Trademark Federal Credit Union
Trademark Federal Credit Union is headquartered in Augusta and is the 32nd largest credit union in the state of Maine. It is also the 1,818st largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 23 employees and 9,760 members. Trademark Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Chartered in 1936, the Credit Union has been proudly serving the employees of Hannaford Bros. Co. and Central Maine Power Co. and their subsidiaries for seventy-five years! Trademark Federal Credit Union was formed when these two credit unions decided to join forces in 2010. The result is a member-focused Credit Union now serving the employees and their families of a growing number of great companies. - See Details
Account Freezes
I would NOT recommend this bank! When I lost my job, and was on one income, our checking account was frozen. They failed to let us know. So as checks tried to go threw they couldn't, so we began getting 25.00 fees, even tho the $ was there! They would not help with the fees, which left us with $150.00 fees! That was hard earned $ to feed our kids! They do not help! We went into Evergreen CU, and they were willing to help in ANY way, they felt bad. Trademark FCU has NO HEART when it comes to customers, they don't greet you with a smile, offer coffee, or even a friendly token for joining. Go elsewhere ,you will get better service! Oh yeah, when we had two incomes we asked specifically for $ to go into certain accounts, they put it in the wrong account! Talk about LAX!
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 Trademark Federal Credit Union had $217,000 in non-current loans and owned real-estate with $9.59 million in equity and loan loss allowances on hand to cover it. This gives Trademark Federal Credit Union a Texas Ratio of 2.26% 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 Trademark Federal Credit Union experienced no significant changes from 1.87% as of December 31, 2012 to 2.26% as of December 31, 2013, resulting in a negative change of 21.16%. This indicates that the balance sheet and financial strength for Trademark Federal Credit Union has had no significant changes in recent periods.
Deposit Growth
In the past year, Trademark Federal Credit Union has increased its total deposits by $612,000, resulting in 0.97% 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 Trademark Federal Credit Union has shown is above average.
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. Trademark Federal Credit Union has $73.23 million in assets with $9.59 million in equity, resulting in a capitalization level of 13.10%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 1133 |
| Year Chartered | 1936 |
| Employees | 23 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $73.23 million |
| Loans | $42.84 million |
| Deposits | $63.44 million |
| Equity Capital | $9.44 million |
| Loan Loss Allowance | $151,000 |
| Unbacked Noncurrent Loans | $217,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $72.72 million |
| Equity Capital | $9.57 million |
| Loan Loss Allowance | $128,000 |
| Unbacked Noncurrent Loans | $217,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.35% |
| Return on Assets | -0.13% |
| Return on Equity | -1.04% |
| Interest Income | $2.40 million |
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Trademark Federal Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.40% | $25 | - | IRA Account | |
| 0.40% | $25 | - | Educational IRA Accumulator Account | |
| 0.40% | $25 | - | Roth IRA Account | |
| 0.30% | $10k | - | Regular Savings Account | |
| 0.20% | - | - | Christmas Club Account | |
| 0.20% | - | - | Other Club Account |
Trademark Federal Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.60% | $1k | - | 5 Year Share Certificate | |
| 1.10% | $1k | - | 3 Year Share Certificate | |
| 0.80% | $1k | - | 2 Year Share Certificate | |
| 0.55% | $1k | - | 1 Year Share Certificate | |
| 0.55% | $25 | - | 1 Year Youth Certificate | |
| 0.40% | $1k | - | 6 Month Share Certificate | |
| 0.40% | $25 | - | 6 Month Youth Certificate |
Trademark Federal Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.60% | $1k | - | 5 Year IRA Certificate (Traditional,Roth,CESA) | |
| 1.10% | $1k | - | 3 Year IRA Certificate (Traditional,Roth,CESA) | |
| 0.80% | $1k | - | 2 Year IRA Certificate (Traditional,Roth,CESA) | |
| 0.55% | $1k | - | 1 Year IRA Certificate (Traditional,Roth,CESA) |
| Trademark Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 145 Pleasant Hill Rd | Scarborough, ME 04074 |
| Branch Office | 44 Edison Dr | Augusta, ME 04330-6033 |
| Branch Office | 162 Canco Rd | Portland, ME 04103 |