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Overview / Commentary
207-827-3165
P.O. Box 434
Old Town, ME 04468

Penobscot County Credit Union is headquartered in Old Town and is the 39th largest credit union in the state of Maine. It is also the 2,253rd largest credit union in the nation. It was established in 1968 and as of December of 2013, it had grown to 21 employees and 7,888 members. Penobscot County Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

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

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Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Penobscot County Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

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 Penobscot County Credit Union had $274,000 in non-current loans and owned real-estate with $4.84 million in equity and loan loss allowances on hand to cover it. This gives Penobscot County Credit Union a Texas Ratio of 5.66% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Penobscot County Credit Union decreased dramatically from 11.54% as of December 31, 2012 to 5.66% as of December 31, 2013, resulting in a positive change of 51.01%.This indicates that the balance sheet and financial strength for Penobscot County Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Penobscot County Credit Union has increased its total deposits by $1.78 million, resulting in 4.07% 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 excellent.

Capitalization

GRADE:
B

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 $50.68 million in assets with $4.84 million in equity, resulting in a capitalization level of 9.56%, which is above average.

Institution Statistics

Overall
NCUA #18507
Year Chartered1968
Employees21
Primary Regulator
Assets and Liabilities
Assets$50.68 million
Loans$41.39 million
Deposits$45.42 million
Equity Capital$4.70 million
Loan Loss Allowance$143,000
Unbacked Noncurrent Loans$274,000
Real Estate Owned$0
Historic Data - December 2012
Assets$48.30 million
Equity Capital$3.92 million
Loan Loss Allowance$116,000
Unbacked Noncurrent Loans$274,000
Real Estate Owned$87,000
Profit Margin - Quarterly
Net Interest Margin6.05%
Return on Assets1.23%
Return on Equity13.29%
Interest Income$2.89 million
Rates
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Penobscot County Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.50%$100k-Money Market Account

Penobscot County Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.65%$500-60 Month CD
1.15%$500-36 Month CD
0.65%$500-24 Month CD
0.45%$500-18 Month CD
0.35%$500-12 Month CD
0.35%$100-12 Month Youth Share Certificate
0.25%$500-6 Month CD
0.15%$500-3 Month CD

Penobscot County Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.65%$500-60 Month IRA (Traditional,Roth,CESA)
1.15%$500-36 Month IRA (Traditional,Roth,CESA)
0.65%$500-24 Month IRA (Traditional,Roth,CESA)
0.45%$500-18 Month IRA (Traditional,Roth,CESA)
0.35%$500-12 Month IRA (Traditional,Roth,CESA)
0.25%$500-6 Month IRA (Traditional,Roth,CESA)
0.15%$500-3 Month IRA (Traditional,Roth,CESA)
Locations


Penobscot County Credit Union Locations
Branch Office205 Main StOld Town, ME 04468
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Branch Office466 Main StBangor, ME 04401