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Overview / Commentary
800-946-2463
9 Quarry Rd
Waterville, ME 04901

Healthfirst Credit Union is headquartered in Waterville and is the 56th largest credit union in the state of Maine. It is also the 3,806th largest credit union in the nation. It was established in 1968 and as of December of 2013, it had grown to 8 employees and 3,767 members. Healthfirst Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Kennebec or Somerset County, Maine. - See Details

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Health

Data for Q4 2013

Institution Health

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

Texas Ratio

GRADE:
B+

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 Healthfirst Credit Union had $174,000 in non-current loans and owned real-estate with $1.5 million in equity and loan loss allowances on hand to cover it. This gives Healthfirst Credit Union a Texas Ratio of 11.58% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Healthfirst Credit Union decreased dramatically from 17.19% as of December 31, 2012 to 11.58% as of December 31, 2013, resulting in a positive change of 32.66%.This indicates that the balance sheet and financial strength for Healthfirst Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Healthfirst Credit Union has decreased its total deposits by $-48,000, resulting in -0.32% 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 Healthfirst Credit Union has shown is 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. Healthfirst Credit Union has $16.11 million in assets with $1.5 million in equity, resulting in a capitalization level of 9.33%, which is average.

Institution Statistics

Overall
NCUA #18500
Year Chartered1968
Employees8
Primary Regulator
Assets and Liabilities
Assets$16.11 million
Loans$13.59 million
Deposits$14.76 million
Equity Capital$1.32 million
Loan Loss Allowance$186,000
Unbacked Noncurrent Loans$174,000
Real Estate Owned$0
Historic Data - December 2012
Assets$16.29 million
Equity Capital$1.46 million
Loan Loss Allowance$91,000
Unbacked Noncurrent Loans$174,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.15%
Return on Assets-0.87%
Return on Equity-10.63%
Interest Income$762,000
Rates
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Healthfirst Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%--IRA Savings Account
0.35%--Roth IRA Savings Account
0.35%--Education IRA Savings Account
0.20%--Share Savings Account
0.20%--Club Account

Healthfirst Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.11%$1k-36 Month Share Certificate
0.85%$1k-24 Month Share Certificate
0.60%$1k-18 Month Share Certificate
0.50%$500-12 Month Share Certificate
0.40%$500-6 Month Share Certificate

Healthfirst Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.11%$1k-36 Month IRA Certificate (Traditional,Roth,CESA)
0.85%$1k-24 Month IRA Certificate (Traditional,Roth,CESA)
0.60%$1k-18 Month IRA Certificate (Traditional,Roth,CESA)
0.50%$500-12 Month IRA Certificate (Traditional,Roth,CESA)
0.40%$500-6 Month IRA Certificate (Traditional,Roth,CESA)
Locations


Healthfirst Credit Union Locations
Branch Office9 Quarry RdWaterville, ME 04901
Branch Office3 SAINT CATHERINE ST STE 1AUGUSTA, ME 043305732