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Capital Area Credit Union

Overview
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Capital Area Credit Union is a federal credit union based in Augusta, Maine. It has been opened since 1954, for 66 years.

With around $38,640,000 in assets, Capital Area Credit Union is considered to be an average size credit union.

About
Address Po Box 2626
Augusta, Maine 04338
Website https://WWW.CAPITALAREAFCU.ORG
Phone (207) 622-3442
Fax (207) 623-2276
CEO Diana Winkley
President of the Board Thomas Doore
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
3,834 members
Membership type: Community credit union
Average number of members
295:1
Credit union member to staff ratio
295 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$38,640,977
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 4 in Maine
Average number of branches
0.36%
Savings interest rate
Compared to 0.3% nationally
11.55%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 4 in Maine
Average number of branches
Capital Area Credit Union Branch Locations

Capital Area Credit Union: Main Office
2010 North Belfast Avenue
Augusta, Maine 04330
No ATM
Members
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3,834 members
Membership type: Community credit union
Average number of members

With 3,834 members, the Capital Area Credit Union is considered to be a medium size credit union. It is larger than 51% of credit unions.

Fees
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$133
Average fee per member
The average fee per member at the Capital Area Credit Union is $133, which is very high compared to most credit unions. This rate is higher than 94% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Capital Area Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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295:1
Credit union member to staff ratio
295 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
13 staff members
FTE (full-time equivalent)
0% of employees are part-time
13 full-time, 0 part-time

Capital Area Credit Union has 13 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Capital Area Credit Union has around 295 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$38,640,977
Total assets
Average size
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
15.5%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$12,056
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 65% of credit unions.

Capital Area Credit Union holds a total of $33,900,000 in loans and leases, which is about $12,056 per member on average.

Savings interest rate
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0.36%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Capital Area Credit Union pays 0.36%.

Loan rates
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11.55%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
13.78%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.13%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.00%
New car loan rate
Compared to 4.0% nationally
6.66%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.08%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
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