Featured Savings Rates
Featured Accounts

New Dimensions Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.97%5-year CD5 Year Step Up Share Certificate
0.55%1-year CD12 Month Share Certificate
0.10%Savings60+ Savings Account

Overview / Commentary
800-326-6190
61 Grove St
Waterville, ME 04901

New Dimensions Federal Credit Union is headquartered in Waterville and is the 33rd largest credit union in the state of Maine. It is also the 1,716th largest credit union in the nation. It was established in 1956 and as of June of 2017, it had grown to 40 employees and 8,557 members at 2 locations. New Dimensions Federal Credit Union's savings rates are 63% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership in New Dimensions Federal Credit Union is open to those who live, work, worship, or attend school in, and businesses and other legal entities located in the counties of Kennebec and Somerset, Maine.
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Reviews (2)

using a credit union

I have been using this credit union for over 20 years. I have used "big banks" in the past along with this credit union but have always come back to using New Dimensions as my primary. The checking and savings account is what I like the most. I am not charged a fee or minimum deposit for the checking account. The savings account is linked to my checking account so that if i overdraw on my checking the bank will automatically transfer the money to cover the overdraw for a dollar. One of the major downside is that they are not open on Saturdays. I enjoy using the app and makes it easy to transfer money from account to account and also balance my checking account. They provide me with the ability to use the credit union at my local Walmart. I also like that when I call on the phone I speak to a person and am not transferred a hundred times before solving my problem.

New Dimensions FCU review

Posted by: naturist | Dec 18, 2016

I have been using this credit union since my dad opened me an account when I was six. This credit union is in my town and down the street. I use it for my checking, savings, home morg., and sometimes car loan. The bank is small and bit behind the times as for banking experience. I think their mobile app which they just added recently is great, but the online banking is not very good through their website. I always get a person when I call the bank. They are not open on Saturdays or Sundays which makes it very inconvenient. I am able to transfer money between accountts easily without much hassle.



Health
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. New Dimensions Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #11253
Year Chartered1956
Employees40
Primary Regulator
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD5.33%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$89.2MM$83.2MM
LoansQ2 2017vs Q2 2016$79.2MM$72.8MM
DepositsQ2 2017vs Q2 2016$75.6MM$70.3MM
Equity CapitalQ2 2017vs Q2 2016$6.9MM$6.6MM
Loan Loss AllowanceQ2 2017vs Q2 2016$635.00K$466.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$1.2MM$1.1MM
Real Estate OwnedQ2 2017vs Q2 2016$5.00K$46.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

New Dimensions Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$500k*-Jumbo Certificate Savings Account
OTHER TIERS: 0.10% $100 - $50k | 0.20% $50k - $100k | 0.53% $100k - $250k | 0.69% $250k - $500k
0.30%*$50k*-Certificate Savings Account
OTHER TIERS: 0.10% $100 - $2,500 | 0.20% $2,500 - $10k | 0.25% $10k - $50k
0.25%$100-Traditional IRA
0.25%$100-Roth IRA
0.25%$100-Coverdell Education Savings Account
0.25%$100-Health Savings Account
0.10%$100-Share Savings Account
0.10%$100-Club Account
0.10%$100-60+ Savings Account
0.10%--Monty Moose Youth Savings Account
0.10%--Take Charge Youth Savings Account

New Dimensions Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.97%$5k-5 Year Step Up Share Certificate
1.55%$1k-48 Month Share Certificate
1.25%$1k-36 Month Share Certificate
0.80%$1k-24 Month Share Certificate
0.67%$1k-18 Month Share Certificate
0.55%$1k-12 Month Share Certificate
0.55%$500-12 Month Monty Moose Share Certificate
0.55%$500-12 Month Take Charge Share Certificate
0.40%$1k-6 Month Share Certificate

New Dimensions Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%$2k-48 Month IRA Certificate
1.26%$2k-36 Month IRA Certificate
0.80%$2k-24 Month IRA Certificate
0.67%$2k-18 Month IRA Certificate
0.55%$2k-12 Month IRA Certificate
0.40%$2k-6 Month IRA Certificate
Locations


New Dimensions Federal Credit Union Locations
Branch Office61 Grove StWaterville, ME 04901
Branch Office72 Cony StAugusta, ME 04330