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K V Federal Credit Union is a Maine-based credit union with $130M in assets, 10,952 members, and 3 branches offering traditional member banking services.
Data compiled from public sources
K V Federal Credit Union is a federally-chartered credit union headquartered in Augusta, Maine, that has served its community for 64 years since opening in 1962. As a member-owned, not-for-profit institution, it operates under NCUA (National Credit Union Administration) insurance rather than FDIC coverage, and maintains Charter Number 15328. The credit union serves a community membership base rather than a specific employer or organization, with no low-income designation.
The institution offers core banking and financial services including checking and savings accounts, ATM/debit card programs, real estate loans, unsecured personal loans, and other loan products. With $130.35 million in total assets and 10,952 members, K V Federal operates a network of 3 branch locations across Maine, managed by CEO Christine L Devine and Chairperson David Madore. The organization employs 22 full and part-time staff members and maintains a professional operational structure with regular audits (last audited September 1, 2024).
K V Federal's financial position shows a healthy equity base of $16.1 million against total liabilities of $114.3 million, with total loans of $79.2 million and member shares/deposits of $113.8 million. The credit union generated net income of $1.35 million in its most recent reporting period, with loan income representing the primary revenue stream. The institution is not an FHLB member and carries no NCUSIF premium expenses, indicating a stable operational status.
As a community credit union, K V Federal serves the general public in its service area rather than a niche membership. Members should understand that while credit unions typically offer rate claims to verify and member-focused service, this institution's size and branch network (3 locations) is modest compared to larger financial institutions, which may limit accessibility for those outside Augusta and surrounding areas.
This is state-level context for Credit Unions consumers in Augusta, ME. It does not confirm that K V or this specific location is licensed.
State regulator
Maine Bureau of Consumer Credit Protection
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
K V offers 10 services including Checking accounts, Savings accounts, Share draft accounts, Regular share accounts, Share certificates and other deposit products, and 5 more.
K V has profile signals associated with Augusta, Maine residents and surrounding communities seeking local credit union banking, Members prioritizing not-for-profit, member-owned financial institution principles, Customers wanting NCUA-insured deposit protection with established institution, Borrowers seeking real estate loans, personal loans, or traditional credit union services.
Key strengths: 64 years of established presence in Maine community since 1962; Member-owned, not-for-profit structure with focus on member benefits over shareholder profits; NCUA insurance protection for deposits up to $250,000. Areas to consider: Limited branch network of only 3 locations, restricting accessibility for non-Augusta area residents; Asset base of $130M is smaller than many regional credit unions, potentially limiting loan amounts and product offerings.
In the Credit Unions category, comparable providers include Ancorum, Capital Area, Casco. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
K V Federal Credit Union is profile signals for Maine residents in and around Augusta seeking traditional credit union membership with NCUA insurance protection and community-focused service. The main caveat is the limited geographic footprint (3 branches) and lack of documented digital banking options, making it less suitable for customers requiring extensive branch access or primarily digital-first banking.
Ancorum Credit Union is a Maine-based, member-owned financial institution serving the state since 1956, offering checking, savings, loans, mortgages, and credit cards with ATM network fee context.
Profile signals: Maine agricultural producers and farmers seeking listed financing through Maine Harvest Solutions, Maine residents seeking member-owned, not-for-profit banking with community roots and local service
Not-for-profit federal credit union serving Kennebec, Waldo, and Lincoln Counties in Maine since 1954, offering checking, savings, loans, and digital banking services.
Profile signals: Maine residents in Kennebec, Waldo, or Lincoln Counties seeking community-focused banking, Individuals and families prioritizing not-for-profit member ownership over corporate banking
Casco Federal Credit Union is a member-owned, not-for-profit credit union serving Cumberland & York County with checking, savings, loans, and investment services.
Profile signals: Local residents of Cumberland and York County seeking accessible investing with low minimums, Members prioritizing auto loans at competitive promotional rates with published application timing
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