CRAFTMASTER FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.craftmasterfcu.org for more information.
Dec, 31, 2023 — CRAFTMASTER FEDERAL CREDIT UNION is a federal credit union headquartered in TOWANDA, PA with 1 branch location and about $14.20 million in total assets. Opened 53 years ago in 1971, CRAFTMASTER FEDERAL CREDIT UNION has about 1,347 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CRAFTMASTER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 175 TOWANDA, PA 18848 |
| Phone: | (570) 265-8410 |
| Fax: | (570) 265-3054 |
| Website: | https://www.craftmasterfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,347 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20557 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,197,168 |
| CEO/Manager: | Dena R Miller |
| Chairperson: | Alice Berger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,169,323 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 911,795 |
| Unsecured Loans | 1,070,725 |
| Other Loans | 6,639,310 |
| TOTAL LOANS | 8,621,830 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,264 |
| Land And Building | 0 |
| Other Fixed Assets | 10,529 |
| NCUSIF Deposit | 100,625 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,197,168 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,963 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 488,025 |
| Regular shares | 7,679,233 |
| All Other Shares & Deposits | 3,004,631 |
| TOTAL SHARES & DEPOSITS | 11,171,889 |
| TOTAL LIABILITIES | 11,185,852 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,011,316 |
| TOTAL EQUITY | 3,011,316 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,197,168 |
| INCOME & EXPENSE | |
| Loan Income | 409,091 |
| Investment Income | 28,811 |
| Other Income | 50,306 |
| Total Employee Compensation & Benefits | 129,106 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 117,410 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
| Cost of Funds | 41,926 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 189,706 |
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