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Overview / Commentary
207-945-3632
849 Stillwater Ave
Bangor, ME 04401

Eastern Maine Medical Center Credit Union is headquartered in BANGOR and is the 46th largest credit union in the state of Maine. It is also the 2,427th largest credit union in the nation. It was established in 1979 and as of December of 2013, it had grown to 11 employees and 4,763 members. Eastern Maine Medical Center Credit Union has a B+ health rating.

Field of Membership Restrictions

Must work at EMMC or any of its affiliate companies. - See Details

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Health

Data for Q4 2013

Institution Health

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

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 Eastern Maine Medical Center Credit Union had $102,000 in non-current loans and owned real-estate with $4.51 million in equity and loan loss allowances on hand to cover it. This gives Eastern Maine Medical Center Credit Union a Texas Ratio of 2.26% 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 Eastern Maine Medical Center Credit Union decreased dramatically from 3.82% as of December 31, 2012 to 2.26% as of December 31, 2013, resulting in a positive change of 40.84%.This indicates that the balance sheet and financial strength for Eastern Maine Medical Center Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Eastern Maine Medical Center Credit Union has decreased its total deposits by $-314,000, resulting in -0.79% 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 Eastern Maine Medical Center Credit Union has shown is average.

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. Eastern Maine Medical Center Credit Union has $44.2 million in assets with $4.51 million in equity, resulting in a capitalization level of 10.20%, which is above average.

Institution Statistics

Overall
NCUA #23310
Year Chartered1979
Employees11
Primary Regulator
Assets and Liabilities
Assets$44.20 million
Loans$22.60 million
Deposits$39.59 million
Equity Capital$4.46 million
Loan Loss Allowance$55,000
Unbacked Noncurrent Loans$102,000
Real Estate Owned$0
Historic Data - December 2012
Assets$44.54 million
Equity Capital$4.38 million
Loan Loss Allowance$40,000
Unbacked Noncurrent Loans$102,000
Real Estate Owned$136,000
Profit Margin - Quarterly
Net Interest Margin4.49%
Return on Assets0.17%
Return on Equity1.64%
Interest Income$1.15 million
Rates
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Eastern Maine Medical Center Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--IRA Club
0.15%--Roth IRA Club
0.15%--Education IRA Club
0.15%--HSA Club
0.10%$25-Share Savings Account
0.10%--Christmas Club Account
0.10%--Vacation Club Account
0.10%$25-Monty Moose Account
0.10%--All-Purpose Club Account

Eastern Maine Medical Center Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$15k-Money Market Account

Eastern Maine Medical Center Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.16%$1k-36 Month One Time Step-Up Share Certificate
1.16%$500-36 Month One Time Step-Up Youth Share Certificate
0.65%$1k-24 Month Share Certificate
0.65%$500-24 Month Youth Share Certificate
0.45%$1k-18 Month Share Certificate
0.45%$500-18 Month Youth Share Certificate
0.35%$1k-12 Month Share Certificate
0.35%$500-12 Month Youth Share Certificate
0.25%$1k-6 Month Share Certificate
0.25%$500-6 Month Youth Share Certificate

Eastern Maine Medical Center Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.16%$1k-36 Month One Time Step-Up IRA Certificate (Traditional,Roth,CESA)
0.65%$1k-24 Month IRA Certificate (Traditional,Roth,CESA)
0.45%$1k-18 Month IRA Certificate (Traditional,Roth,CESA)
0.35%$1k-12 Month IRA Certificate (Traditional,Roth,CESA)
0.25%$1k-6 Month IRA Certificate (Traditional,Roth,CESA)
Locations


Eastern Maine Medical Center Credit Union Locations
Branch Office43 Whiting Hill RdBrewer, ME 04412
Branch Office849 Stillwater AveBangor, ME 04401
Branch Office417 State St Ste 140Bangor, ME 04401