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KRAFTSMAN FEDERAL CREDIT UNION

Dec, 31, 2020 — KRAFTSMAN FEDERAL CREDIT UNION is a federal credit union headquartered in Hopewell, VA with 0 branch location and about $6.03 million in total assets. Opened 60 years ago in 1961, KRAFTSMAN FEDERAL CREDIT UNION has about 526 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)
PO Box 1241
Hopewell, VA 23860
Phone:(804) 541-9730
Fax:(804) 541-9731
Website:n/a
Branches:0 branch locations
Members:526
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:$6,032,666
CEO/Manager:Norma Jean Schleck
Chairperson:Paul Hamby

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 384,169
TOTAL INVESTMENTS 4,438,700
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 205,101
 Other Loans 941,838
 TOTAL LOANS 1,146,939
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -15,613
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 44,948
 All Other Assets 33,523
  TOTAL ASSETS 6,032,666
LIABILITIES & CAPITAL:  
 Dividends Payable 1,636
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,593
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,888,252
 All Other Shares & Deposits 784,296
  TOTAL SHARES & DEPOSITS 4,672,548
  TOTAL LIABILITIES 4,676,777
 Regular Reserve 125,439
 Other Reserves 0
 Undivided Earnings 1,230,450
  TOTAL EQUITY 1,355,889
  TOTAL LIABILITIES, SHARES, & EQUITY 6,032,666
INCOME & EXPENSE  
 Loan Income 58,053
 Investment Income 95,958
 Other Income 1,878
 Total Employee Compensation & Benefits 61,086
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 77,934
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 10,225
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,644
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