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Overview / Commentary
78 Fox St
Madawaska, ME 04756

Norstate Credit Union is headquartered in Madawaska and is the 13st largest credit union in the state of Maine. It is also the 1,038th largest credit union in the nation. It was established in 1941 and as of March of 2014, it had grown to 62 employees and 13,768 members. Norstate Credit Union's money market rates are 14% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Aroostook County or Northern Penobscot County. - 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 Norstate Credit Union had $2.54 million in non-current loans and owned real-estate with $20.83 million in equity and loan loss allowances on hand to cover it. This gives Norstate Credit Union a Texas Ratio of 12.19% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Norstate Credit Union decreased dramatically from 25.57% as of March 31, 2013 to 12.19% as of March 31, 2014, resulting in a positive change of 52.31%.This indicates that the balance sheet and financial strength for Norstate Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Norstate Credit Union has increased its total deposits by $11.15 million, resulting in 8.42% 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 Norstate 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. Norstate Credit Union has $174.86 million in assets with $20.83 million in equity, resulting in a capitalization level of 11.91%, which is excellent.

Institution Statistics

NCUA #4261
Year Chartered1941
Primary Regulator
Assets and Liabilities
Assets$174.86 million
Loans$141.34 million
Deposits$143.56 million
Equity Capital$20.48 million
Loan Loss Allowance$350,000
Unbacked Noncurrent Loans$1.57 million
Real Estate Owned$971,000
Historic Data - March 2013
Assets$160.52 million
Equity Capital$17.20 million
Loan Loss Allowance$417,000
Unbacked Noncurrent Loans$1.57 million
Real Estate Owned$1.34 million
Profit Margin - Quarterly
Net Interest Margin1.12%
Return on Assets0.73%
Return on Equity6.25%
Interest Income$1.94 million
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Norstate Credit Union Savings Account Rates

0.20%--Share Savings Account
0.20%--Club Account
0.20%--IRA Account
0.20%--Roth IRA Account
0.20%--Educational IRA Account

Norstate Credit Union Money Market Rates

0.50%$20k-Flex Money Market Account

Norstate Credit Union CD Rates

2.05%$1k-5 Year Share Certificate
1.55%$1k-4 Year Share Certificate
1.35%$1k-3 Year Share Certificate
1.05%$1k-24 Month Share Certificate
0.75%$1k-18 Month Share Certificate
0.70%$1k-1 Year Share Certificate
0.45%$1k-6 Month Share Certificate

Norstate Credit Union IRA Rates

2.05%$1k-5 Year IRA Certificate
1.55%$1k-4 Year IRA Certificate
1.35%$1k-3 Year IRA Certificate
1.05%$1k-24 Month IRA Certificate
0.75%$1k-18 Month IRA Certificate
0.70%$1k-1 Year IRA Certificate
0.45%$1k-6 Month IRA Certificate

Norstate Credit Union Locations
Branch Office3333 Aroostook RdEagle Lake, ME 04739
Branch Office78 Fox StMadawaska, ME 04756
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