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P.O. Box 405
Howland, ME 04448

Howland - Enfield Credit Union is headquartered in howland and is the 59th largest credit union in the state of Maine. It is also the 4,886th largest credit union in the nation. It was established in 1961 and as of December of 2013, it had grown to 4 employees and 1,718 members. Howland - Enfield Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live, work or worship in Abbot, Alton, Argyle, Atkinson, Bowerbank, Bradford, Brownville, Burlington, Cambridge or other select towns. - 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. Howland - Enfield Credit Union has a very 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 Howland - Enfield Credit Union had $60,000 in non-current loans and owned real-estate with $594,000 in equity and loan loss allowances on hand to cover it. This gives Howland - Enfield Credit Union a Texas Ratio of 10.10% 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 Howland - Enfield Credit Union decreased slightly from 14.17% as of December 31, 2012 to 10.10% as of December 31, 2013, resulting in a positive change of 28.69%.This indicates that the balance sheet and financial strength for Howland - Enfield Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Howland - Enfield Credit Union has increased its total deposits by $335,000, resulting in 5.37% 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 Howland - Enfield 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. Howland - Enfield Credit Union has $7.15 million in assets with $594,000 in equity, resulting in a capitalization level of 8.31%, which is average.

Institution Statistics

NCUA #14211
Year Chartered1961
Primary Regulator
Assets and Liabilities
Assets$7.15 million
Loans$3.54 million
Deposits$6.58 million
Equity Capital$569,000
Loan Loss Allowance$25,000
Unbacked Noncurrent Loans$60,000
Real Estate Owned$0
Historic Data - December 2012
Assets$6.81 million
Equity Capital$559,000
Loan Loss Allowance$34,000
Unbacked Noncurrent Loans$60,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.41%
Return on Assets0.14%
Return on Equity1.76%
Interest Income$262,000
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Howland - Enfield Credit Union Savings Account Rates

0.05%$75-Share Account
0.05%$75-Club Accounts

Howland - Enfield Credit Union Money Market Rates

0.40%$50k-Money Market Club Account

Howland - Enfield Credit Union CD Rates

1.60%$1k-60 Month CD
1.45%$1k-48 Month CD
1.30%$1k-36 Month CD
1.05%$1k-30 Month CD
0.85%$1k-24 Month CD
0.60%$1k-18 Month CD
0.45%$1k-12 Month CD
0.30%$1k-9 Month CD
0.25%$500-6 Month CD
0.20%$250-Monty Moose
0.20%$500-3 Month CD

Howland - Enfield Credit Union IRA Rates

1.60%$1k-60 Month IRA
1.45%$1k-48 Month IRA
1.30%$1k-36 Month IRA
1.05%$1k-30 Month IRA
0.85%$1k-24 Month IRA
0.60%$1k-18 Month IRA
0.45%$1k-12 Month IRA
0.30%$1k-9 Month IRA
0.25%$500-6 Month IRA
0.20%$500-3 Month IRA

Howland - Enfield Credit Union Locations
Branch Office4 Coffin StHowland, ME 04448-3721