Maine State Credit Union

200 Capitol Street
Augusta, ME 04330
1-800-540-8707
www.mainestatecu.org

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Maine State Credit Union is headquartered in Augusta and is the largest credit union in the state of Maine. It is also the 597^th largest credit union in the nation. It was established in 1935 and as of December of 2011, it had grown to 68 employees and 25,067 members. Maine State Credit Union has a 5-star health rating.

Advantage Checking Rate Cut To 2% 2/1/12 (Forum) - 1/28/2012

I was notified of this rate change on Thursday AFTER I had completed the paperwork and funded the account. Not cool. At least the 25k cap remains in place for now.

3.50% 5-Year CD And IRA CD Continues At Maine State Credit Union - Maine Only (Forum) - 8/26/2010

I last reviewed this CD in May in this Maine State Credit Union CD review. The 3.50% APY for 5 years was a good deal back then. It's even a better deal now as rates have continued to fallen. The 3.50% APY is listed at the Credit Union's rates page (clic

Competitive 5-Year CD at Maine State Credit Union - Local Only - 5/17/2010

Maine State Credit Union is offering a competitive 5-year CD with a 3.50% APY. Also competitive are the 3-year and 4-year CDs which have APYs of 2.50% and 3.00%. The shorter terms are not quite as go ...

4.07% Reward Checking Account at Maine State Credit Union - Local Only - 8/25/2009

Maine State Credit Union is offering a reward checking account called Advantage Checking. The account has the following rates and features if certain monthly requirements are met:4.07% APY on balances up to $25,0000.25% on portion of balances above...

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See Rates for: Checking | Savings | CD | IRA

Maine State Credit Union Checking Account Rates

	Apy	Min	Max	Product
	2.02%	-	$25k	Advantage Checking

Maine State Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	$100k	-	Money Market Account
0.50%	-	-	HSA Account
0.30%	-	-	IRA Share Savings
0.30%	-	-	CESA Share Savings
0.30%	-	-	Roth IRA Share Savings
0.20%	$25	-	Share Savings
0.15%	-	-	Vacation Club Account
0.15%	-	-	Christmas Club Account

Maine State Credit Union CD Rates

Apy	Min	Max	Product
2.05%	$500	-	5 Year Share Certificate
2.05%	$250	-	5 Year Youth Certificate
1.55%	$500	-	4 Year Share Certificate
1.55%	$250	-	4 Year Youth Certificate
1.30%	$500	-	3 Year Share Certificate
1.30%	$250	-	3 Year Youth Certificate
0.90%	$500	-	2 Year Share Certificate
0.90%	$250	-	2 Year Youth Certificate
0.50%	$500	-	1 Year Share Certificate
0.50%	$250	-	1 Year Youth Certificate
0.40%	$500	-	6 Month Share Certificate
0.40%	$250	-	6 Month Youth Certificate

Maine State Credit Union IRA Rates

Apy	Min	Max	Product
2.05%	$500	-	5 Year CESA
2.05%	$500	-	5 Year IRA
2.05%	$500	-	5 Year Roth IRA
1.55%	$500	-	4 Year CESA
1.55%	$500	-	4 Year IRA
1.55%	$500	-	4 Year Roth IRA
1.30%	$500	-	3 Year CESA
1.30%	$500	-	3 Year IRA
1.30%	$500	-	3 Year Roth IRA
0.90%	$500	-	2 Year CESA
0.90%	$500	-	2 Year IRA
0.90%	$500	-	2 Year Roth IRA
0.50%	$500	-	1 Year CESA
0.50%	$500	-	1 Year IRA
0.50%	$500	-	1 Year Roth IRA
0.40%	$500	-	6 Month CESA
0.40%	$500	-	6 Month IRA
0.40%	$500	-	6 Month Roth IRA

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

MAINE STATE
NCUA #	63377
BankRate Report	View
Year Chartered	1935
Employees	68
Primary Regulator
Assets and Liabilities
Assets	$329.07 million
Loans	$135.55 million
Deposits	$286.66 million
Equity Capital	$39.37 million
Loan Loss Allowance	$845,000
Unbacked Noncurrent Loans	$537,000
Historic Data - December 2010
Assets	$310.32 million
Equity Capital	$37.85 million
Loan Loss Allowance	$812,000
Unbacked Noncurrent Loans	$478,000
Profit Margin - Quarterly
Net Interest Margin	4.76%
Return on Assets	0.34%
Return on Equity	2.87%
Interest Income	$12.11 million
Non-Interest Income	$2.33 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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, 2011 Maine State Credit Union had $537,000 in non-current loans and owned real-estate with $40.22 million in equity and loan loss allowances on hand to cover it. This gives Maine State Credit Union a Texas Ratio of 1.34% 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 State Credit Union held steady from 1.24% as of December 31, 2010 to 1.34% as of December 31, 2011, resulting in a negative change of 7.99%. This indicates that the balance sheet and financial strength for Maine State Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Maine State Credit Union has increased its total deposits by $16.69 million, resulting in 6.18% 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 State Credit Union has shown is excellent.
Capitalization
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 State Credit Union has $329.07 million in assets with $40.22 million in equity, resulting in a capitalization level of 12.22%, which is excellent.