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Overview / Commentary
207-623-5171
316 W River Rd
Augusta, ME 04330

K V Credit Union is headquartered in Augusta and is the 37th largest credit union in the state of Maine. It is also the 2,133rd largest credit union in the nation. It was established in 1962 and as of December of 2013, it had grown to 18 employees and 7,660 members. K V Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Kennebec County or Somerset County. - See Details

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Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. K V Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 K V Credit Union had $16,000 in non-current loans and owned real-estate with $6.04 million in equity and loan loss allowances on hand to cover it. This gives K V Credit Union a Texas Ratio of 0.27% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for K V Credit Union decreased dramatically from 2.45% as of December 31, 2012 to 0.27% as of December 31, 2013, resulting in a positive change of 89.16%.This indicates that the balance sheet and financial strength for K V Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, K V Credit Union has decreased its total deposits by $-216,000, resulting in -0.43% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth K V Credit Union has shown is average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. K V Credit Union has $56.6 million in assets with $6.04 million in equity, resulting in a capitalization level of 10.66%, which is above average.

Institution Statistics

Overall
NCUA #15328
Year Chartered1962
Employees18
Primary Regulator
Assets and Liabilities
Assets$56.60 million
Loans$31.85 million
Deposits$50.42 million
Equity Capital$6.00 million
Loan Loss Allowance$31,000
Unbacked Noncurrent Loans$16,000
Real Estate Owned$0
Historic Data - December 2012
Assets$56.61 million
Equity Capital$5.81 million
Loan Loss Allowance$33,000
Unbacked Noncurrent Loans$16,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.85%
Return on Assets0.34%
Return on Equity3.16%
Interest Income$1.69 million
Rates

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Locations


K V Credit Union Locations
Branch Office316 W River RDAugusta, ME 04330-3992
Branch Office35 Oak StOakland, ME 04963-5013