Overview / Commentary
Changing Seasons Federal Credit Union is headquartered in Hampden and is the 49th largest credit union in the state of Maine. It is also the 3,133rd largest credit union in the nation. It was established in 1966 and as of June of 2020, it had grown to 10 employees and 2,172 members at 1 location. Changing Seasons Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Changing Seasons Federal Credit Union is open to those who live, work, worship, attend school, or volunteer in Penobscot or Waldo Counties, Maine. Immediate family members of current Changing Seasons members or membership-eligible individuals also qualify to join.
See current membership details
Health
B
Data as of Q2 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Changing Seasons Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 17472 |
| Year Chartered | 1966 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.49% |
| Return on Equity - YTD | -6.1% |
| Annual Interest Income | $534.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $26.1MM$23.4MM |
| Loans | Q2 2020vs Q2 2019 | $21.6MM$18.1MM |
| Deposits | Q2 2020vs Q2 2019 | $24.0MM$21.0MM |
| Equity Capital | Q2 2020vs Q2 2019 | $2.0MM$2.2MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $82.00K$64.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $230.00K$194.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |