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Overview / Commentary
207-878-3441
101 Gray Rd
Falmouth, ME 04105

Cumberland County is headquartered in Falmouth and is the 11st largest credit union in the state of Maine. It is also the 997th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 45 employees and 17,730 members. Cumberland County's savings rates are 63% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must lives, works, or worships in Cumberland and/or York Counties, Maine. - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B+

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 Cumberland County had $2.29 million in non-current loans and owned real-estate with $19.56 million in equity and loan loss allowances on hand to cover it. This gives Cumberland County a Texas Ratio of 11.72% 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 Cumberland County experienced no significant changes from 10.73% as of March 31, 2013 to 11.72% as of March 31, 2014, resulting in a negative change of 9.20%. This indicates that the balance sheet and financial strength for Cumberland County has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Cumberland County has increased its total deposits by $11.22 million, resulting in 7.38% 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 Cumberland County 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. Cumberland County has $183.83 million in assets with $19.56 million in equity, resulting in a capitalization level of 10.64%, which is above average.

Institution Statistics

Overall
NCUA #9500
Year Chartered1954
Employees45
Primary Regulator
Assets and Liabilities
Assets$183.83 million
Loans$108.08 million
Deposits$163.21 million
Equity Capital$18.74 million
Loan Loss Allowance$821,000
Unbacked Noncurrent Loans$2.05 million
Real Estate Owned$242,000
Historic Data - March 2013
Assets$170.04 million
Equity Capital$17.31 million
Loan Loss Allowance$661,000
Unbacked Noncurrent Loans$2.05 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.12%
Return on Assets0.7%
Return on Equity6.89%
Interest Income$1.48 million
Rates
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Cumberland County Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.85%$75k-IRA Savings Account
0.85%$75k-Roth IRA Savings Account
0.85%$75k-Coverdell ESA
0.85%$75k-HSA Savings Account
0.30%$75k-Savings Account
0.15%--Club Account

Cumberland County Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$75k-Money Market Savings
0.20%$10k-Money Market Checking

Cumberland County CD Rates

DetailsAPYMINMAXPRODUCT
1.87%$75k-60 Month Regular Share Certificate
1.56%$75k-48 Month Regular Share Certificate
1.21%$75k-36 Month Regular Share Certificate
0.95%$75k-24 Month Regular Share Certificate
0.65%$75k-12 Month Regular Share Certificate
0.55%$75k-9 Month Regular Share Certificate
0.50%$75k-6 Month Regular Share Certificate

Cumberland County IRA Rates

DetailsAPYMINMAXPRODUCT
1.87%$75k-60 Month IRA Certificate
1.56%$75k-48 Month IRA Certificate
1.21%$75k-36 Month IRA Certificate
0.95%$75k-24 Month IRA Certificate
0.65%$75k-12 Month IRA Certificate
Locations


Cumberland County Locations
Branch Office43 Lewiston RdGray, ME 04039-9537
Branch Office101 Gray RdFalmouth, ME 04105
Branch Office125 Stroudwater StWestbrook, ME 04092-4045
Branch Office1345 Washington AvePortland, ME 04103
Branch Office808 Roosevelt TrlWindham, ME 04062-5386
Branch Office43 Lewiston RdGray, ME 04039-9537