Sep, 30, 2025 — KRAFTSMAN FEDERAL CREDIT UNION is a federal credit union headquartered in HOPEWELL, VA with 1 branch location and about $5.00 million in total assets. Opened 65 years ago in 1961, KRAFTSMAN FEDERAL CREDIT UNION has about 461 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KRAFTSMAN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 910 Industrial St HOPEWELL, VA 23860 |
| Phone: | (804) 452-3129 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 461 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14185 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,002,644 |
| CEO/Manager: | Norma Jean Schleck |
| Chairperson: | Paul Hamby |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 146,728 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 201,339 |
| Other Loans | 1,318,951 |
| TOTAL LOANS | 1,520,290 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,000 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 37,309 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,002,644 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,226 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,423 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,076,220 |
| All Other Shares & Deposits | 576,580 |
| TOTAL SHARES & DEPOSITS | 3,652,800 |
| TOTAL LIABILITIES | 3,659,449 |
| Regular Reserve | 0 |
| Other Reserves | 126,257 |
| Undivided Earnings | 1,216,938 |
| TOTAL EQUITY | 1,343,195 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,002,644 |
| INCOME & EXPENSE | |
| Loan Income | 69,906 |
| Investment Income | 95,557 |
| Other Income | 514 |
| Total Employee Compensation & Benefits | 49,231 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 62,087 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,622 |
| Cost of Funds | 16,235 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 38,033 |
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