K V Federal Credit Union
K V Federal Credit Union
Overview / Commentary
K V Federal Credit Union is headquartered in Augusta and is the 34th largest credit union in the state of Maine. It is also the 1,796th largest credit union in the nation. It was established in 1962 and as of June of 2016, it had grown to 23 employees and 11,135 members at 3 locations. K V Federal Credit Union has an A 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 current membership details
Health
A
Data as of Q2 2016
Learn more about bank healthAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. K V Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 15328 |
| Year Chartered | 1962 |
| Employees | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.42% |
| Return on Equity - YTD | 3.67% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $80.2MM$59.5MM |
| Loans | Q2 2016vs Q2 2015 | $42.7MM$33.3MM |
| Deposits | Q2 2016vs Q2 2015 | $71.9MM$53.0MM |
| Equity Capital | Q2 2016vs Q2 2015 | $8.1MM$6.3MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $151.00K$26.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $58.00K$69.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
Rates
Sorry, we do not have rate data for K V Federal Credit Union.
Locations
| K V Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 316 W River RD | Augusta, ME 04330-3992 |
| Branch Office | 35 Oak St | Oakland, ME 04963-5013 |
| Branch Office | 9 Quarry Rd | Waterville, ME 04901 |