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Overview / Commentary
316 W River RD
Augusta, ME 04330-3992

K V Credit Union is headquartered in Augusta and is the 37th largest credit union in the state of Maine. It is also the 2,147th largest credit union in the nation. It was established in 1962 and as of March of 2014, it had grown to 18 employees and 7,680 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. Membership also extends to immediate family members and to businesses and other legal entities within those Counties. - See Details

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Data for Q1 2014

Institution Health

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


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 K V Credit Union had $213,000 in non-current loans and owned real-estate with $6.08 million in equity and loan loss allowances on hand to cover it. This gives K V Credit Union a Texas Ratio of 3.50% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for K V Credit Union experienced no significant changes from 2.34% as of March 31, 2013 to 3.50% as of March 31, 2014, resulting in a negative change of 49.45%. This indicates that the balance sheet and financial strength for K V Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, K V Credit Union has decreased its total deposits by $-668,000, resulting in -1.27% 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.



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 $57.98 million in assets with $6.08 million in equity, resulting in a capitalization level of 10.48%, which is above average.

Institution Statistics

NCUA #15328
Year Chartered1962
Primary Regulator
Assets and Liabilities
Assets$57.98 million
Loans$30.73 million
Deposits$51.78 million
Equity Capital$6.05 million
Loan Loss Allowance$27,000
Unbacked Noncurrent Loans$4,000
Real Estate Owned$209,000
Historic Data - March 2013
Assets$58.51 million
Equity Capital$5.86 million
Loan Loss Allowance$26,000
Unbacked Noncurrent Loans$4,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.01%
Return on Assets0.32%
Return on Equity3.11%
Interest Income$410,000

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