Katahdin Federal Credit Union


Overview / Commentary
207-723-9718
1000 Central Street
Millinocket, ME 04462

Katahdin Federal Credit Union is headquartered in Millinocket and is the 33rd largest credit union in the state of Maine. It is also the 1,888th largest credit union in the nation. It was established in 1954 and as of June of 2019, it had grown to 20 employees and 7,970 members at 2 locations. Katahdin Federal Credit Union's CD rates are 68% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Katahdin Federal Credit Union is open to anyone who lives, works, worships or attends school in the Maine counties of Penobscot or Piscataquis, or the towns of Amity, Bancroft, Crystal, Cary Plantation, Dyer Brook, Haynesville, Glenwood Plantation, Hersey, Houton, Hodgdon, Island Falls, Littleton, Linneus, Macwahoc Plantation, Moro Plantation, Merrill, New Limerick, Orient, Oakfield, Reed Plantation, Smyrna Mills, Sherman, Weston, or South Aroostook Unorganized Territories. Immediate family members are also eligible to join.
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. Katahdin Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #9348
Year Chartered1954
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD8.05%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$76.7MM$78.7MM
LoansQ2 2019vs Q2 2018$60.6MM$57.3MM
DepositsQ2 2019vs Q2 2018$66.0MM$66.6MM
Equity CapitalQ2 2019vs Q2 2018$10.6MM$9.7MM
Loan Loss AllowanceQ2 2019vs Q2 2018$242.00K$205.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$556.00K$604.00K
Real Estate OwnedQ2 2019vs Q2 2018$27.00K$43.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Katahdin Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$25-IRA Share
0.25%*$25k*-Share Savings
OTHER TIERS: 0.05% $25 - $2k | 0.15% $2k - $25k
0.25%*$25k*-Holiday Club Account
OTHER TIERS: 0.05% $25 - $2k | 0.15% $2k - $25k
0.25%*$25k*-Vacation Club Account
OTHER TIERS: 0.05% $25 - $2k | 0.15% $2k - $25k
0.25%*$25k*-Tax Club Account
OTHER TIERS: 0.05% $25 - $2k | 0.15% $2k - $25k
0.25%*$25k*-Special Club Account
OTHER TIERS: 0.05% $25 - $2k | 0.15% $2k - $25k

Katahdin Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$500-60 Month Share Certificate
2.27%$500-48 Month Share Certificate
2.07%$500-36 Month Share Certificate
1.92%$500-24 Month Share Certificate
1.76%$500-18 Month Share Certificate
1.51%$500-12 Month Share Certificate
1.06%$500-9 Month Share Certificate
0.85%$500-6 Month Share Certificate
0.40%$500-3 Month Share Certificate

Katahdin Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$500-60 Month IRA Certificate
2.27%$500-48 Month IRA Certificate
2.07%$500-36 Month IRA Certificate
1.92%$500-24 Month IRA Certificate
1.76%$500-18 Month IRA Certificate
1.51%$500-12 Month IRA Certificate
Locations


Katahdin Federal Credit Union Locations
Branch Office1068 Crystal RdIsland Falls, ME 04747
Branch Office1000 Central StMillinocket, ME 04462-2111

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