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KRAFTSMAN FEDERAL CREDIT UNION

Sep, 30, 2022 — KRAFTSMAN FEDERAL CREDIT UNION is a federal credit union headquartered in HOPEWELL, VA with 0 branch location and about $6.40 million in total assets. Opened 62 years ago in 1961, KRAFTSMAN FEDERAL CREDIT UNION has about 497 members and employs 3 full and part-time employees 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) 541-9730
Fax:(804) 541-9731
Website:n/a
Branches:0 branch locations
Members:497
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$6,403,435
CEO/Manager:Norma Jean Schleck
Chairperson:Paul Hamby

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 586,397
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 193,345
 Other Loans 860,902
 TOTAL LOANS 1,054,247
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,592
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 47,451
 All Other Assets 0
  TOTAL ASSETS 6,403,435
LIABILITIES & CAPITAL:  
 Dividends Payable 1,634
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,564
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,338,815
 All Other Shares & Deposits 765,224
  TOTAL SHARES & DEPOSITS 5,104,039
  TOTAL LIABILITIES 5,108,237
 Regular Reserve 0
 Other Reserves 125,440
 Undivided Earnings 1,169,758
  TOTAL EQUITY 1,295,198
  TOTAL LIABILITIES, SHARES, & EQUITY 6,403,435
INCOME & EXPENSE  
 Loan Income 37,447
 Investment Income 34,464
 Other Income 802
 Total Employee Compensation & Benefits 47,529
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 48,892
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,869
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -28,117
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