Sebasticook Valley Credit Union
Sebasticook Valley Credit Union is headquartered in PITTSFIELD and is the 31st largest credit union in the state of Maine. It is also the 1,754th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 24 employees and 10,493 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 Q1 2014
Institution Health
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 Sebasticook Valley Credit Union had $793,000 in non-current loans and owned real-estate with $7.6 million in equity and loan loss allowances on hand to cover it. This gives Sebasticook Valley Credit Union a Texas Ratio of 10.44% 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 Sebasticook Valley Credit Union decreased dramatically from 17.25% as of March 31, 2013 to 10.44% as of March 31, 2014, resulting in a positive change of 39.48%.This indicates that the balance sheet and financial strength for Sebasticook Valley Credit Union has improved dramatically in recent periods.
Deposit Growth
In the past year, Sebasticook Valley Credit Union has increased its total deposits by $2.43 million, resulting in 3.48% 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 $80.34 million in assets with $7.6 million in equity, resulting in a capitalization level of 9.46%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 8936 |
| Year Chartered | 1953 |
| Employees | 24 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $80.34 million |
| Loans | $67.17 million |
| Deposits | $72.38 million |
| Equity Capital | $7.34 million |
| Loan Loss Allowance | $257,000 |
| Unbacked Noncurrent Loans | $531,000 |
| Real Estate Owned | $262,000 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $76.61 million |
| Equity Capital | $6.54 million |
| Loan Loss Allowance | $261,000 |
| Unbacked Noncurrent Loans | $531,000 |
| Real Estate Owned | $153,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 1.11% |
| Return on Assets | 1.19% |
| Return on Equity | 13.02% |
| Interest Income | $859,000 |
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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 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 | |
| 1.05% | $500 | - | 36 Month IRA Certificate | |
| 0.80% | $500 | - | 24 Month IRA Certificate | |
| 0.50% | $500 | - | 18 Month IRA Certificate | |
| 0.40% | $500 | - | 12 Month IRA Certificate | |
| 0.35% | $500 | - | 6 Month IRA Certificate | |
| 0.30% | $500 | - | 3 Month IRA Certificate |
| 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 |