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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 4,855th largest credit union in the nation. It was established in 1961 and as of March of 2014, it had grown to 4 employees and 1,710 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 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. Howland - Enfield Credit Union has a very 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 Howland - Enfield Credit Union had $53,000 in non-current loans and owned real-estate with $590,000 in equity and loan loss allowances on hand to cover it. This gives Howland - Enfield Credit Union a Texas Ratio of 8.98% 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 dramatically from 13.00% as of March 31, 2013 to 8.98% as of March 31, 2014, resulting in a positive change of 30.90%.This indicates that the balance sheet and financial strength for Howland - Enfield Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Howland - Enfield Credit Union has decreased its total deposits by $-42,000, resulting in -0.61% 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 average.



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 $7.44 million in assets with $590,000 in equity, resulting in a capitalization level of 7.93%, which is below average.

Institution Statistics

NCUA #14211
Year Chartered1961
Primary Regulator
Assets and Liabilities
Assets$7.44 million
Loans$3.47 million
Deposits$6.85 million
Equity Capital$569,000
Loan Loss Allowance$21,000
Unbacked Noncurrent Loans$53,000
Real Estate Owned$0
Historic Data - March 2013
Assets$7.48 million
Equity Capital$566,000
Loan Loss Allowance$34,000
Unbacked Noncurrent Loans$53,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.44%
Return on Assets0%
Return on Equity0%
Interest Income$60,000
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Howland - Enfield Credit Union Savings Account Rates

0.20%$250-Monty Moose
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%$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