Sebasticook Valley Credit Union
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
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 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
The Texas Ratio for Sebasticook Valley Credit Union held steady 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 held steady in recent periods.
Deposit Growth
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
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 Chartered | 1953 |
| Employees | 24 |
| 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 Margin | 4.08% |
| Return on Assets | 0.88% |
| Return on Equity | 9.77% |
| Interest Income | $3.32 million |
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Sebasticook Valley Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.30% | $100k | - | Money Market |
Sebasticook Valley Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.00% | - | - | Share Draft Account |
Sebasticook Valley Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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) |
| Sebasticook Valley Credit Union Locations | ||
|---|---|---|
| Branch Office | 87 moosehead trl | NEWPORT, ME 04953 |
| Branch Office | 505 SOMERSET AVE | PITTSFIELD, ME 04967 |
| Branch Office | 266 Williams Rd | newport, ME 04953 |