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Overview / Commentary
312 Main St
Saco, ME 04072-1515

Saco Valley Credit Union is headquartered in Saco and is the 25th largest credit union in the state of Maine. It is also the 1,541st largest credit union in the nation. It was established in 1947 and as of March of 2014, it had grown to 20 employees and 8,460 members. Saco Valley Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, attend school or worship in Cumberland or York 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. Saco Valley 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 Saco Valley Credit Union had $841,000 in non-current loans and owned real-estate with $9.46 million in equity and loan loss allowances on hand to cover it. This gives Saco Valley Credit Union a Texas Ratio of 8.89% 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 Saco Valley Credit Union decreased dramatically from 14.99% as of March 31, 2013 to 8.89% as of March 31, 2014, resulting in a positive change of 40.69%.This indicates that the balance sheet and financial strength for Saco Valley Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Saco Valley Credit Union has decreased its total deposits by -$1.41 million, resulting in -1.56% 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 Saco Valley Credit Union has shown is 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. Saco Valley Credit Union has $98.16 million in assets with $9.46 million in equity, resulting in a capitalization level of 9.64%, which is above average.

Institution Statistics

NCUA #68324
Year Chartered1947
Primary Regulator
Assets and Liabilities
Assets$98.16 million
Loans$70.49 million
Deposits$89.01 million
Equity Capital$9.03 million
Loan Loss Allowance$427,000
Unbacked Noncurrent Loans$211,000
Real Estate Owned$630,000
Historic Data - March 2013
Assets$98.81 million
Equity Capital$8.15 million
Loan Loss Allowance$401,000
Unbacked Noncurrent Loans$211,000
Real Estate Owned$315,000
Profit Margin - Quarterly
Return on Assets0.84%
Return on Equity9.08%
Interest Income$923,000
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Saco Valley Credit Union Savings Account Rates

0.40%$100k-High-Yield Savings
0.25%--IRA Club Account
0.20%$10k-Share Savings
0.20%$10k-Whiz Kid Savings
0.20%$10k-Christmas Club
0.20%$10k-Vacation Club

Saco Valley Credit Union CD Rates

1.81%$50k-60 Month CD
1.61%$50k-48 Month CD
1.36%$50k-36 Month CD
1.01%$50k-24 Month CD
0.70%$50k-18 Month CD
0.55%$50k-12 Month CD
0.45%$50k-6 Month CD

Saco Valley Credit Union IRA Rates

1.81%$50k-60 Month IRA
1.61%$50k-48 Month IRA
1.36%$50k-36 Month IRA
1.01%$50k-24 Month IRA
0.70%$50k-18 Month IRA
0.55%$50k-12 Month IRA
0.45%$50k-6 Month IRA

Saco Valley Credit Union Locations
Branch Office860 Main StWaterboro, ME 04087-3013
Branch Office500 Main StSaco, ME 04072-1530
Branch Office312 Main StSaco, ME 04072-1515