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Overview / Commentary
P.O. Box 741
Lewiston, ME 04243

Rainbow Credit Union is headquartered in Lewiston and is the 11st largest credit union in the state of Maine. It is also the 992nd largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 53 employees and 21,443 members. Rainbow Credit Union has a A+ health rating.

Field of Membership Restrictions

Must live, work or attend school in Androscoggin County, Oxford County or New Gloucester. - See Details

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Data for Q4 2013

Institution Health


Texas Ratio


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 Rainbow Credit Union had $1.14 million in non-current loans and owned real-estate with $22.54 million in equity and loan loss allowances on hand to cover it. This gives Rainbow Credit Union a Texas Ratio of 5.07% 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 Rainbow Credit Union decreased slightly from 6.42% as of December 31, 2012 to 5.07% as of December 31, 2013, resulting in a positive change of 21.07%.This indicates that the balance sheet and financial strength for Rainbow Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Rainbow Credit Union has increased its total deposits by $3.58 million, resulting in 2.66% 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 Rainbow Credit Union has shown is above average.



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. Rainbow Credit Union has $179.5 million in assets with $22.54 million in equity, resulting in a capitalization level of 12.56%, which is excellent.

Institution Statistics

NCUA #11144
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$179.50 million
Loans$117.85 million
Deposits$138.05 million
Equity Capital$22.11 million
Loan Loss Allowance$436,000
Unbacked Noncurrent Loans$694,000
Real Estate Owned$449,000
Historic Data - December 2012
Assets$169.84 million
Equity Capital$20.60 million
Loan Loss Allowance$618,000
Unbacked Noncurrent Loans$694,000
Real Estate Owned$477,000
Profit Margin - Quarterly
Net Interest Margin3.89%
Return on Assets0.7%
Return on Equity5.71%
Interest Income$5.46 million

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Rainbow Credit Union Savings Account Rates

0.25%--IRA Variable
0.25%--Roth IRA Variable
0.25%--CESA Variable

Rainbow Credit Union Money Market Rates

0.35%$50k-Variable Money Market

Rainbow Credit Union Checking Account Rates

0.05%$500-Share Draft

Rainbow Credit Union CD Rates

1.36%$90k-5 Year Jumbo CD
1.31%$500-5 Year CD
1.11%$90k-4 Year Jumbo CD
1.01%$500-4 Year CD
0.90%$90k-3 Year Jumbo CD
0.80%$500-3 Year CD
0.70%$90k-2 Year Jumbo CD
0.60%$500-2 Year CD
0.50%$500-15 Month CD
0.50%$90k-1 Year Jumbo CD
0.40%$500-1 Year CD
0.40%$90k-6 Month Jumbo CD
0.30%$500-6 Month CD
0.10%$500-3 Month CD

Rainbow Credit Union IRA Rates

1.36%$90k-5 Year Jumbo IRA (Traditional,Roth,CESA)
1.31%$500-5 Year IRA (Traditional,Roth,CESA)
1.11%$90k-4 Year Jumbo IRA (Traditional,Roth,CESA)
1.01%$500-4 Year IRA (Traditional,Roth,CESA)
0.90%$90k-3 Year Jumbo IRA (Traditional,Roth,CESA)
0.80%$500-3 Year IRA (Traditional,Roth,CESA)
0.70%$90k-2 Year Jumbo IRA (Traditional,Roth,CESA)
0.60%$500-2 Year IRA (Traditional,Roth,CESA)
0.50%$90k-1 Year Jumbo IRA (Traditional,Roth,CESA)
0.40%$500-1 Year IRA (Traditional,Roth,CESA)
0.40%$90k-6 Month Jumbo IRA (Traditional,Roth,CESA)

Rainbow Credit Union Locations
Branch Office391 Main StLewiston, ME 04240
Branch Office209 Lincoln AveRumford, ME 04276
Branch Office1 Pionite RdAuburn, ME 04210
Branch Office172 Pine StSouth Paris, ME 04281
Branch Office20 Washington St NAuburn, ME 04210
Branch Office1 Lewiston StMechanic Falls, ME 04256