
0.70%$500-18 Month Classic IRA Share Certificate
0.60%$500-18 Month IRA Share Certificate
0.60%$500-12 Month Classic IRA Share Certificate
0.50%$500-12 Month IRA Share Certificate
0.50%$500-9 Month Classic IRA Share Certificate
0.40%$500-9 Month IRA Share Certificate
0.40%$500-6 Month Classic IRA Share Certificate
0.35%$500-3 Month Classic IRA Share Certificate
0.30%$500-6 Month IRA Share Certificate
0.25%$500-3 Month IRA Share Certificate
Locations


Cport Credit Union Locations
Branch Office313 US Route 1Scarborough, ME 04074
Branch Office399 Western AveAugusta, ME 04330
Branch Office285 Forest AvePortland, ME 04101
Branch Office50 Riverside Industrial PkwyPortland, ME 04103