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Overview / Commentary
555 Sabattus St
Lewiston, ME 04240

Maine Family Credit Union is headquartered in Lewiston and is the 22nd largest credit union in the state of Maine. It is also the 1,320th largest credit union in the nation. It was established in 1938 and as of March of 2014, it had grown to 41 employees and 19,310 members. Maine Family Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Androscoggin County. - See Details

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Data for Q1 2014

Institution Health


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 Maine Family Credit Union had $385,000 in non-current loans and owned real-estate with $12.23 million in equity and loan loss allowances on hand to cover it. This gives Maine Family Credit Union a Texas Ratio of 3.15% 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 Maine Family Credit Union decreased slightly from 3.89% as of March 31, 2013 to 3.15% as of March 31, 2014, resulting in a positive change of 19.16%.This indicates that the balance sheet and financial strength for Maine Family Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Maine Family Credit Union has increased its total deposits by $1.96 million, resulting in 1.79% 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 Maine Family Credit Union has shown is above 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. Maine Family Credit Union has $123.74 million in assets with $12.23 million in equity, resulting in a capitalization level of 9.89%, which is above average.

Institution Statistics

NCUA #2644
Year Chartered1938
Primary Regulator
Assets and Liabilities
Assets$123.74 million
Loans$69.07 million
Deposits$111.57 million
Equity Capital$12.02 million
Loan Loss Allowance$218,000
Unbacked Noncurrent Loans$385,000
Real Estate Owned$0
Historic Data - March 2013
Assets$121.32 million
Equity Capital$11.55 million
Loan Loss Allowance$346,000
Unbacked Noncurrent Loans$385,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.06%
Return on Assets0.31%
Return on Equity3.23%
Interest Income$879,000
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Maine Family Credit Union Savings Account Rates

0.25%$25k-IRA Variable Account
0.20%$25-Health Savings Account (HSA)
0.10%$25-Shares Account
0.10%$25-Vacation Club Account
0.10%$25-All Purpose Club Account
0.10%$25-Monty Moose Youth Club
0.10%--Take Charge Account
0.00%--Insured Shares Account
0.00%$25-Christmas Club Account

Maine Family Credit Union Money Market Rates

0.25%$25k-Money Market Accounts

Maine Family Credit Union CD Rates

1.41%$500-5 Year CD
1.11%$500-4 Year CD
0.80%$500-3 Year CD
0.50%$500-2 Year CD
0.40%$500-1 Year CD
0.30%$500-6 Month CD

Maine Family Credit Union IRA Rates

1.41%$1k-5 Year IRA
1.11%$1k-4 Year IRA
0.80%$1k-3 Year IRA
0.50%$1k-2 Year IRA
0.40%$1k-1 Year IRA

Maine Family Credit Union Locations
Branch Office555 Sabattus StLewiston, ME 04240
Branch Office831 Minot AveAuburn, ME 04210