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Overview / Commentary
1176 Main St
Monmouth, ME 04259-7021

Monmouth Credit Union is headquartered in Monmouth and is the 55th largest credit union in the state of Maine. It is also the 3,717st largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 7 employees and 2,613 members. Monmouth Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live or work in Monmouth, Wales, Leeds, Litchfield, Greene or Turner. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Monmouth Credit Union has a low asset base.

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 Monmouth Credit Union had $476,000 in non-current loans and owned real-estate with $1.62 million in equity and loan loss allowances on hand to cover it. This gives Monmouth Credit Union a Texas Ratio of 29.33% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Monmouth Credit Union decreased slightly from 33.83% as of March 31, 2013 to 29.33% as of March 31, 2014, resulting in a positive change of 13.30%.This indicates that the balance sheet and financial strength for Monmouth Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Monmouth Credit Union has increased its total deposits by $1.2 million, resulting in 8% 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 Monmouth 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. Monmouth Credit Union has $17.72 million in assets with $1.62 million in equity, resulting in a capitalization level of 9.16%, which is average.

Institution Statistics

NCUA #9035
Year Chartered1953
Primary Regulator
Assets and Liabilities
Assets$17.72 million
Loans$10.46 million
Deposits$16.20 million
Equity Capital$1.48 million
Loan Loss Allowance$146,000
Unbacked Noncurrent Loans$476,000
Real Estate Owned$0
Historic Data - March 2013
Assets$16.44 million
Equity Capital$1.36 million
Loan Loss Allowance$125,000
Unbacked Noncurrent Loans$476,000
Real Estate Owned$71,000
Profit Margin - Quarterly
Net Interest Margin1.5%
Return on Assets0.63%
Return on Equity7.58%
Interest Income$177,000
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Monmouth Credit Union Savings Account Rates

0.25%$10k-Super Saver Account
0.25%--Club Account
0.10%$25-Share Account

Monmouth Credit Union CD Rates

1.56%$500-60 Month CD
1.26%$500-48 Month CD
1.00%$500-36 Month CD
0.80%$500-24 Month CD
0.65%$500-18 Month CD
0.50%$500-12 Month CD
0.35%$500-6 Month CD

Monmouth Credit Union Locations
Branch Office19a Patten RdGreene, ME 04236
Branch Office1176 Main StMonmouth, ME 04259-7021