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Cumberland County Credit Union

Overview
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Cumberland County Credit Union is a federal credit union based in Falmouth, Maine. It has been opened since 1954, for 66 years.

With around $259,990,000 in assets, Cumberland County Credit Union is considered to be a very large credit union. It has 7 branches and 6 ATM locations.

About
Address 101 Gray Road
Falmouth, Maine 04105
Website http://www.myccfcu.com
Phone (207) 878-3441
Fax (207) 878-5327
CEO Scott Harriman
President of the Board Jerry Caruso
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
20,478 members
Membership type: Community credit union
Above average number of members
366:1
Credit union member to staff ratio
366 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$259,987,210
Total assets
Above average
7 branches
Compared with an average of 4 nationally and 4 in Maine
Above average number of branches
0.35%
Savings interest rate
Compared to 0.3% nationally
13.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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7 branches
Compared with an average of 4 nationally and 4 in Maine
Above average number of branches
Cumberland County Credit Union Branch Locations

Cumberland County Federal Credit Union
43 Lewiston Road
Gray, Maine 04039
No ATM
Cumberland County Credit Union: Westbrook
125 Stroudwater Street
Westbrook, Maine 04092
ATM Available
Cumberland County Credit Union: Falmouth
101 Gray Road
Falmouth, Maine 04105
ATM Available
Cumberland County Credit Union: Yarmouth
808 Route 1
Yarmouth, Maine 04096
ATM Available
Cumberland County Credit Union: Gray
43 Lewiston Road
Gray, Maine 04039
ATM Available
Cumberland County Credit Union: Windham
808 Roosevelt Trl
Windham, Maine 04062
ATM Available
Cumberland County Credit Union: Portland
1345 Washington Avenue
Portland, Maine 04103
ATM Available
Members
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20,478 members
Membership type: Community credit union
Above average number of members

With 20,478 members, the Cumberland County Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 82% of credit unions.

Fees
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$58
Average fee per member
The average fee per member at the Cumberland County Credit Union is $58, which is comparable to most credit unions. This rate is lower than 42% of all credit unions.
Fees are 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 Cumberland County Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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366:1
Credit union member to staff ratio
366 per each FTE employee
Compared to 411:1 nationally
Average number of staff
56 staff members
FTE (full-time equivalent)
0% of employees are part-time
56 full-time, 0 part-time

Cumberland County Credit Union has 56 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. Cumberland County Credit Union has around 366 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$259,987,210
Total assets
Above average
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.
10.7%
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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$11,880
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 63% of credit unions.

Cumberland County Credit Union holds a total of $158,900,000 in loans and leases, which is about $11,880 per member on average.

Savings interest rate
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0.35%
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. Cumberland County Credit Union pays 0.35%.

Loan rates
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13.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.75%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
9.75%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.05%
New car loan rate
Compared to 4.0% nationally
5.65%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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