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ROME KRAFT EMPLOYEES CREDIT UNION

Sep, 30, 2025 — ROME KRAFT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ROME, GA with 1 branch location and about $22.56 million in total assets. Opened 71 years ago in 1955, ROME KRAFT EMPLOYEES CREDIT UNION has about 1,740 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ROME KRAFT EMPLOYEES CREDIT UNION
Address:
(Main Office)
4620 Alabama Hwy NW
ROME, GA 30165
Phone:(706) 295-9027
Fax:(706) 295-9036
Website:https://www.romekraftcu.com
Branches:1 branch locations
Members:1,740
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60707
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1955
Last Audited:Dec 01, 2024
FHLB Member:No
Low Income Designation:No
Assets:$22,564,232
CEO/Manager:Tiffany Howerton
Chairperson:Patricia G Thompson

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,043,818
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,611,697
 Unsecured Loans 813,478
 Other Loans 13,507,688
 TOTAL LOANS 16,306,483
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -171,382
 Land And Building 95,786
 Other Fixed Assets 6,355
 NCUSIF (National Credit Union Share Insurance Fund) Deposit 161,874
 All Other Assets 0
  TOTAL ASSETS 22,564,232
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,452
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 8,695,911
 All Other Shares & Deposits 8,465,175
  TOTAL SHARES & DEPOSITS 17,161,086
  TOTAL LIABILITIES 17,184,538
 Regular Reserve 0
 Other Reserves 461,093
 Undivided Earnings 4,918,601
  TOTAL EQUITY 5,379,694
  TOTAL LIABILITIES, SHARES, & EQUITY 22,564,232
INCOME & EXPENSE  
 Loan Income 769,718
 Investment Income 181,751
 Other Income 25,046
 Total Employee Compensation & Benefits 208,497
 NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense 0
 Total Other Operating Expenses 183,868
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,500
 Cost of Funds 364,554
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 240,954
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