Credit Unions Near Me
National Credit Union Service Organization

K V FEDERAL CREDIT UNION

Sep, 30, 2022 — K V FEDERAL CREDIT UNION is a federal credit union headquartered in AUGUSTA, ME with 3 branch locations and about $126.65 million in total assets. Opened 61 years ago in 1962, K V FEDERAL CREDIT UNION has about 10,930 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211287366
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:10,930
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$126,645,186
CEO/Manager:Christine L Devine
Chairperson:Daniel Nichols

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 15,248,065
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 31,770,609
 Unsecured Loans 1,969,220
 Other Loans 36,362,628
 TOTAL LOANS 70,102,457
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -49,232
 Land And Building 3,624,520
 Other Fixed Assets 386,576
 NCUSIF Deposit 1,115,871
 All Other Assets 35,800
  TOTAL ASSETS 126,645,186
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 173,243
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 23,072,510
 Regular shares 49,565,286
 All Other Shares & Deposits 42,584,203
  TOTAL SHARES & DEPOSITS 115,221,999
  TOTAL LIABILITIES 115,395,242
 Regular Reserve 0
 Other Reserves 3,952,205
 Undivided Earnings 7,297,739
  TOTAL EQUITY 11,249,944
  TOTAL LIABILITIES, SHARES, & EQUITY 126,645,186
INCOME & EXPENSE  
 Loan Income 2,109,769
 Investment Income 427,205
 Other Income 441,182
 Total Employee Compensation & Benefits 1,178,054
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,630,534
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 35,077
 Cost of Funds 208,435
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 565,475
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