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Overview / Commentary
207-623-3857
85 Civic Center Drive
Augusta, ME 04330

Connected Credit Union is headquartered in AUGUSTA and is the 50th largest credit union in the state of Maine. It is also the 2,659th largest credit union in the nation. It was established in 1967 and as of September of 2016, it had grown to 10 employees and 3,950 members at 2 locations. Connected Credit Union has a B+ health rating.

Field of Membership Restrictions

Connected CU of Maine is open to any educator anywhere in the State, as well as residents and people that maintain employment in Kennebec and Somerset Counties.
See current membership details

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Health
B+
Additional 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. Connected Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #62976
Year Chartered1967
Employees10
Primary Regulator
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD4.26%
Annual Interest Income$860.00K
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$37.2MM$34.3MM
LoansQ3 2016vs Q3 2015$22.3MM$21.8MM
DepositsQ3 2016vs Q3 2015$32.8MM$30.1MM
Equity CapitalQ3 2016vs Q3 2015$4.2MM$4.0MM
Loan Loss AllowanceQ3 2016vs Q3 2015$71.00K$78.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$33.00K$73.00K
Real Estate OwnedQ3 2016vs Q3 2015$1,000$0
Rates

Rates for Connected Credit Union are currently being reviewed.

Locations


Connected Credit Union Locations
Branch Office85 Civic Center DriveAUGUSTA, ME 04330
Branch Office40 Pierce DrAugusta, ME 04330