Penobscot County Credit Union

Penobscot County Credit Union Locations
PO Box 434
Old Town, ME 04468
www.penobscotfcu.com

Penobscot County Credit Union is headquartered in Old Town and is the 40th largest credit union in the state of Maine. It is also the 2,393rd largest credit union in the nation. It was established in 1968 and as of December of 2011, it had grown to 18 employees and 7,454 members. Penobscot County Credit Union has a 4-star health rating.



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Penobscot County Credit Union Savings Account Rates

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0.25%--IRA Savings
0.25%--Roth IRA Savings
0.25%--CESA Savings
0.05%--Share Savings
0.05%--Club Accounts

Penobscot County Credit Union Money Market Rates

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0.50%$100k-Money Market Account

Penobscot County Credit Union CD Rates

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2.25%$500-60 Month CD
1.50%$500-36 Month CD
1.00%$500-24 Month CD
0.85%$500-18 Month CD
0.70%$500-12 Month CD
0.70%$100-12 Month Youth Share Certificate
0.50%$500-6 Month CD
0.25%$500-3 Month CD

Penobscot County Credit Union IRA Rates

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2.25%$500-60 Month IRA
2.25%$500-60 Month Roth IRA
2.25%$500-60 Month CESA
1.50%$500-36 Month IRA
1.50%$500-36 Month Roth IRA
1.50%$500-36 Month CESA
1.00%$500-24 Month IRA
1.00%$500-24 Month Roth IRA
1.00%$500-24 Month CESA
0.85%$500-18 Month IRA
0.85%$500-18 Month Roth IRA
0.85%$500-18 Month CESA
0.70%$500-12 Month IRA
0.70%$500-12 Month Roth IRA
0.70%$500-12 Month CESA
0.50%$500-6 Month IRA
0.50%$500-6 Month Roth IRA
0.50%$500-6 Month CESA
0.25%$500-3 Month IRA
0.25%$500-3 Month Roth IRA
0.25%$500-3 Month CESA

Rates updated: 5/26/2012

Data for Q4 2011


Institution Statistics


PENOBSCOT COUNTY
NCUA #18507
BankRate ReportView
Year Chartered1968
Employees18
Primary Regulator

Assets and Liabilities

Assets$44.53 million
Loans$34.59 million
Deposits$40.41 million
Equity Capital$3.60 million
Loan Loss Allowance$181,000
Unbacked Noncurrent Loans$99,000
Real Estate Owned$163,000

Historic Data - December 2010

Assets$46.11 million
Equity Capital$2.99 million
Loan Loss Allowance$229,000
Unbacked Noncurrent Loans$375,000
Real Estate Owned$56,000

Profit Margin - Quarterly

Net Interest Margin6.13%
Return on Assets1.42%
Return on Equity17.59%
Interest Income$2.73 million
Non-Interest Income$693,000

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio5
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, 2011 Penobscot County Credit Union had $262,000 in non-current loans and owned real-estate with $3.78 million in equity and loan loss allowances on hand to cover it. This gives Penobscot County Credit Union a Texas Ratio of 6.93% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Penobscot County Credit Union decreased significantly from 13.39% as of December 31, 2010 to 6.93% as of December 31, 2011, resulting in a positive change of 48.22%.This indicates that the balance sheet and financial strength for Penobscot County Credit Union has improved significantly in recent periods.
Deposit Growth1
In the past year, Penobscot County Credit Union has decreased its total deposits by -$2.28 million, resulting in -5.34% 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 Penobscot County Credit Union has shown is poor.
Capitalization3
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. Penobscot County Credit Union has $44.53 million in assets with $3.78 million in equity, resulting in a capitalization level of 8.49%, which is average.
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