Jun, 30, 2024 — 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 63 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.
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 |
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 |
↑ Back to Top |