Development
D
Maine Solutions Federal Credit Union
Rating Date
March 2024
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Major Rating Factors: Operating profits as a percentage of assets at 0.2%, coupled with a return on assets of 0.2 has resulted in Weak (2.2) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.7 on a scale of 0 to 10).
Other Rating Factors: Fair liquidity 4.9, driven by a liquidity ratio of 28.0 percent and a “hot money” ratio of 16.0 percent. Good current capitalization (6.9 on a scale of 0 to 10) based on a net capital to total assets of 9.3 and a net worth ratio of 9.3.
Asset Mix: Home mtgs (32%), consumer loans (20%), other (48%)
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Corporate Info
Address
209 Western Avenue
South Portland, ME 04106
Phone Number
(207) 775-8371
NCUA Charter Number