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New Dimensions Credit Union

Overview
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New Dimensions Credit Union is a federal credit union based in Waterville, Maine. It has been opened since 1956, for 64 years.

With around $160,090,000 in assets, New Dimensions Credit Union is considered to be a large credit union. It has 4 branches and 4 ATM locations.

About
Address 61 Grove Street
Waterville, Maine 04901
Website https://newdimensionsfcu.com
Phone (207) 872-2771
Fax (207) 877-0555
CEO Ryan G. Poulin
President of the Board Jerome Allen
Services Offered
Map
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Score Card
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64 years
Years in business
Opened in 1956
Well Capitalized
Net worth classification
Source: NCUA
16,293 members
Membership type: Community credit union
Above average number of members
253:1
Credit union member to staff ratio
253 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$160,090,993
Total assets
Above average
4 branches
Compared with an average of 4 nationally and 4 in Maine
Above average number of branches
0.19%
Savings interest rate
Compared to 0.3% nationally
Branches
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4 branches
Compared with an average of 4 nationally and 4 in Maine
Above average number of branches
New Dimensions Credit Union Branch Locations

New Dimensions Credit Union: Augusta Branch
72 Cony Street
Augusta, Maine 04330
ATM Available
New Dimensions Credit Union: Skowhegan Branch
245 Madison Avenue
Skowhegan, Maine 04976
ATM Available
New Dimensions Credit Union: Winslow Branch
316 Benton Avenue
Winslow, Maine 04901
ATM Available
New Dimensions Credit Union: Main Office - Waterville
61 Grove Street
Waterville, Maine 04901
ATM Available
Members
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16,293 members
Membership type: Community credit union
Above average number of members

With 16,293 members, the New Dimensions Credit Union is considered to be a large credit union. It is larger than 79% of credit unions.

Fees
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$66
Average fee per member
The average fee per member at the New Dimensions Credit Union is $66, which is high compared to most credit unions. This rate is higher than 64% 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 New Dimensions Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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253:1
Credit union member to staff ratio
253 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
64 staff members
FTE (full-time equivalent)
2% of employees are part-time
64 full-time, 1 part-time

New Dimensions Credit Union has 64 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 98% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. New Dimensions Credit Union has around 253 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$160,090,993
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.
7.8%
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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$11,259
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 60% of credit unions.

New Dimensions Credit Union holds a total of $135,530,000 in loans and leases, which is about $11,259 per member on average.

Savings interest rate
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0.19%
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. New Dimensions Credit Union pays 0.19%.

Loan rates
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10.49%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.99%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.74%
New car loan rate
Compared to 4.0% nationally
6.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.38%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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