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Overview / Commentary
207-872-2636
12 Monument St
Winslow, ME 04901

Winslow Community Credit Union is headquartered in WINSLOW and is the 50th largest credit union in the state of Maine. It is also the 2,943rd largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 10 employees and 4,134 members. Winslow Community Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in the following municipalities in the State of Maine: Fairfield, Freedom, Palermo, Unity, Burnham, Albion, Benton, China, Clinton, Oakland, Sidney, Vassalboro, Waterville or Winslow. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Winslow Community Credit Union has a 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 Winslow Community Credit Union had $101,000 in non-current loans and owned real-estate with $2.84 million in equity and loan loss allowances on hand to cover it. This gives Winslow Community Credit Union a Texas Ratio of 3.55% 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 Winslow Community Credit Union experienced no significant changes from 1.55% as of March 31, 2013 to 3.55% as of March 31, 2014, resulting in a negative change of 129.02%. This indicates that the balance sheet and financial strength for Winslow Community Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Winslow Community Credit Union has increased its total deposits by $1.58 million, resulting in 6.02% 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 Winslow Community 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. Winslow Community Credit Union has $30.73 million in assets with $2.84 million in equity, resulting in a capitalization level of 9.25%, which is average.

Institution Statistics

Overall
NCUA #12396
Year Chartered1958
Employees10
Primary Regulator
Assets and Liabilities
Assets$30.73 million
Loans$19.07 million
Deposits$27.90 million
Equity Capital$2.75 million
Loan Loss Allowance$95,000
Unbacked Noncurrent Loans$101,000
Real Estate Owned$0
Historic Data - March 2013
Assets$28.95 million
Equity Capital$2.56 million
Loan Loss Allowance$82,000
Unbacked Noncurrent Loans$101,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.09%
Return on Assets0.57%
Return on Equity6.4%
Interest Income$257,000
Rates
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Winslow Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--IRA Share
0.10%$25-Share Savings
0.10%--Clubs Savings

Winslow Community Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Money Market Account

Winslow Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.16%$1k-60 Month CD
0.95%$1k-48 Month CD
0.85%$1k-36 Month CD
0.65%$1k-24 Month CD
0.50%$1k-12 Month CD
0.30%$1k-6 Month CD
Locations


Winslow Community Credit Union Locations
Branch Office2 LEDGEVIEW DRWESTBROOK, ME 04092
Branch Office12 MONUMENT STWINSLOW, ME 04901