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Overview / Commentary
877-318-3838
82 Bennett Drive
Caribou, ME 04736

The County Credit Union is headquartered in Caribou and is the 10st largest credit union in the state of Maine. It is also the 947th largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 41 employees and 16,876 members. The County Credit Union has a B+ health rating.

Field of Membership Restrictions

Any person living or working in the stated communities at the site. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

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 The County Credit Union had $1.74 million in non-current loans and owned real-estate with $19.49 million in equity and loan loss allowances on hand to cover it. This gives The County Credit Union a Texas Ratio of 8.92% 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 The County Credit Union experienced no significant changes from 6.72% as of December 31, 2012 to 8.92% as of December 31, 2013, resulting in a negative change of 32.67%. This indicates that the balance sheet and financial strength for The County Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, The County Credit Union has increased its total deposits by $6.23 million, resulting in 3.81% 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 The County Credit Union has shown is excellent.

Capitalization

GRADE:
B+

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. The County Credit Union has $190.08 million in assets with $19.49 million in equity, resulting in a capitalization level of 10.26%, which is above average.

Institution Statistics

Overall
NCUA #10794
Year Chartered1956
Employees41
Primary Regulator
Assets and Liabilities
Assets$190.08 million
Loans$127.21 million
Deposits$169.60 million
Equity Capital$19.34 million
Loan Loss Allowance$156,000
Unbacked Noncurrent Loans$1.73 million
Real Estate Owned$7,000
Historic Data - December 2012
Assets$182.71 million
Equity Capital$18.20 million
Loan Loss Allowance$108,000
Unbacked Noncurrent Loans$1.73 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.71%
Return on Assets0.7%
Return on Equity6.85%
Interest Income$6.29 million
Rates
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The County Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$100k-Premium Savings Account
0.25%$100-IRA Club Account
0.25%$100-Roth IRA Club Account
0.25%$100-Educational IRA Club Account
0.20%--Share Account
0.10%$2,500-HSA Account

The County Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$2,500-Draft Account

The County Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.02%$500-5 Year Share Certificate
1.51%$500-4 Year Share Certificate
1.26%$500-3 Year Share Certificate
0.90%$500-2 Year Share Certificate
0.70%$500-18 Month Share Certificate
0.60%$500-1 Year Share Certificate
0.40%$1k-6 Month Share Certificate
0.30%$1k-3 Month Share Certificate

The County Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.02%$500-5 Year IRA Certificate (Traditional,Roth,CESA)
1.51%$500-4 Year IRA Certificate (Traditional,Roth,CESA)
1.26%$500-3 Year IRA Certificate (Traditional,Roth,CESA)
0.90%$500-2 Year IRA Certificate (Traditional,Roth,CESA)
0.70%$500-18 Month IRA Certificate (Traditional,Roth,CESA)
0.60%$500-1 Year IRA Certificate (Traditional,Roth,CESA)
0.40%$1k-6 Month IRA Certificate (Traditional,Roth,CESA)
0.30%$1k-3 Month IRA Certificate (Traditional,Roth,CESA)
Locations


The County Credit Union Locations
Branch Office82 Bennett DrCaribou, ME 04736
Branch Office82 Bennett DrCaribou, ME 04736
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