Dec, 31, 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 |
| 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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