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Overview / Commentary
207-775-8371
405 Western Avenue #515 P.O. Box 9421
South Portland, ME 04116

Semiconductor Of Maine Credit Union is headquartered in South Portland and is the 57th largest credit union in the state of Maine. It is also the 3,975th largest credit union in the nation. It was established in 1966 and as of March of 2014, it had grown to 3 employees and 1,415 members. Semiconductor Of Maine Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee, retiree or resident contractor at Idexx Laboratories, Fairchild Semiconductor or National Semiconductor in South Portland, Maine. Also open to employees of Saco Bay Physical Therapy - 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. Semiconductor Of Maine 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 Semiconductor Of Maine Credit Union had $9,000 in non-current loans and owned real-estate with $1.91 million in equity and loan loss allowances on hand to cover it. This gives Semiconductor Of Maine Credit Union a Texas Ratio of 0.47% 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 Semiconductor Of Maine Credit Union experienced no significant changes from 0.48% as of March 31, 2013 to 0.47% as of March 31, 2014, resulting in a positive change of 2.62%.This indicates that the balance sheet and financial strength for Semiconductor Of Maine Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Semiconductor Of Maine Credit Union has increased its total deposits by $471,000, resulting in 3.83% 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 Semiconductor Of Maine Credit Union has shown is excellent.

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. Semiconductor Of Maine Credit Union has $14.64 million in assets with $1.91 million in equity, resulting in a capitalization level of 13.03%, which is excellent.

Institution Statistics

Overall
NCUA #17436
Year Chartered1966
Employees3
Primary Regulator
Assets and Liabilities
Assets$14.64 million
Loans$9.23 million
Deposits$12.75 million
Equity Capital$1.87 million
Loan Loss Allowance$34,000
Unbacked Noncurrent Loans$9,000
Real Estate Owned$0
Historic Data - March 2013
Assets$14.12 million
Equity Capital$1.82 million
Loan Loss Allowance$33,000
Unbacked Noncurrent Loans$9,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.97%
Return on Assets0.55%
Return on Equity4.27%
Interest Income$108,000
Rates
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Semiconductor Of Maine Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%--IRA Savings Account
0.10%--Club Account
0.10%--Christmas Club Account
0.05%$25-Share Account

Semiconductor Of Maine Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$10k-Money Market Account

Semiconductor Of Maine Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.76%$500-60 Month CD
1.41%$500-48 Month CD
0.90%$500-36 Month CD
0.75%$500-30 Month CD
0.60%$500-24 Month CD
0.50%$500-18 Month CD
0.40%$500-12 Month CD
0.30%$500-6 Month CD
0.25%$500-3 Month CD
Locations


Semiconductor Of Maine Credit Union Locations
Branch Office333 Western Ave Bldg 7South Portland, ME 04106
Branch Office333 Western Ave Bldg 7South Portland, ME 04106