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K V FEDERAL CREDIT UNION

Jun, 30, 2021 — K V FEDERAL CREDIT UNION is a federal credit union headquartered in AUGUSTA, ME with 3 branch locations and about $118.83 million in total assets. Opened 59 years ago in 1962, K V FEDERAL CREDIT UNION has about 10,808 members and employs 23 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:http://www.kvfcu.org
Branches:3 branch locations
Members:10,808
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$118,830,055
CEO/Manager:Christine L Devine
Chairperson:Edwin S Frye

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 27,712,329
TOTAL INVESTMENTS 25,390,030
Loans Held for Sale 0
 
 Real Estate Loans 26,426,578
 Unsecured Loans 1,925,006
 Other Loans 28,194,991
 TOTAL LOANS 56,546,575
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -55,805
 Land And Building 3,694,640
 Other Fixed Assets 460,618
 NCUSIF Deposit 966,375
 All Other Assets 4,115,293
  TOTAL ASSETS 118,830,055
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 512,010
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,027,194
 Regular shares 44,542,681
 All Other Shares & Deposits 42,422,336
  TOTAL SHARES & DEPOSITS 107,992,211
  TOTAL LIABILITIES 108,504,221
 Regular Reserve 1,948,632
 Other Reserves 2,003,573
 Undivided Earnings 6,373,629
  TOTAL EQUITY 10,325,834
  TOTAL LIABILITIES, SHARES, & EQUITY 118,830,055
INCOME & EXPENSE  
 Loan Income 1,210,033
 Investment Income 241,663
 Other Income 273,156
 Total Employee Compensation & Benefits 712,024
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,003,230
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -4,648
 Cost of Funds 173,770
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 220,755
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