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National Credit Union Service Organization

KSW FEDERAL CREDIT UNION

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.


ABA Routing Number: 211288844
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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