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207-889-8500
139 Rangeley Rd
Orono, ME 04469

University Credit Union (ME) is headquartered in Orono and is the 6th largest credit union in the state of Maine. It is also the 821st largest credit union in the nation. It was established in 1967 and as of December of 2013, it had grown to 82 employees and 24,587 members. University Credit Union (ME)'s savings rates are 46% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is primarily open to the students, employees and alumni of the University of Maine system. You also qualify for membership if you are a member, employee or a pensioner of one of UCU's Select Employer Groups. If you are an immediate family member of a person who is associated with any of the sponsor groups, you are also eligible for membership. - See Details

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Reviews (1)

Absolutely Revolting, Pathetic Excuse Of A Company:

This bank has the most unfriendly, unflexible "employees" that I have ever had to encounter. I will NEVER work with this incoherent buisness ever again. I am completely unsatisfied with my loan, the way they present themselves and their services. I will be taking legal action. I was told that I was an inconvinence to them and that they couldn't find anyone fast enough to "handle me" by a woman named Carla. I went through a male and another woman before reaching this "charming" woman. She attacked my personal life as well by saying she doesn't have any clue where I'm coming from. For working in "resolutions" you would think it would be her job to create a positive and helpful solution to bust costumer moral and get the money she is after. I am willing to pay three months early, but I am disgusted with the number of times I was transfered due to their inability or lack of the credentials to understand and answer a simple question. I give University Credit Union negative stars for performance, costumer satisfaction and timeliness.



Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B

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 University Credit Union (ME) had $3.48 million in non-current loans and owned real-estate with $22.62 million in equity and loan loss allowances on hand to cover it. This gives University Credit Union (ME) a Texas Ratio of 15.38% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for University Credit Union (ME) experienced no significant changes from 11.75% as of December 31, 2012 to 15.38% as of December 31, 2013, resulting in a negative change of 30.89%. This indicates that the balance sheet and financial strength for University Credit Union (ME) has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, University Credit Union (ME) has increased its total deposits by $7.25 million, resulting in 4.44% 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 University Credit Union (ME) 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. University Credit Union (ME) has $233.67 million in assets with $22.62 million in equity, resulting in a capitalization level of 9.68%, which is above average.

Institution Statistics

Overall
NCUA #63133
Year Chartered1967
Employees82
Primary Regulator
Assets and Liabilities
Assets$233.67 million
Loans$186.13 million
Deposits$170.43 million
Equity Capital$21.55 million
Loan Loss Allowance$1.07 million
Unbacked Noncurrent Loans$3.35 million
Real Estate Owned$124,000
Historic Data - December 2012
Assets$211.51 million
Equity Capital$20.26 million
Loan Loss Allowance$907,000
Unbacked Noncurrent Loans$3.35 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.14%
Return on Assets0.56%
Return on Equity6.06%
Interest Income$9.13 million
Rates

Always verify rates and promotions with the bank or credit union. We are not University Credit Union (ME), we are a rate comparison website and can not provide official rates or promotions.

University Credit Union (ME) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.76%-$15krewardU saver
0.30%$100k-IRA
0.30%$100k-Roth IRA
0.30%$100k-CESA
0.20%$10k-Emergency Savings Account
0.20%$10k-Health Savings Account
0.15%$2k-Super Shares
0.10%$25-Prime Share
0.10%--Holiday Club
0.10%--All Purpose Club
0.10%--Achievement Account
0.10%--Monty Moose Account
0.07%--Escrows
0.05%--rewardU saver

University Credit Union (ME) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Preferred Money Market
0.15%$5k-Money Market

University Credit Union (ME) Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.50%-$10krewardU checking
1.00%--IOLTA Checking
0.15%$10k-Premier Checking
0.05%--rewardU checking

University Credit Union (ME) CD Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-60 Month CD
1.20%$250-60 Month Monty Moose CD
1.00%$2,500-42 Month CD Special
1.00%$250-42 Month Monty Moose CD Special
0.90%$500-48 Month CD
0.90%$250-48 Month Monty Moose CD
0.75%$500-36 Month CD
0.75%$250-36 Month Monty Moose CD
0.55%$500-24 Month CD
0.55%$250-24 Month Monty Moose CD
0.40%$500-18 Month CD
0.40%$250-18 Month Monty Moose CD
0.35%$1,500-10 Month CD Special
0.35%$250-10 Month Monty Moose CD Special
0.30%$500-12 Month CD
0.30%$250-12 Month Monty Moose CD
0.20%$500-6 Month CD
0.20%$250-6 Month Monty Moose CD

University Credit Union (ME) IRA Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-60 Month IRA (Traditional,Roth,CESA)
1.00%$2,500-42 Month IRA Special (Traditional,Roth,CESA)
0.90%$500-48 Month IRA (Traditional,Roth,CESA)
0.75%$500-36 Month IRA (Traditional,Roth,CESA)
0.55%$500-24 Month IRA (Traditional,Roth,CESA)
0.40%$500-18 Month IRA (Traditional,Roth,CESA)
0.35%$1,500-10 Month IRA Special (Traditional,CESA,Roth)
0.30%$500-12 Month IRA (Traditional,Roth,CESA)
0.20%$500-6 Month IRA (Traditional,Roth,CESA)
Locations


University Credit Union (ME) Locations
Branch Office154 High StFarmington, ME 04938-1930
Branch Office181 Main StPresque Isle, ME 04769
Branch Office1071 Brighton AvePortland, ME 04102
Branch Office391 Forest AvePortland, ME 04101-2001
Branch Office139 Rangeley RdOrono, ME 04469
Branch Office5748 Memorial Un University of MaineOrono, ME 04469
Branch Office977 Union StBangor, ME 04401