Sep, 30, 2025 — KSW FEDERAL CREDIT UNION is a federal credit union headquartered in WATERVILLE, ME with 2 branch locations and about $109.55 million in total assets. Opened 72 years ago in 1954, KSW FEDERAL CREDIT UNION has about 9,579 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: | 9,579 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $109,552,123 |
| CEO/Manager: | Deseree A Gilman |
| Chairperson: | John Picchiotti |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,353,774 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,169,681 |
| Unsecured Loans | 6,114,837 |
| Other Loans | 54,229,990 |
| TOTAL LOANS | 88,514,509 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,834,347 |
| Land And Building | 1,251,568 |
| Other Fixed Assets | 176,269 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 814,368 |
| All Other Assets | 0 |
| TOTAL ASSETS | 109,552,123 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 380,790 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,129,814 |
| Regular shares | 44,689,279 |
| All Other Shares & Deposits | 33,885,443 |
| TOTAL SHARES & DEPOSITS | 93,704,538 |
| TOTAL LIABILITIES | 94,085,328 |
| Regular Reserve | 0 |
| Other Reserves | -7,244 |
| Undivided Earnings | 15,474,039 |
| TOTAL EQUITY | 15,466,795 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 109,552,123 |
| INCOME & EXPENSE | |
| Loan Income | 4,228,028 |
| Investment Income | 412,015 |
| Other Income | 308,176 |
| Total Employee Compensation & Benefits | 1,328,926 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,513,633 |
| Non-operating Income & (Expense) | 95,876 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 282,108 |
| Cost of Funds | 865,289 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,777,812 |
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