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Overview / Commentary
207-773-5656
P.O. Box 9420
South Portland, ME 04116

Town & Country Credit Union is headquartered in South Portland and is the 5th largest credit union in the state of Maine. It is also the 785th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 78 employees and 28,730 members. Town & Country Credit Union has a B+ health rating.

Field of Membership Restrictions

You are eligible to join Town & Country Federal Credit Union if you live, work, attend school, or worship in Cumberland or York County, Maine. If you have a family member who meets one of the above criteria or is a current member of this credit union, you are also eligible. Eligibility also includes credit union employees. - 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 Town & Country Credit Union had $2.23 million in non-current loans and owned real-estate with $22.43 million in equity and loan loss allowances on hand to cover it. This gives Town & Country Credit Union a Texas Ratio of 9.96% 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 Town & Country Credit Union experienced no significant changes from 8.55% as of December 31, 2012 to 9.96% as of December 31, 2013, resulting in a negative change of 16.57%. This indicates that the balance sheet and financial strength for Town & Country Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Town & Country Credit Union has increased its total deposits by $11.2 million, resulting in 5.57% 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 Town & Country 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. Town & Country Credit Union has $249.49 million in assets with $22.43 million in equity, resulting in a capitalization level of 8.99%, which is average.

Institution Statistics

Overall
NCUA #8486
Year Chartered1953
Employees78
Primary Regulator
Assets and Liabilities
Assets$249.49 million
Loans$220.19 million
Deposits$212.30 million
Equity Capital$20.64 million
Loan Loss Allowance$1.78 million
Unbacked Noncurrent Loans$2.23 million
Real Estate Owned$0
Historic Data - December 2012
Assets$226.24 million
Equity Capital$20.58 million
Loan Loss Allowance$1.74 million
Unbacked Noncurrent Loans$2.23 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.69%
Return on Assets0.1%
Return on Equity1.16%
Interest Income$10.12 million
Rates

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

Town & Country Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%--IRA
0.15%$25-Savings
0.15%--Youth Savings
0.15%--Club

Town & Country Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Money Market

Town & Country Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
3.01%-$10kFree Rewards Checking
0.05%--Free Rewards Checking

Town & Country Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$500-5 Year Share Certificate
1.20%$500-40 Month Share Certificate
1.10%$500-3 Year Share Certificate
1.00%$500-20 Month Share Certificate
0.80%$500-2 Year Share Certificate
0.50%$500-1 Year Share Certificate
0.40%$500-6 Month Share Certificate
0.20%$500-3 Month Share Certificate

Town & Country Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$500-5 Year IRA Certificate (Traditional,Roth,CESA)
1.20%$500-40 Month IRA Certificate (Traditional,CESA,Roth)
1.10%$500-3 Year IRA Certificate (Traditional,Roth,CESA)
1.00%$500-20 Month IRA Certificate Special (Traditional,CESA,Roth)
0.80%$500-2 Year IRA Certificate (Traditional,Roth,CESA)
0.50%$500-1 Year IRA Certificate (Traditional,Roth,CESA)
0.40%$500-6 Month IRA Certificate (Traditional,Roth,CESA)
0.20%$500-3 Month IRA Certificate (Traditional,Roth,CESA)
Locations


Town & Country Credit Union Locations
Branch Office426 Forest AvePortland, ME 04101-2030
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Branch Office3 Auburn StPortland, ME 04103