NORSTATE Credit Union Profile

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NORSTATE

Charter #4261 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (207) 728-7555

Fax: (207) 728-6731

Founding Date: N/A

Website: http://www.norstatefcu.org

Personnel & Operations

President: Smith, Leigh

Manager: Davenport, Jeffrey

FT Employees: 75

PT Employees: 7

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 98

Branches: 6

Hours: Monday to Friday 8 am - 5:30 pm Saturday 9

Credit Union Profile Summary

NORSTATE is a FCU Credit Union. With a total of 14,240 members [1], this institution manages approximately $278,163,483 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 11.51% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 2.72% [1].

Financial Snapshot

Total Assets [1]
$278,163,483

Total economic resources.

Total Loans [1]
$187,904,985

Total value of outstanding loans.

Total Deposits [1]
$244,311,745

Total funds deposited by members.

Members [1]
14,240

Number of active members.

Performance Ratios

Net Worth Ratio [1]
11.51%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
-0.31%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
76.91%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
6.45%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
2.72%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
-1.70%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

78 Fox St

Madawaska, ME, 04756

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 6 branches reported by NORSTATE (Charter #4261).

Main Office

Madawaska Office Main Office

Type: Corporate Office

78 Fox St

Madawaska, ME 04756

Phone: (207) 728-7555

Services: Member Services, ATM, Drive-Thru

Open in Directions

Additional Branches

Ashland

Ashland Branch

Type: Branch Office

23 Exchange St

Ashland, ME 04732

Phone: (207) 435-2176

Services: Member Services, ATM, Drive-Thru

Open in Directions

Eagle Lake

Eagle Lake Branch

Type: Branch Office

3333 Aroostook Rd

Eagle Lake, ME 04739

Phone: (207) 444-4545

Services: Member Services, ATM, Drive-Thru

Open in Directions

Fort Kent

Fort Kent Branch

Type: Branch Office

164 Market St

Fort Kent, ME 04743

Phone: (207) 834-3232

Services: Member Services, ATM, Drive-Thru

Open in Directions

Presque Isle

Presque Isle

Type: Branch Office

738 Main St

Presque Isle, ME 04769

Phone: (207) 762-3811

Services: Member Services, ATM, Drive-Thru

Open in Directions

Van Buren

Van Buren Office

Type: Branch Office

156 Main St

Van Buren, ME 04785

Phone: (207) 868-5484

Services: Member Services, ATM, Drive-Thru

Open in Directions