Norstate Federal Credit Union

Headquarters

78 Fox St
Madawaska, ME 04756
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.85% →
1-Year CD 0.60% 0.67% →
2-Year CD 0.80% 0.80% →
5-Year CD 1.20% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Norstate is an NCUA insured institution located in Madawaska, ME. It was founded in 1941 and has approximately $235.46 millions in assets.

Who can join?

Membership Eligiblity:

If you live, work, worship or attend school in any of the following counties in Maine, you qualify for membership:

Aroostook County
Northern Penobscot County

Family members of current union members are also eligible to join.

NCUA Insured Yes / Federally Chartered
Charter Number # # 4261
Date Established 1941
Assets $235.46 million
Loans $171.99 million
Deposits $202.44 million
Capital $29.46 million
 

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Aroostook County or Northern Penobscot County.

Deposit Rates - November 29, 2021

Your Current Location: Washington, WA 98109

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.30% $2,500 $2,999 Learn More
Money Market
0.30% $10,000 $14,999 Learn More
Money Market
0.40% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
1.10% $10,000 $14,999 Learn More
48 Mo CD
1.10% $100,000 $199,999 Learn More
60 Mo CD
1.20% $10,000 $14,999 Learn More
60 Mo CD
1.20% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.40% $1 $499 Learn MoreShow Less

Loan Rates - November 29, 2021

Your Current Location: Washington, WA 98109

There are currently no loan rates available for NORSTATE

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 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
New American Funding
NMLS ID: 6606
2.999% 2.875% 1.00 $4,004 $1,038 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR
1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info

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


 

Branches

Below are Norstate 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


Norstate Locations



Climate Initiatives

NORSTATE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Norstate Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Norstate. 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
Norstate U.S. Average
3.87% 3.79

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, 2021, Norstate had $1,029,175 in non-current loans and $161,800 in owned assets. To cover these potential losses it had $29,462,786 in net worth and $1,290,856 in loans loss reserves. That gives it a Texas Ratio of 3.87%.

Net Worth
Norstate U.S. Average
12.51% 12.22%

Norstate FCU has a net worth of 12.51% versus the BestCashCow average of 12.22. 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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