2. Katahdin Federal Credit Union

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 34th 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 2018, it had grown to 20 employees and 7,833 members at 2 locations. Katahdin Federal Credit Union's CD rates are 40% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, or attend school in, and businesses and other legal entities located in Penobscot County or Piscataquis County, or the towns of Amity, Bancroft, Cary Plantation, Crystal, Dyer Brook, Glenwood Plantation, Haynesville, Hersey, Hodgdon, Houlton, Island Falls, Linneus, Littleton, Macwahoc Plantatin, Merrill, Moro Plantation, New Limerick, Oakfield, Orient, Reed Plantation, Sherman, Smyrna Mills, South Aroostook Unorganized Territories, or Weston, Maine
See current membership details

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Health
B+

Data as of Q4 2018

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 Chartered1954
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD6.15%
Annual Interest Income$3.3MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$75.0MM$74.7MM
LoansQ4 2018vs Q4 2017$59.5MM$54.9MM
DepositsQ4 2018vs Q4 2017$64.6MM$64.3MM
Equity CapitalQ4 2018vs Q4 2017$10.1MM$9.5MM
Loan Loss AllowanceQ4 2018vs Q4 2017$213.00K$182.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$645.00K$801.00K
Real Estate OwnedQ4 2018vs Q4 2017$14.00K$12.00K
Rates
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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

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
2.79%$500-60 Month Share Certificate
2.48%$500-48 Month Share Certificate
2.27%$500-18 Month Share Certificate
1.97%$500-36 Month Share Certificate
1.71%$500-24 Month Share Certificate
1.26%$500-12 Month Share Certificate
1.26%$500-15 Month Share Certificate Special
0.95%$500-9 Month Share Certificate
0.80%$500-6 Month Share Certificate
0.40%$500-3 Month Share Certificate

Katahdin Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.79%$500-60 Month IRA Certificate
2.48%$500-48 Month IRA Certificate
2.27%$500-18 Month IRA Certificate
1.97%$500-36 Month IRA Certificate
1.71%$500-24 Month IRA Certificate
1.26%$500-12 Month IRA Certificate
1.26%$500-15 Month IRA Certificate Special
Locations


Katahdin Federal Credit Union Locations
Branch Office1068 Crystal RdIsland Falls, ME 04747-4365
Branch Office1000 Central StMillinocket, ME 04462-2111

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