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Overview / Commentary
207-783-2071
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 1,314st largest credit union in the nation. It was established in 1938 and as of December of 2013, it had grown to 39 employees and 19,097 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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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Maine Family Credit Union had $286,000 in non-current loans and owned real-estate with $12.18 million in equity and loan loss allowances on hand to cover it. This gives Maine Family Credit Union a Texas Ratio of 2.35% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Maine Family Credit Union decreased dramatically from 4.01% as of December 31, 2012 to 2.35% as of December 31, 2013, resulting in a positive change of 41.41%.This indicates that the balance sheet and financial strength for Maine Family Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Maine Family Credit Union has increased its total deposits by $3.93 million, resulting in 3.77% 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 excellent.

Capitalization

GRADE:
B+

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 $120.63 million in assets with $12.18 million in equity, resulting in a capitalization level of 10.10%, which is above average.

Institution Statistics

Overall
NCUA #2644
Year Chartered1938
Employees39
Primary Regulator
Assets and Liabilities
Assets$120.63 million
Loans$68.49 million
Deposits$108.42 million
Equity Capital$11.99 million
Loan Loss Allowance$194,000
Unbacked Noncurrent Loans$286,000
Real Estate Owned$0
Historic Data - December 2012
Assets$116.13 million
Equity Capital$11.40 million
Loan Loss Allowance$356,000
Unbacked Noncurrent Loans$286,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.29%
Return on Assets0.49%
Return on Equity4.92%
Interest Income$3.56 million
Rates
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Maine Family Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$25k-IRA Variable Account
0.20%$25-Health Savings Account (HSA)
0.10%$25-Shares Account
0.10%$25-Christmas Club 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

Maine Family Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$25k-Money Market Accounts

Maine Family Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
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
Locations


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