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Overview / Commentary
10 Old Brunswick Rd
Gardiner, ME 04345-6042

Gardiner Credit Union is headquartered in Gardiner and is the 47th largest credit union in the state of Maine. It is also the 2,589th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 10 employees and 5,034 members. Gardiner Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Kennebec County, Lincoln County or the towns of Richmond or Palermo. - See Details

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Data for Q1 2014

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. Gardiner Credit Union has a low asset base.

Texas Ratio


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 Gardiner Credit Union had $343,000 in non-current loans and owned real-estate with $4.2 million in equity and loan loss allowances on hand to cover it. This gives Gardiner Credit Union a Texas Ratio of 8.17% 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 Gardiner Credit Union experienced no significant changes from 5.22% as of March 31, 2013 to 8.17% as of March 31, 2014, resulting in a negative change of 56.33%. This indicates that the balance sheet and financial strength for Gardiner Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Gardiner Credit Union has increased its total deposits by $1.62 million, resulting in 4.75% 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 Gardiner 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. Gardiner Credit Union has $40.11 million in assets with $4.2 million in equity, resulting in a capitalization level of 10.47%, which is above average.

Institution Statistics

NCUA #8367
Year Chartered1953
Primary Regulator
Assets and Liabilities
Assets$40.11 million
Loans$26.72 million
Deposits$35.70 million
Equity Capital$4.12 million
Loan Loss Allowance$79,000
Unbacked Noncurrent Loans$285,000
Real Estate Owned$58,000
Historic Data - March 2013
Assets$37.90 million
Equity Capital$3.55 million
Loan Loss Allowance$67,000
Unbacked Noncurrent Loans$285,000
Real Estate Owned$54,000
Profit Margin - Quarterly
Net Interest Margin1.23%
Return on Assets1.48%
Return on Equity14.37%
Interest Income$395,000
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Gardiner Credit Union Savings Account Rates

0.50%--IRA Share Account
0.30%$40k-Hi-Yield Share Account
0.15%--Share Savings Account
0.15%--Youth Account
0.10%--All Purpose Club Account
0.10%--Christmas Club Account

Gardiner Credit Union CD Rates

1.56%--60 Month Share Certificate
1.01%--36 Month Share Certificate
0.70%--24 Month Share Certificate
0.55%--15 Month Share Certificate
0.40%--12 Month Share Certificate
0.30%--6 Month Share Certificate
0.15%--3 Month Share Certificate

Gardiner Credit Union IRA Rates

1.56%--60 Month IRA Certificate
1.01%--36 Month IRA Certificate
0.70%--24 Month IRA Certificate
0.55%--15 Month IRA Certificate
0.40%--12 Month IRA Certificate
0.30%--6 Month IRA Certificate
0.15%--3 Month IRA Certificate

Gardiner Credit Union Locations
Branch Office10 Old Brunswick RdGardiner, ME 04345-6042