Dec, 31, 2023 — KRAFTSMAN FEDERAL CREDIT UNION is a federal credit union headquartered in HOPEWELL, VA with 0 branch location and about $5.35 million in total assets. Opened 63 years ago in 1961, KRAFTSMAN FEDERAL CREDIT UNION has about 471 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) 541-9730 |
| Fax: | (804) 541-9731 |
| Website: | n/a |
| Branches: | 0 branch locations |
| Members: | 471 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,346,126 |
| CEO/Manager: | Norma Jean Schleck |
| Chairperson: | Paul Hamby |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 149,310 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 211,462 |
| Other Loans | 1,158,123 |
| TOTAL LOANS | 1,369,586 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,056 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 43,434 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,346,126 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,838 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,843 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,331,818 |
| All Other Shares & Deposits | 716,986 |
| TOTAL SHARES & DEPOSITS | 4,048,804 |
| TOTAL LIABILITIES | 4,054,485 |
| Regular Reserve | 0 |
| Other Reserves | 125,440 |
| Undivided Earnings | 1,166,201 |
| TOTAL EQUITY | 1,291,641 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,346,126 |
| INCOME & EXPENSE | |
| Loan Income | 67,423 |
| Investment Income | 85,470 |
| Other Income | 1,017 |
| Total Employee Compensation & Benefits | 59,892 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 73,573 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,600 |
| Cost of Funds | 11,334 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,901 |
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