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Portland Maine Police Department Credit Union

Portland Maine Police Department Credit Union
Overview / Commentary
109 Middle Street
Portland, ME 04101

Portland Maine Police Department Credit Union is headquartered in PORTLAND and is the 58th largest credit union in the state of Maine. It is also the 4,815st largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 2 employees and 935 members. Portland Maine Police Department Credit Union has a C health rating.

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Health

Data for Q4 2013

Institution Health

C
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Portland Maine Police Department Credit Union has a very low asset base.

Texas Ratio

GRADE:
C+

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 Portland Maine Police Department Credit Union had $181,000 in non-current loans and owned real-estate with $778,000 in equity and loan loss allowances on hand to cover it. This gives Portland Maine Police Department Credit Union a Texas Ratio of 23.26% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Portland Maine Police Department Credit Union experienced no significant changes from 23.10% as of December 31, 2012 to 23.26% as of December 31, 2013, resulting in a negative change of 0.73%. This indicates that the balance sheet and financial strength for Portland Maine Police Department Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Portland Maine Police Department Credit Union has increased its total deposits by $308,000, resulting in 4.35% 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 Portland Maine Police Department 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. Portland Maine Police Department Credit Union has $7.56 million in assets with $778,000 in equity, resulting in a capitalization level of 10.29%, which is above average.

Institution Statistics

Overall
NCUA #675
Year Chartered1935
Employees2
Primary Regulator
Assets and Liabilities
Assets$7.56 million
Loans$5.83 million
Deposits$7.39 million
Equity Capital$667,000
Loan Loss Allowance$111,000
Unbacked Noncurrent Loans$181,000
Real Estate Owned$0
Historic Data - December 2012
Assets$7.44 million
Equity Capital$640,000
Loan Loss Allowance$122,000
Unbacked Noncurrent Loans$181,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.92%
Return on Assets0.36%
Return on Equity4.05%
Interest Income$423,000
Rates

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Locations


Portland Maine Police Department Credit Union Locations
Branch Office50 COUNTY WAYPORTLAND, ME 04102
Branch Office109 MIDDLE STPORTLAND, ME 04101