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Overview / Commentary
800-750-0959
765 Washington St
Bath, ME 04530

Five County Credit Union is headquartered in Bath and is the 8th largest credit union in the state of Maine. It is also the 885th largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 115 employees and 25,053 members. Five County Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work or worship in Androscoggin, Cumberland, Kennebec, Lincoln, Sagadahoc, Somerset, Waldo or Knox county. - See Details

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Health

Data for Q1 2014

Institution Health

B

Texas Ratio

GRADE:
A

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 Five County Credit Union had $1.38 million in non-current loans and owned real-estate with $17.02 million in equity and loan loss allowances on hand to cover it. This gives Five County Credit Union a Texas Ratio of 8.08% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Five County Credit Union experienced no significant changes from 6.68% as of March 31, 2013 to 8.08% as of March 31, 2014, resulting in a negative change of 21.03%. This indicates that the balance sheet and financial strength for Five County Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, Five County Credit Union has increased its total deposits by $621,000, resulting in 0.33% 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 Five County Credit Union has shown is above average.

Capitalization

GRADE:
C-

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. Five County Credit Union has $216.53 million in assets with $17.02 million in equity, resulting in a capitalization level of 7.86%, which is below average.

Institution Statistics

Overall
NCUA #67993
Year Chartered1956
Employees115
Primary Regulator
Assets and Liabilities
Assets$216.53 million
Loans$146.36 million
Deposits$188.04 million
Equity Capital$16.28 million
Loan Loss Allowance$749,000
Unbacked Noncurrent Loans$1.22 million
Real Estate Owned$158,000
Historic Data - March 2013
Assets$214.89 million
Equity Capital$15.54 million
Loan Loss Allowance$695,000
Unbacked Noncurrent Loans$1.22 million
Real Estate Owned$195,000
Profit Margin - Quarterly
Net Interest Margin1.41%
Return on Assets-0.01%
Return on Equity-0.07%
Interest Income$2.27 million
Rates
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Five County Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--SHIP Account
0.15%$100k-Savings Account
0.15%$100k-IRA Savings Account
0.15%$100k-Savings Club
0.15%$100k-Christmas Club Account

Five County Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Golden Rate Fund Plus
0.20%$100k-Prestige Checking Account
0.20%$100k-Elite Checking Account
0.20%$100k-Golden Rate Fund
0.03%$5k-Classic Checking Account
0.03%$5k-Second Chance Checking Account
0.03%$5k-free4ME Checking Account

Five County Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.06%$100k-5 Year Share Certificate
0.85%$100k-4 Year Share Certificate
0.75%$100k-3 Year Share Certificate
0.55%$100k-2 Year Share Certificate
0.45%$100k-18 Month Share Certificate
0.35%$100k-12 Month Share Certificate
0.25%$100k-6 Month Share Certificate
0.15%$100k-90 Day Share Certificate

Five County Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.06%$100k-5 Year IRA Certificate
0.85%$100k-4 Year IRA Certificate
0.75%$100k-3 Year IRA Certificate
0.55%$100k-2 Year IRA Certificate
0.45%$100k-18 Month IRA Certificate
0.35%$100k-12 Month IRA Certificate
0.25%$100k-6 Month IRA Certificate
0.15%$100k-90 Day IRA Certificate
Locations

Five County Credit Union has 14 locations. Click to view all Five County Credit Union locations.