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Overview / Commentary
101 Western Ave
Hampden, ME 04444

Maine Savings Credit Union is headquartered in Hampden and is the 2nd largest credit union in the state of Maine. It is also the 741st largest credit union in the nation. It was established in 1961 and as of March of 2014, it had grown to 87 employees and 26,578 members. Maine Savings Credit Union has a A health rating.

Field of Membership Restrictions

Must work in one of the Select Employee Groups. - 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 Savings Credit Union had $814,000 in non-current loans and owned real-estate with $23.2 million in equity and loan loss allowances on hand to cover it. This gives Maine Savings Credit Union a Texas Ratio of 3.51% 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 Savings Credit Union decreased slightly from 4.85% as of March 31, 2013 to 3.51% as of March 31, 2014, resulting in a positive change of 27.66%.This indicates that the balance sheet and financial strength for Maine Savings Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Maine Savings Credit Union has increased its total deposits by $15.51 million, resulting in 6.65% 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 Savings 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. Maine Savings Credit Union has $278.34 million in assets with $23.2 million in equity, resulting in a capitalization level of 8.33%, which is average.

Institution Statistics

NCUA #14565
Year Chartered1961
Primary Regulator
Assets and Liabilities
Assets$278.34 million
Loans$207.45 million
Deposits$248.67 million
Equity Capital$22.41 million
Loan Loss Allowance$791,000
Unbacked Noncurrent Loans$403,000
Real Estate Owned$411,000
Historic Data - March 2013
Assets$255.88 million
Equity Capital$21.16 million
Loan Loss Allowance$856,000
Unbacked Noncurrent Loans$403,000
Real Estate Owned$138,000
Profit Margin - Quarterly
Return on Assets0.23%
Return on Equity2.86%
Interest Income$2.34 million

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Maine Savings Credit Union Savings Account Rates

0.50%--Health Savings Share Draft Account
0.10%--Regular Shares
0.10%--Floating IRA
0.10%--Holiday Club

Maine Savings Credit Union Money Market Rates

0.30%$50k-Insured Money Market

Maine Savings Credit Union Checking Account Rates

0.00%--Basic Checking (Shared Draft) Account

Maine Savings Credit Union CD Rates

1.56%$500-5 Year CD
1.26%$500-4 Year CD
0.95%$500-3 Year CD
0.65%$500-2 Year CD
0.50%$500-18 Month CD
0.35%$500-1 Year CD
0.25%$500-6 Month CD

Maine Savings Credit Union IRA Rates

1.56%$500-5 Year IRA
1.26%$500-4 Year IRA
0.95%$500-3 Year IRA
0.65%$500-2 Year IRA
0.50%$500-18 Month IRA
0.35%$500-1 Year IRA

Maine Savings Credit Union Locations
Branch Office500 Main StCorinth, ME 04427
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Branch Office912 Main StVassalboro, ME 04989-3120
Branch Office671 BroadwayBangor, ME 04401
Branch Office868 Hammond StBangor, ME 044014328
Branch Office101 Western AveHampden, ME 04444
Branch Office600 Main StBar Harbor, ME 04609-1523