Katahdin Federal Credit Union

Overview / Commentary
1000 Central Street
Millinocket, ME 04462

Katahdin Federal Credit Union is headquartered in Millinocket and is the 37th 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 December of 2022, it had grown to 22 employees and 8,108 members at 2 locations. Katahdin Federal Credit Union 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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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

NCUA #9348
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD8.34%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$94.6MM$95.2MM
LoansQ4 2022vs Q4 2021$63.3MM$56.1MM
DepositsQ4 2022vs Q4 2021$82.0MM$82.5MM
Equity CapitalQ4 2022vs Q4 2021$12.5MM$12.2MM
Loan Loss AllowanceQ4 2022vs Q4 2021$183.00K$201.00K
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$306.00K$172.00K
Real Estate OwnedQ4 2022vs Q4 2021$0$0

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

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