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Overview / Commentary
207-375-6538
2 Middle Rd
Sabattus, ME 04280

Sabattus Regional Credit Union is headquartered in Sabattus and is the 48th largest credit union in the state of Maine. It is also the 2,737th largest credit union in the nation. It was established in 1957 and as of March of 2014, it had grown to 12 employees and 4,180 members. Sabattus Regional Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in the towns of Manchester, Hallowell, Farmingdale, West Gardiner, Litchfield, Monmouth, Leeds, Greene, Wales, Sabattus, Lisbon, Durham, Bowdoin, Bowdoinham, Richmond or Topsham or Maine cities of Auburn or Lewiston. - See Details

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Health

Data for Q1 2014

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. Sabattus Regional Credit Union has a low asset base.

Texas Ratio

GRADE:
A

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 Sabattus Regional Credit Union had $404,000 in non-current loans and owned real-estate with $4.15 million in equity and loan loss allowances on hand to cover it. This gives Sabattus Regional Credit Union a Texas Ratio of 9.73% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Sabattus Regional Credit Union experienced no significant changes from 6.45% as of March 31, 2013 to 9.73% as of March 31, 2014, resulting in a negative change of 50.92%. This indicates that the balance sheet and financial strength for Sabattus Regional Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Sabattus Regional Credit Union has increased its total deposits by $647,000, resulting in 2.09% 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 Sabattus Regional Credit Union has shown is above average.

Capitalization

GRADE:
A

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. Sabattus Regional Credit Union has $35.85 million in assets with $4.15 million in equity, resulting in a capitalization level of 11.58%, which is excellent.

Institution Statistics

Overall
NCUA #64062
Year Chartered1957
Employees12
Primary Regulator
Assets and Liabilities
Assets$35.85 million
Loans$17.07 million
Deposits$31.67 million
Equity Capital$4.05 million
Loan Loss Allowance$103,000
Unbacked Noncurrent Loans$379,000
Real Estate Owned$25,000
Historic Data - March 2013
Assets$34.99 million
Equity Capital$3.81 million
Loan Loss Allowance$85,000
Unbacked Noncurrent Loans$379,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.2%
Return on Assets0.29%
Return on Equity2.57%
Interest Income$255,000
Rates
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Sabattus Regional Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Flex Account
0.25%--IRA Savings Club Account
0.10%$25-Regular Share Account
0.10%$25-Youth Share (Monty Moose) Account
0.10%--All Purpose Club Account
0.10%--Christmas Club Account

Sabattus Regional Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.40%$500-5 Year CD
1.10%$500-4 Year CD
0.85%$500-3 Year CD
0.60%$500-2 Year CD
0.40%$500-1 Year CD
0.25%$500-6 Month CD

Sabattus Regional Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.40%$500-5 Year IRA
1.10%$500-4 Year IRA
0.85%$500-3 Year IRA
0.60%$500-2 Year IRA
0.40%$500-1 Year IRA
0.25%$500-6 Month IRA
Locations


Sabattus Regional Credit Union Locations
Branch Office2 Middle RdSabattus, ME 04280