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Overview / Commentary
205 Main St
Old Town, ME 04468

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 2,250th largest credit union in the nation. It was established in 1968 and as of March of 2014, it had grown to 23 employees and 7,986 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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Data for Q1 2014

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. Penobscot County Credit Union has a relatively low asset base.

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 Penobscot County Credit Union had $329,000 in non-current loans and owned real-estate with $4.93 million in equity and loan loss allowances on hand to cover it. This gives Penobscot County Credit Union a Texas Ratio of 6.67% 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 Penobscot County Credit Union experienced no significant changes from 3.01% as of March 31, 2013 to 6.67% as of March 31, 2014, resulting in a negative change of 121.58%. This indicates that the balance sheet and financial strength for Penobscot County Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Penobscot County Credit Union has increased its total deposits by $2.07 million, resulting in 4.65% 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.



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 $52.17 million in assets with $4.93 million in equity, resulting in a capitalization level of 9.46%, which is average.

Institution Statistics

NCUA #18507
Year Chartered1968
Primary Regulator
Assets and Liabilities
Assets$52.17 million
Loans$40.41 million
Deposits$46.72 million
Equity Capital$4.80 million
Loan Loss Allowance$136,000
Unbacked Noncurrent Loans$329,000
Real Estate Owned$0
Historic Data - March 2013
Assets$49.61 million
Equity Capital$4.06 million
Loan Loss Allowance$124,000
Unbacked Noncurrent Loans$329,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.74%
Return on Equity8%
Interest Income$709,000
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Penobscot County Credit Union Savings Account Rates

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

0.50%$100k-Money Market Account

Penobscot County Credit Union CD Rates

1.65%$500-60 Month CD
1.15%$500-36 Month CD
0.75%$500-18 Month CD
0.65%$500-24 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

1.65%$500-60 Month IRA
1.15%$500-36 Month IRA
0.75%$500-18 Month IRA
0.65%$500-24 Month IRA
0.35%$500-12 Month IRA
0.25%$500-6 Month IRA
0.15%$500-3 Month IRA

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