MIDCOAST

186 LOWER MAIN STREET
Freeport, ME 04032

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 10898
Date Established 1956
Assets $175.65 million
Loans $131.76 million
Deposits $153.42 million
Capital $20.94 million

Midcoast is an NCUA insured institution located in Freeport, ME. It was founded in 1956 and has approximately $175.65 millions in assets.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in, and businesses, and other legal entities in Sagadahoc County, Lincoln County, Knox County or the following towns in Cumberland County, Maine: Brunswick, Harpswell, and Freeport.

Deposit Rates - January 20, 2019

Your Current Location: Washington, WA 98101

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.40% $2,500 $25,000 Learn MoreShow Less
Money Market
0.50% $25,001 $50,000 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
1.11% $1,000 - Learn MoreShow Less
Special: 10 Mo FIRA
1.92% $1,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.85% $1,000 - Learn MoreShow Less
Special: 10 Mo CD
1.92% $1,000 - Learn MoreShow Less
12 Mo CD
1.11% $1,000 - Learn MoreShow Less
18 Mo CD
1.21% $1,000 - Learn MoreShow Less
24 Mo CD
1.46% $1,000 - Learn MoreShow Less
36 Mo CD
1.61% $1,000 - Learn MoreShow Less
48 Mo CD
1.86% $1,000 - Learn MoreShow Less
60 Mo CD
2.17% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.45% $1 $10,000 Learn MoreShow Less

Loan Rates - January 20, 2019

Your Current Location: Washington, WA 98101

There are currently no loan rates available for MIDCOAST

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: CL-2925. NMLSID#2925
4.276% 4.250% 0.25 $775 $1,230 Learn More
Vantage Mortgage Group, Inc.
NMLS ID: 35986
License#: 35986
4.532% 4.500% 0.00 $993 $1,267 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender Rate (%) Monthly Payment Learn More

Note to MIDCOAST
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Midcoast branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


Midcoast Locations

Financial Details

Midcoast Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Midcoast. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Midcoast U.S. Average
2.37% 5.78

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2018, Midcoast had $445,648 in non-current loans and $61,107 in owned assets. To cover these potential losses it had $20,940,885 in net worth and $483,255 in loans loss reserves. That gives it a Texas Ratio of 2.37%.

Net Worth
Midcoast U.S. Average
11.92% 13.21%

Midcoast FCU has a net worth of 11.92% versus the BestCashCow average of 13.21. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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