2024 Overview
General Credit Union Information
University is an NCUA insured institution located in Orono, ME. It was founded in 1967 and has approximately $480.03 millions in assets.
Who can join?
If you belong to one of the following groups, you are eligible to become a member of UCU.
University of Maine System
Alumni, Students and Employees
Penobscot County School Districts
Employees of the Boards of Education in Penobscot County
Town of Orono
Those who live or work in the town of Orono
Maine Maritime Academy
Alumni, Students and Employees
The Landing School
Alumni, Students and Employees
Northeast Technical Institute
Alumni, Students and Employees
Select Employee Groups
Print Mail of Maine
USA Union Street Athletics
General Electric Power Systems of Bangor
Family Membership
This includes spouse, parents, children, siblings, grandparents and grandchildren of eligible groups listed above including step and adoptive relationships. Also includes persons living in the same residence maintaining a single economic unit with a qualifying member.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 63133 |
| Date Established | 1967 |
| Assets | $480.03 million |
| Loans | $384.56 million |
| Deposits | $360.92 million |
| Capital | $43.54 million |
Field of Membership Restrictions
Membership in University Credit Union is open to the following: (1) those who live in the town of Orono; (2) alumni, students and employees of the University of Maine System's Office and any of the University of Maine System School (3) student, employees or alumni of Maine Maritime Academy, The Landing School, Northeast Technical Institute, or Cosmotech.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.05% | $2,500 | $2,999 |
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|
|
Money Market
|
0.10% | $10,000 | $14,999 |
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|
|
Money Market
|
0.15% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.20% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.20% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.30% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.30% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.05% | $1 | $499 | Learn More |
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for University
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 447490 |
6.836% | 6.750% | 0.88 | $2,822 | $2,076 | Learn More |
NMLS ID: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | Learn More |
NMLS ID: 2059741 |
7.004% | 6.875% | 0.63 | $4,192 | $2,103 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to University
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Branches
Below are University 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:
Columbus,Ohio
Climate Policy and Initiatives
UNIVERSITY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
University Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of University. 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
| University | U.S. Average |
|---|---|
| 3.18% | 6.97 |
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 December 31, 2023, University had $1,446,820 in non-current loans and $250 in owned assets. To cover these potential losses it had $43,543,200 in net worth and $1,899,273 in loans loss reserves. That gives it a Texas Ratio of 3.18%.
Net Worth
| University | U.S. Average |
|---|---|
| 9.07% | 13.62% |
University FCU has a net worth of 9.07% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for University
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