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Overview / Commentary
61 Grove St
Waterville, ME 04901

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.

Field of Membership Restrictions

Must live, work, worship or attend school in Kennebec or Somerset County, Maine. - See Details

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Data for Q4 2013

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. New Dimensions Credit Union has a relatively low asset base.

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, 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.

Texas Ratio Trend


The Texas Ratio for New Dimensions Credit Union experienced no significant changes 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 had no significant changes in recent periods.

Deposit Growth


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.

Institution Statistics

NCUA #11253
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$68.96 million
Loans$60.87 million
Deposits$59.54 million
Equity Capital$5.29 million
Loan Loss Allowance$278,000
Unbacked Noncurrent Loans$494,000
Real Estate Owned$13,000
Historic Data - December 2012
Assets$67.11 million
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 Margin4.29%
Return on Assets0.54%
Return on Equity7.07%
Interest Income$3.25 million
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New Dimensions Credit Union Savings Account Rates

0.30%$50k-Certificate Savings Account
0.25%$100-Traditional IRA
0.25%$100-Roth IRA
0.25%$100-Coverdell Education Savings Account
0.25%$100-Health Savings Account
0.10%$100-Share Savings Account
0.10%$100-Club Account
0.10%--Monty Moose Savings Account
0.10%$25-Take Charge Account

New Dimensions Credit Union Checking Account Rates

0.00%$250-Share Draft Account

New Dimensions Credit Union CD Rates

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

New Dimensions Credit Union IRA Rates

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 Office61 Grove StWaterville, ME 04901
Branch Office72 Cony StAugusta, ME 04330