Financial Strength
At The County, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share our financial strength, which is rooted in solid performance and dedicated service to our community. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $51,914,716, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This net worth reflects our commitment to safeguarding your assets while promoting growth. Our net worth ratio of 11.01% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. This ratio is a testament to our prudent management and strategic planning. Members' savings are secured through $126,313,287 in share certificates and $86,081,037 in money market shares, offering stable and rewarding financial growth opportunities. These options help our members maximize their savings while enjoying peace of mind. Unlike traditional banks, we prioritize our members. With non-member deposits at $744,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. This focus allows us to reinvest more back into the community. With $44,249,509 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to innovation means you can always rely on us for modern banking solutions tailored to your needs. In terms of lending capacity, we have supported our members with $8,287 in used auto loans and a total of $365,062,333 in loans and leases across various sectors. This availability ensures that you can finance your dreams whether it's buying a new car or pursuing other personal goals. Our operational efficiency is highlighted by a net income of $606,241, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 102 full-time employees and 6 part-time employees who are always ready to serve you with knowledgeable support. Net Shares (Funds available for lending and investments): $612,666 provide an additional cushion for our lending programs, further reinforcing our capability to meet your financial needs. With a strong total share account base of 62,031, it's clear that many members trust us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, The County is your trusted partner. Visit us at 16 Coffin St Howland Me 04448 or call (207) 732-5607 to learn more about how we can help you achieve your financial goals.
