Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
207-487-5576
Pob 10
Pittsfield, ME 04967

Sebasticook Valley Credit Union is headquartered in PITTSFIELD and is the 30th largest credit union in the state of Maine. It is also the 1,745th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 24 employees and 10,402 members. Sebasticook Valley Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, attend school or worship in the towns of Pittsfield, Newport, Corinna, Burnham, Detroit, Dixmont, Etna, Hartland, St. Albans, Stetson, Palmyra, Plymouth, Cambridge, Dexter, Exeter, Garland, Harmony or Ripley. - See Details

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

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. Sebasticook Valley Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
B

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 Sebasticook Valley Credit Union had $1.31 million in non-current loans and owned real-estate with $7.42 million in equity and loan loss allowances on hand to cover it. This gives Sebasticook Valley Credit Union a Texas Ratio of 17.65% which is above 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 Sebasticook Valley Credit Union experienced no significant changes from 15.05% as of December 31, 2012 to 17.65% as of December 31, 2013, resulting in a negative change of 17.29%. This indicates that the balance sheet and financial strength for Sebasticook Valley Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Sebasticook Valley Credit Union has increased its total deposits by $2.55 million, resulting in 3.79% 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 Sebasticook Valley Credit Union has shown is excellent.

Capitalization

GRADE:
C+

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. Sebasticook Valley Credit Union has $78.69 million in assets with $7.42 million in equity, resulting in a capitalization level of 9.43%, which is average.

Institution Statistics

Overall
NCUA #8936
Year Chartered1953
Employees24
Primary Regulator
Assets and Liabilities
Assets$78.69 million
Loans$68.20 million
Deposits$69.84 million
Equity Capital$7.10 million
Loan Loss Allowance$315,000
Unbacked Noncurrent Loans$1.07 million
Real Estate Owned$235,000
Historic Data - December 2012
Assets$77.79 million
Equity Capital$6.41 million
Loan Loss Allowance$253,000
Unbacked Noncurrent Loans$1.07 million
Real Estate Owned$95,000
Profit Margin - Quarterly
Net Interest Margin4.08%
Return on Assets0.88%
Return on Equity9.77%
Interest Income$3.32 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Sebasticook Valley Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Sebasticook Valley Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--IRA Share Account
0.15%--Roth IRA Share Account
0.10%--Share Savings Account
0.10%--Club Account

Sebasticook Valley Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Money Market

Sebasticook Valley Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Share Draft Account

Sebasticook Valley Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-48 Month Share Certificate
1.05%$500-36 Month Share Certificate
0.80%$500-24 Month Share Certificate
0.50%$500-18 Month Share Certificate
0.40%$500-12 Month Share Certificate
0.35%$500-6 Month Share Certificate
0.30%$500-3 Month Share Certificate

Sebasticook Valley Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-48 Month IRA Certificate (Traditional,Roth)
1.05%$500-36 Month IRA Certificate (Traditional,Roth)
0.80%$500-24 Month IRA Certificate (Traditional,Roth)
0.50%$500-18 Month IRA Certificate (Traditional,Roth)
0.40%$500-12 Month IRA Certificate (Traditional,Roth)
0.35%$500-6 Month IRA Certificate (Traditional,Roth)
0.30%$500-3 Month IRA Certificate (Traditional,Roth)
Locations


Sebasticook Valley Credit Union Locations
Branch Office87 moosehead trlNEWPORT, ME 04953
Branch Office505 SOMERSET AVEPITTSFIELD, ME 04967
Branch Office266 Williams Rdnewport, ME 04953