Katahdin Federal Credit Union

Overview / Commentary

www.katahdinfcu.org

207-723-9718

1000 Central Street
Millinocket, ME 04462

Katahdin Federal Credit Union is headquartered in Millinocket and is the 33^rd largest credit union in the state of Maine. It is also the 1,888^th 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+

Data as of Q2 2019

Learn why bank health matters

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 Chartered	1954
Employees	20
Primary Regulator

Profit Margin
Return on Assets - YTD	1.11%
Return on Equity - YTD	8.05%
Annual Interest Income	$1.8MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$76.7MM$78.7MM
Loans	Q2 2019vs Q2 2018	$60.6MM$57.3MM
Deposits	Q2 2019vs Q2 2018	$66.0MM$66.6MM
Equity Capital	Q2 2019vs Q2 2018	$10.6MM$9.7MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$242.00K$205.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$556.00K$604.00K
Real Estate Owned	Q2 2019vs Q2 2018	$27.00K$43.00K

Rates

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Savings
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Katahdin Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 Office	1068 Crystal Rd	Island Falls, ME 04747
Branch Office	1000 Central St	Millinocket, ME 04462-2111

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