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KRAFTSMAN FEDERAL CREDIT UNION

Mar, 31, 2021 — KRAFTSMAN FEDERAL CREDIT UNION is a federal credit union headquartered in Hopewell, VA with 0 branch location and about $5.98 million in total assets. Opened 60 years ago in 1961, KRAFTSMAN FEDERAL CREDIT UNION has about 522 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)
PO Box 1241
Hopewell, VA 23860
Phone:(804) 541-9730
Fax:(804) 541-9731
Website:n/a
Branches:0 branch locations
Members:522
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$5,979,754
CEO/Manager:Norma Jean Schleck
Chairperson:Paul Hamby

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 374,197
TOTAL INVESTMENTS 4,513,911
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 178,287
 Other Loans 856,533
 TOTAL LOANS 1,034,820
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -19,395
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 44,948
 All Other Assets 31,273
  TOTAL ASSETS 5,979,754
LIABILITIES & CAPITAL:  
 Dividends Payable 1,611
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,177
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,848,186
 All Other Shares & Deposits 780,292
  TOTAL SHARES & DEPOSITS 4,628,478
  TOTAL LIABILITIES 4,632,266
 Regular Reserve 125,440
 Other Reserves 0
 Undivided Earnings 1,222,048
  TOTAL EQUITY 1,347,488
  TOTAL LIABILITIES, SHARES, & EQUITY 5,979,754
INCOME & EXPENSE  
 Loan Income 12,996
 Investment Income 15,975
 Other Income 389
 Total Employee Compensation & Benefits 15,398
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 20,753
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,611
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -8,402
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