Jun, 30, 2024 — KSW FEDERAL CREDIT UNION is a federal credit union headquartered in WATERVILLE, ME with 2 branch locations and about $99.11 million in total assets. Opened 70 years ago in 1954, KSW FEDERAL CREDIT UNION has about 9,940 members and employs 19 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: | 9,940 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $99,113,634 |
| CEO/Manager: | Deseree A Gilman |
| Chairperson: | John Picchiotti |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,312,166 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,102,308 |
| Unsecured Loans | 4,639,746 |
| Other Loans | 52,451,354 |
| TOTAL LOANS | 82,193,408 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,514,582 |
| Land And Building | 1,037,290 |
| Other Fixed Assets | 146,383 |
| NCUSIF Deposit | 825,115 |
| All Other Assets | 10,000 |
| TOTAL ASSETS | 99,113,634 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 310,505 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,003,914 |
| Regular shares | 52,237,084 |
| All Other Shares & Deposits | 22,400,542 |
| TOTAL SHARES & DEPOSITS | 89,641,540 |
| TOTAL LIABILITIES | 89,952,045 |
| Regular Reserve | 0 |
| Other Reserves | -480,094 |
| Undivided Earnings | 9,641,683 |
| TOTAL EQUITY | 9,161,589 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 99,113,634 |
| INCOME & EXPENSE | |
| Loan Income | 2,687,377 |
| Investment Income | 89,712 |
| Other Income | 290,714 |
| Total Employee Compensation & Benefits | 993,685 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,309,677 |
| Non-operating Income & (Expense) | 180,456 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 436,865 |
| Cost of Funds | 216,613 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 980,640 |
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