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Overview / Commentary
800-924-5454
222 College Ave
Waterville, ME 04901-6226

KSW Credit Union is headquartered in Waterville and is the 39th largest credit union in the state of Maine. It is also the 2,242nd largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 18 employees and 8,491 members. KSW Credit Union's savings rates are 44% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship, volunteer or attend school in Kennebec or Somerset County or the following towns of Waldo County: Belmont, Brooks, Jackson, Knox, Liberty, Monroe, Montville, Morrill, Searsmont, Swanville or Waldo. - See Details

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Health

Data for Q1 2014

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. KSW Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

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 KSW Credit Union had $400,000 in non-current loans and owned real-estate with $5.04 million in equity and loan loss allowances on hand to cover it. This gives KSW Credit Union a Texas Ratio of 7.94% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for KSW Credit Union experienced no significant changes from 5.61% as of March 31, 2013 to 7.94% as of March 31, 2014, resulting in a negative change of 41.50%. This indicates that the balance sheet and financial strength for KSW Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, KSW Credit Union has increased its total deposits by $4 million, resulting in 9.13% 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 KSW Credit Union has shown is excellent.

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. KSW Credit Union has $52.48 million in assets with $5.04 million in equity, resulting in a capitalization level of 9.60%, which is above average.

Institution Statistics

Overall
NCUA #9943
Year Chartered1954
Employees18
Primary Regulator
Assets and Liabilities
Assets$52.48 million
Loans$40.28 million
Deposits$47.75 million
Equity Capital$4.81 million
Loan Loss Allowance$227,000
Unbacked Noncurrent Loans$259,000
Real Estate Owned$141,000
Historic Data - March 2013
Assets$48.63 million
Equity Capital$4.74 million
Loan Loss Allowance$262,000
Unbacked Noncurrent Loans$259,000
Real Estate Owned$168,000
Profit Margin - Quarterly
Net Interest Margin1.06%
Return on Assets0.65%
Return on Equity7.07%
Interest Income$491,000
Rates
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KSW Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%--IRA Savings Account
0.25%$25-Share Savings Account
0.25%$25-Club Account
0.25%--Youth Savings Account

KSW Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$50k-Money Market Account

KSW Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.26%$500-60 Month CD
1.01%$500-48 Month CD
0.85%$500-36 Month CD
0.65%$500-24 Month CD
0.45%$500-12 Month CD
0.35%$500-6 Month CD

KSW Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.26%$500-60 Month IRA Certificate
1.01%$500-48 Month IRA Certificate
0.85%$500-36 Month IRA Certificate
0.65%$500-24 Month IRA Certificate
0.45%$500-12 Month IRA Certificate
0.35%$500-6 Month IRA Certificate
Locations


KSW Credit Union Locations
Branch Office135 Waldo AveBelfast, ME 04915-6909
Branch Office222 College AveWaterville, ME 04901-6226