Dec, 31, 2023 — KSW FEDERAL CREDIT UNION is a federal credit union headquartered in WATERVILLE, ME with 2 branch locations and about $96.79 million in total assets. Opened 70 years ago in 1954, KSW FEDERAL CREDIT UNION has about 9,683 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | KSW FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 222 College Ave WATERVILLE, ME 04901-6226 |
Phone: | (207) 872-5039 |
Fax: | (207) 872-5776 |
Website: | https://www.kswfcu.org |
Branches: | 2 branch locations |
Members: | 9,683 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9943 |
---|---|
Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $96,791,525 |
CEO/Manager: | Deseree A Gilman |
Chairperson: | John Picchiotti |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 4,150,803 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 26,032,357 |
Unsecured Loans | 5,413,422 |
Other Loans | 51,033,075 |
TOTAL LOANS | 82,478,854 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,672,287 |
Land And Building | 1,274,277 |
Other Fixed Assets | 168,589 |
NCUSIF Deposit | 820,797 |
All Other Assets | 8,000 |
TOTAL ASSETS | 96,791,525 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 3,000,000 |
Accounts Payable & Other Liabilities | 711,201 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,480,150 |
Regular shares | 44,612,966 |
All Other Shares & Deposits | 22,736,391 |
TOTAL SHARES & DEPOSITS | 81,829,508 |
TOTAL LIABILITIES | 85,540,709 |
Regular Reserve | 0 |
Other Reserves | -397,867 |
Undivided Earnings | 11,648,683 |
TOTAL EQUITY | 11,250,816 |
TOTAL LIABILITIES, SHARES, & EQUITY | 96,791,525 |
INCOME & EXPENSE | |
Loan Income | 4,487,896 |
Investment Income | 152,518 |
Other Income | 427,687 |
Total Employee Compensation & Benefits | 1,498,496 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,905,720 |
Non-operating Income & (Expense) | 83,248 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 351,420 |
Cost of Funds | 654,091 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,703,425 |
↑ Back to Top |