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Overview / Commentary
800-639-2802
1516 Main St
Sanford, ME 04073-2409

York County Credit Union is headquartered in Sanford and is the 9th largest credit union in the state of Maine. It is also the 918st largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 62 employees and 18,329 members. York County Credit Union's savings rates are 94% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Membership is open to anyone who lives, works, worships or attends school in York County. Additionally, family of those eligible to join can also become a member. - See Details

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Health

Data for Q1 2014

Institution Health

A

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 York County Credit Union had $973,000 in non-current loans and owned real-estate with $21.15 million in equity and loan loss allowances on hand to cover it. This gives York County Credit Union a Texas Ratio of 4.60% 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 York County Credit Union experienced no significant changes from 2.18% as of March 31, 2013 to 4.60% as of March 31, 2014, resulting in a negative change of 110.86%. This indicates that the balance sheet and financial strength for York County Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, York County Credit Union has increased its total deposits by $10.03 million, resulting in 6.34% 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 York County Credit Union 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. York County Credit Union has $205.34 million in assets with $21.15 million in equity, resulting in a capitalization level of 10.30%, which is above average.

Institution Statistics

Overall
NCUA #9508
Year Chartered1954
Employees62
Primary Regulator
Assets and Liabilities
Assets$205.34 million
Loans$165.47 million
Deposits$168.33 million
Equity Capital$20.39 million
Loan Loss Allowance$761,000
Unbacked Noncurrent Loans$678,000
Real Estate Owned$295,000
Historic Data - March 2013
Assets$198.65 million
Equity Capital$18.59 million
Loan Loss Allowance$1.07 million
Unbacked Noncurrent Loans$678,000
Real Estate Owned$115,000
Profit Margin - Quarterly
Net Interest Margin1.12%
Return on Assets0.96%
Return on Equity9.69%
Interest Income$2.25 million
Rates
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York County Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.01%-$10kKasasa Saver - Qualifying
0.10%$25-Member Savings
0.10%$25-Youth Savings
0.05%--Kasasa Saver - Non Qualifying

York County Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.50%-$10kKasasa Cash - Qualifying
0.05%--Kasasa Cash - Non Qualifying

York County Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.71%$500-5 Year Share Certificate
0.50%$500-6 Month Share Certificate
0.50%$500-1 Year Share Certificate
0.25%$500-3 Month Share Certificate

York County Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.71%$500-5 Year IRA Certificate
0.50%$500-6 Month IRA Certificate
0.50%$500-1 Year IRA Certificate
0.25%$500-3 Month IRA Certificate
Locations


York County Credit Union Locations
Branch Office870 Main StSanford, ME 04073
Branch Office477 Main StSaco, ME 04072
Branch Office75 Boulder WayBiddeford, ME 04005
Branch Office1 York StYork, ME 03909
Branch Office1516 Main StSanford, ME 04073-2409