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Overview / Commentary
207-774-4307
P.O. Box 7702
Portland, ME 04112

Maine Media Credit Union is headquartered in portland and is the 61st largest credit union in the state of Maine. It is also the 5,442nd largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 2 employees and 1,105 members. Maine Media Credit Union's CD rates are 11% higher than the national average, but it has a C health rating.

Field of Membership Restrictions

Must be an employee of Associated Press of Maine or other select companies. - 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. Maine Media Credit Union has a very 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 Maine Media Credit Union had $118,000 in non-current loans and owned real-estate with $983,000 in equity and loan loss allowances on hand to cover it. This gives Maine Media Credit Union a Texas Ratio of 12.00% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Maine Media Credit Union increased slightly from 6.57% as of December 31, 2012 to 12.00% as of December 31, 2013, resulting in a negative change of 82.83%. This indicates that the balance sheet and financial strength for Maine Media Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Maine Media Credit Union has decreased its total deposits by $-3,000, resulting in -0.09% 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 Media Credit Union has shown is average.

Capitalization

GRADE:
A+

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 Media Credit Union has $4.25 million in assets with $983,000 in equity, resulting in a capitalization level of 23.13%, which is excellent.

Institution Statistics

Overall
NCUA #640
Year Chartered1935
Employees2
Primary Regulator
Assets and Liabilities
Assets$4.25 million
Loans$3.38 million
Deposits$3.30 million
Equity Capital$940,000
Loan Loss Allowance$43,000
Unbacked Noncurrent Loans$118,000
Real Estate Owned$0
Historic Data - December 2012
Assets$4.28 million
Equity Capital$974,000
Loan Loss Allowance$16,000
Unbacked Noncurrent Loans$118,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.34%
Return on Assets-0.78%
Return on Equity-3.51%
Interest Income$162,000
Rates
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Maine Media Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$25-Savings Account
0.25%--Club Account

Maine Media Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.40%$1k-2 Year CD
1.00%$1k-1 Year CD
0.75%$1k-6 Month CD
Locations


Maine Media Credit Union Locations
Branch Office295 Gannett DrSouth Portland, ME 04106-6910
Branch Office295 Gannett DrSouth Portland, ME 04106-6910