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Overview / Commentary
207-369-9976
225 RIVER RD
MEXICO, ME 04257

Oxford Credit Union is headquartered in MEXICO and is the 17st largest credit union in the state of Maine. It is also the 1,183rd largest credit union in the nation. It was established in 1938 and as of March of 2014, it had grown to 34 employees and 15,793 members. Oxford Credit Union has a A+ health rating.

Field of Membership Restrictions

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

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Oxford Credit Union had $1.48 million in non-current loans and owned real-estate with $20 million in equity and loan loss allowances on hand to cover it. This gives Oxford Credit Union a Texas Ratio of 7.41% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Oxford Credit Union experienced no significant changes from 5.13% as of March 31, 2013 to 7.41% as of March 31, 2014, resulting in a negative change of 44.42%. This indicates that the balance sheet and financial strength for Oxford Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Oxford Credit Union has increased its total deposits by $4.66 million, resulting in 3.91% 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 Oxford Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. Oxford Credit Union has $144.32 million in assets with $20 million in equity, resulting in a capitalization level of 13.86%, which is excellent.

Institution Statistics

Overall
NCUA #2645
Year Chartered1938
Employees34
Primary Regulator
Assets and Liabilities
Assets$144.32 million
Loans$102.05 million
Deposits$123.74 million
Equity Capital$19.61 million
Loan Loss Allowance$394,000
Unbacked Noncurrent Loans$1.18 million
Real Estate Owned$301,000
Historic Data - March 2013
Assets$138.92 million
Equity Capital$18.53 million
Loan Loss Allowance$357,000
Unbacked Noncurrent Loans$1.18 million
Real Estate Owned$68,000
Profit Margin - Quarterly
Net Interest Margin1.07%
Return on Assets0.84%
Return on Equity6.18%
Interest Income$1.28 million
Rates
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Oxford Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Clubs Account
0.15%--IRA Shares Account
0.15%--Shares Account

Oxford Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$10k-Money Market Account

Oxford Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$1k-60 Month CD
1.50%$1k-48-59 Month CD
1.00%$1k-36-47 Month CD
0.60%$1k-24-35 Month CD
0.45%$1k-12-23 Month CD
0.35%$1k-6-11 Month CD
0.25%$500-3-5 Month CD

Oxford Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$1k-60 Month IRA
1.50%$1k-48-59 Month IRA
1.00%$1k-36-47 Month IRA
0.60%$1k-24-35 Month IRA
0.45%$1k-12-23 Month IRA
0.35%$1k-6-11 Month IRA
0.25%$500-3-5 Month IRA
Locations


Oxford Credit Union Locations
Branch Office225 RIVER RDMEXICO, ME 04257
Branch Office54 FAIR STNORWAY, ME 04268