Sep, 30, 2025 — K V FEDERAL CREDIT UNION is a federal credit union headquartered in AUGUSTA, ME with 3 branch locations and about $130.35 million in total assets. Opened 64 years ago in 1962, K V FEDERAL CREDIT UNION has about 10,952 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | K V FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 316 W River RD AUGUSTA, ME 04330-3992 |
| Phone: | (207) 623-5171 |
| Fax: | (207) 623-5341 |
| Website: | https://www.kvfcu.org |
| Branches: | 3 branch locations |
| Members: | 10,952 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15328 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $130,349,252 |
| CEO/Manager: | Christine L Devine |
| Chairperson: | David Madore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,917,461 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 37,199,281 |
| Unsecured Loans | 1,990,660 |
| Other Loans | 40,045,039 |
| TOTAL LOANS | 79,234,980 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -155,566 |
| Land And Building | 3,541,372 |
| Other Fixed Assets | 316,077 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,039,859 |
| All Other Assets | 66,154 |
| TOTAL ASSETS | 130,349,252 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 431,953 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,631,724 |
| Regular shares | 45,256,047 |
| All Other Shares & Deposits | 45,941,095 |
| TOTAL SHARES & DEPOSITS | 113,828,866 |
| TOTAL LIABILITIES | 114,260,819 |
| Regular Reserve | 0 |
| Other Reserves | 2,003,573 |
| Undivided Earnings | 14,084,860 |
| TOTAL EQUITY | 16,088,433 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 130,349,252 |
| INCOME & EXPENSE | |
| Loan Income | 3,445,088 |
| Investment Income | 1,395,869 |
| Other Income | 482,202 |
| Total Employee Compensation & Benefits | 1,532,003 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,983,926 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 194,428 |
| Cost of Funds | 844,824 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,352,840 |
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