Eastern Maine Medical Center Credit Union

Eastern Maine Medical Center Credit Union is headquartered in Bangor and is the 41^st largest credit union in the state of Maine. It is also the 2,427^th largest credit union in the nation. It was established in 1979 and as of December of 2011, it had grown to 11 employees and 5,017 members. Eastern Maine Medical Center Credit Union has a 5-star health rating.

Eastern Maine Medical Center Credit Union Savings Account Rates

Eastern Maine Medical Center Credit Union Money Market Rates

Eastern Maine Medical Center Credit Union CD Rates

Eastern Maine Medical Center Credit Union IRA Rates

Data for Q4 2011

Institution Statistics EASTERN MAINE MEDICAL CENTER NCUA # 23310 BankRate Report View Year Chartered 1979 Employees 11 Primary Regulator Assets and Liabilities Assets $43.50 million Loans $23.46 million Deposits $38.92 million Equity Capital $4.41 million Loan Loss Allowance $47,000 Unbacked Noncurrent Loans $199,000 Historic Data - December 2010 Assets $41.16 million Equity Capital $4.32 million Loan Loss Allowance $26,000 Unbacked Noncurrent Loans $15,000 Real Estate Owned $51,000 Profit Margin - Quarterly Net Interest Margin 5.04% Return on Assets 0.2% Return on Equity 1.93% Interest Income $1.37 million Non-Interest Income $519,000

Institution Health Overall Score: 5 out of 5 Texas Ratio 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, 2011 Eastern Maine Medical Center Credit Union had $199,000 in non-current loans and owned real-estate with $4.45 million in equity and loan loss allowances on hand to cover it. This gives Eastern Maine Medical Center Credit Union a Texas Ratio of 4.47% 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 Eastern Maine Medical Center Credit Union held steady from 1.52% as of December 31, 2010 to 4.47% as of December 31, 2011, resulting in a negative change of 194.34%. This indicates that the balance sheet and financial strength for Eastern Maine Medical Center Credit Union has held steady in recent periods. Deposit Growth In the past year, Eastern Maine Medical Center Credit Union has increased its total deposits by $2.32 million, resulting in 6.35% 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 excellent. Capitalization 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 $43.5 million in assets with $4.45 million in equity, resulting in a capitalization level of 10.24%, which is above average.

No reviews have been left for this bank yet. Be the first to review.