Norstate Federal Credit Union

Headquarters

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

Notable Rates APY Vs.Others
Savings 0.15% 2.55% →
1-Year CD 0.60% 2.80% →
2-Year CD 0.80% 3.20% →
5-Year CD 1.20% 3.65% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Norstate is an NCUA insured institution located in Madawaska, ME. It was founded in 1941 and has approximately $240.64 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 $240.64 million
Loans $168.61 million
Deposits $209.17 million
Capital $31.89 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 - August 13, 2022

Your Current Location: Connecticut, CT 06828

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 - August 13, 2022

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
4.851% 4.750% 0.75 $2,920 $1,305 Learn More
Better.com
NMLS ID: 330511
5.325% 5.250% 0.88 $2,100 $1,381 Learn More
Morty, Inc.
NMLS ID: 1429243
4.697% 4.625% 0.88 $2,098 $1,286 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

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:
Fairfield,Connecticut


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
6.94% 4.75

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 March 31, 2022, Norstate had $2,019,388 in non-current loans and $238,300 in owned assets. To cover these potential losses it had $31,885,607 in net worth and $668,531 in loans loss reserves. That gives it a Texas Ratio of 6.94%.

Net Worth
Norstate U.S. Average
13.25% 12.28%

Norstate FCU has a net worth of 13.25% versus the BestCashCow average of 12.28. 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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