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Overview / Commentary
831 Middle St
Bath, ME 04530-2401

Midcoast Credit Union is headquartered in Bath and is the 19st largest credit union in the state of Maine. It is also the 1,243rd largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 49 employees and 14,893 members. Midcoast Credit Union has a A+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Sagadahoc, Lincoln, Knox or Cumberland County (Brunswick, Harpswell or Freeport). - 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 Midcoast Credit Union had $850,000 in non-current loans and owned real-estate with $15.19 million in equity and loan loss allowances on hand to cover it. This gives Midcoast Credit Union a Texas Ratio of 5.59% 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 Midcoast Credit Union decreased slightly from 7.00% as of March 31, 2013 to 5.59% as of March 31, 2014, resulting in a positive change of 20.08%.This indicates that the balance sheet and financial strength for Midcoast Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Midcoast Credit Union has increased its total deposits by $4.62 million, resulting in 4% 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 Midcoast 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. Midcoast Credit Union has $135.07 million in assets with $15.19 million in equity, resulting in a capitalization level of 11.25%, which is excellent.

Institution Statistics

NCUA #10898
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$135.07 million
Loans$78.52 million
Deposits$120.03 million
Equity Capital$14.63 million
Loan Loss Allowance$562,000
Unbacked Noncurrent Loans$650,000
Real Estate Owned$200,000
Historic Data - March 2013
Assets$129.48 million
Equity Capital$13.85 million
Loan Loss Allowance$750,000
Unbacked Noncurrent Loans$650,000
Real Estate Owned$24,000
Profit Margin - Quarterly
Net Interest Margin1.24%
Return on Assets0.56%
Return on Equity5.19%
Interest Income$1.20 million

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Midcoast Credit Union Savings Account Rates

0.45%$10k-IRA Savings
0.45%$10k-Roth IRA Savings
0.15%--Share Accounts
0.15%--Monty Moose Children's Savings Account
0.15%--Take Charge Teen Program
0.15%--Christmas Club
0.15%--All-Purpose Club
0.15%--Vacation clubs
0.15%--Tax clubs

Midcoast Credit Union Money Market Rates

0.30%$20k-Money Market Account

Midcoast Credit Union Checking Account Rates

0.10%$500-Member "Plus" Checking
0.00%--Member Checking
0.00%--Free4Me Checking
0.00%--Coast Checking

Midcoast Credit Union CD Rates

1.51%$1k-5 Year CD
1.11%$1k-4 Year CD
0.85%$1k-3 Year CD
0.65%$1k-2 Year CD
0.45%$1k-15 Month CD
0.35%$1k-1 Year CD
0.25%$1k-6 Month CD

Midcoast Credit Union IRA Rates

1.51%$1k-5 Year IRA
1.11%$1k-4 Year IRA
0.85%$1k-3 Year IRA
0.65%$1k-2 Year IRA
0.35%$1k-1 Year IRA
0.25%$1k-6 Month IRA

Midcoast Credit Union Locations
Branch Office41 Route OneEdgecomb, ME 04556-3040
Branch Office209 New County RdThomaston, ME 04861-3116
Branch Office831 Middle StBath, ME 04530-2401
Branch Office6 Station AveBrunswick, ME 04011-2092