New Dimensions Credit Union is headquartered in Waterville and is the 33rd largest credit union in the state of Maine. It is also the 1,893rd largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 33 employees and 7,525 members. New Dimensions Credit Union has a B health rating.
Must live, work, worship or attend school in Kennebec or Somerset County, Maine. - See Details
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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 New Dimensions Credit Union had $507,000 in non-current loans and owned real-estate with $5.57 million in equity and loan loss allowances on hand to cover it. This gives New Dimensions Credit Union a Texas Ratio of 9.11% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for New Dimensions Credit Union held steady from 5.38% as of December 31, 2012 to 9.11% as of December 31, 2013, resulting in a negative change of 69.43%. This indicates that the balance sheet and financial strength for New Dimensions Credit Union has held steady in recent periods.
In the past year, New Dimensions Credit Union has increased its total deposits by $2.53 million, resulting in 4.44% 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 New Dimensions 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. New Dimensions Credit Union has $68.96 million in assets with $5.57 million in equity, resulting in a capitalization level of 8.07%, which is average.
|Assets and Liabilities|
|Equity Capital||$5.29 million|
|Loan Loss Allowance||$278,000|
|Unbacked Noncurrent Loans||$494,000|
|Real Estate Owned||$13,000|
|Historic Data - December 2012|
|Equity Capital||$4.94 million|
|Loan Loss Allowance||$234,000|
|Unbacked Noncurrent Loans||$494,000|
|Real Estate Owned||$56,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.29%|
|Return on Assets||0.54%|
|Return on Equity||7.07%|
|Interest Income||$3.25 million|
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|0.30%||$50k||-||Certificate Savings Account|
|0.25%||$100||-||Coverdell Education Savings Account|
|0.25%||$100||-||Health Savings Account|
|0.10%||$100||-||Share Savings Account|
|0.10%||-||-||Monty Moose Savings Account|
|0.10%||$25||-||Take Charge Account|
|0.00%||$250||-||Share Draft Account|
|2.44%||$5k||-||7 Year Step Up Share Certificate|
|1.69%||$5k||-||5 Year Step Up Share Certificate|
|1.00%||$1k||-||48 Month Share Certificate|
|0.75%||$1k||-||36 Month Share Certificate|
|0.50%||$1k||-||18 Month Share Certificate|
|0.50%||$1k||-||24 Month Share Certificate|
|0.40%||$1k||-||12 Month Share Certificate|
|0.40%||$500||-||12 Month Monty Moose Share Certificate|
|0.40%||$500||-||12 Month Take Charge Share Certificate|
|0.30%||$1k||-||6 Month Share Certificate|
|1.00%||$2k||-||48 Month IRA Certificate (Traditional,Roth)|
|0.75%||$2k||-||36 Month IRA Certificate (Traditional,Roth)|
|0.50%||$2k||-||18 Month IRA Certificate (Traditional,Roth)|
|0.50%||$2k||-||24 Month IRA Certificate (Traditional,Roth)|
|0.40%||$2k||-||12 Month IRA Certificate (Traditional,Roth)|
|0.30%||$2k||-||6 Month IRA Certificate (Traditional,Roth)|
|New Dimensions Credit Union Locations|
|Branch Office||61 Grove St||Waterville, ME 04901|
|Branch Office||72 Cony St||Augusta, ME 04330|