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Overview / Commentary
60 Main St
East Millinocke, ME 04430

Eastmill Credit Union is headquartered in East Millinocke and is the 35th largest credit union in the state of Maine. It is also the 2,063rd largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 10 employees and 4,178 members. Eastmill Credit Union's savings rates are 92% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must work at Katahdin Paper Company in East Millinocket. Also open to those who live, work, worship or attend school in Penobscot County, Sherman, Stacyville, Island Falls or Patten. - See Details

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Eastmill Credit Union has a relatively low asset base.

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, 2013 Eastmill Credit Union had $19,000 in non-current loans and owned real-estate with $11.07 million in equity and loan loss allowances on hand to cover it. This gives Eastmill Credit Union a Texas Ratio of 0.17% 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 Eastmill Credit Union decreased dramatically from 0.32% as of December 31, 2012 to 0.17% as of December 31, 2013, resulting in a positive change of 46.55%.This indicates that the balance sheet and financial strength for Eastmill Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Eastmill Credit Union has increased its total deposits by $1.43 million, resulting in 3.02% 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 Eastmill Credit Union has shown is excellent.



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. Eastmill Credit Union has $59.92 million in assets with $11.07 million in equity, resulting in a capitalization level of 18.48%, which is excellent.

Institution Statistics

NCUA #9518
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$59.92 million
Loans$16.50 million
Deposits$48.84 million
Equity Capital$11.02 million
Loan Loss Allowance$54,000
Unbacked Noncurrent Loans$19,000
Real Estate Owned$0
Historic Data - December 2012
Assets$58.31 million
Equity Capital$10.84 million
Loan Loss Allowance$60,000
Unbacked Noncurrent Loans$19,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.67%
Return on Assets0.3%
Return on Equity1.62%
Interest Income$1.34 million
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Eastmill Credit Union Savings Account Rates

1.00%--IRA Accounts
0.30%$30k-Share Accounts
0.30%$30k-Club Accounts

Eastmill Credit Union CD Rates

1.00%$1k-60 Month Share Certificate
0.90%$1k-48 Month Share Certificate
0.80%$1k-36 Month Share Certificate
0.70%$1k-24 Month Share Certificate
0.60%$1k-18 Month Share Certificate
0.50%$1k-12 Month Share Certificate
0.50%$1k-15 Month Share Certificate
0.40%$1k-6 Month Share Certificate
0.40%$1k-9 Month Share Certificate
0.30%$1k-3 Month Share Certificate

Eastmill Credit Union IRA Rates

1.00%$1k-60 Month IRA Certificate (Traditional,Roth,CESA)
0.90%$1k-48 Month IRA Certificate (Traditional,Roth,CESA)
0.80%$1k-36 Month IRA Certificate (Traditional,Roth,CESA)
0.70%$1k-24 Month IRA Certificate (Traditional,Roth,CESA)
0.60%$1k-18 Month IRA Certificate (Traditional,Roth,CESA)
0.50%$1k-12 Month IRA Certificate (Traditional,Roth,CESA)
0.50%$1k-15 Month IRA Certificate (Traditional,Roth,CESA)
0.40%$1k-6 Month IRA Certificate (Traditional,Roth,CESA)
0.40%$1k-9 Month IRA Certificate (Traditional,Roth,CESA)
0.30%$1k-3 Month IRA Certificate (Traditional,Roth,CESA)

Eastmill Credit Union Locations
Branch Office4 Main StPatten, ME 04765-3105
Branch Office60 Main StEast Millinocket, ME 044301128
Branch Office2 Ledgeview DrWestbrook, ME 04092-3939
Branch Office95 Park StLewiston, ME 04240-7282