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Overview / Commentary
800-852-1012
44 Edison Dr
Augusta, ME 04330-6033

Trademark Federal Credit Union is headquartered in Augusta and is the 32nd largest credit union in the state of Maine. It is also the 1,762nd largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 23 employees and 9,706 members. Trademark Federal Credit Union has a A 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

Reviews (1)

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!



Health

Data for Q1 2014

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Trademark Federal Credit Union has a relatively 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 Trademark Federal Credit Union had $301,000 in non-current loans and owned real-estate with $9.64 million in equity and loan loss allowances on hand to cover it. This gives Trademark Federal Credit Union a Texas Ratio of 3.12% 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 Trademark Federal Credit Union experienced no significant changes from 1.57% as of March 31, 2013 to 3.12% as of March 31, 2014, resulting in a negative change of 98.38%. This indicates that the balance sheet and financial strength for Trademark Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Trademark Federal Credit Union has increased its total deposits by $3.71 million, resulting in 5.6% 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 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. Trademark Federal Credit Union has $79.74 million in assets with $9.64 million in equity, resulting in a capitalization level of 12.09%, which is excellent.

Institution Statistics

Overall
NCUA #1133
Year Chartered1936
Employees23
Primary Regulator
Assets and Liabilities
Assets$79.74 million
Loans$42.42 million
Deposits$69.94 million
Equity Capital$9.46 million
Loan Loss Allowance$178,000
Unbacked Noncurrent Loans$301,000
Real Estate Owned$0
Historic Data - March 2013
Assets$76.14 million
Equity Capital$9.53 million
Loan Loss Allowance$128,000
Unbacked Noncurrent Loans$301,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.09%
Return on Assets0.08%
Return on Equity0.63%
Interest Income$580,000
Rates
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Trademark Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$25-IRA Account
0.40%$25-Educational IRA Accumulator Account
0.40%$25-Roth IRA Account
0.30%$25k-Regular Savings Account
0.20%--Christmas Club Account
0.20%--Other Club Account

Trademark Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
1.60%$1k-5 Year IRA Certificate
1.10%$1k-3 Year IRA Certificate
0.80%$1k-2 Year IRA Certificate
0.55%$1k-1 Year IRA Certificate
Locations


Trademark Federal Credit Union Locations
Branch Office145 Pleasant Hill RdScarborough, ME 04074
Branch Office44 Edison DrAugusta, ME 04330-6033
Branch Office162 Canco RdPortland, ME 04103