Dec, 31, 2023 — ROME KRAFT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ROME, GA with 1 branch location and about $21.52 million in total assets. Opened 69 years ago in 1955, ROME KRAFT EMPLOYEES CREDIT UNION has about 1,665 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://romekraftcu.com |
| Branches: | 1 branch locations |
| Members: | 1,665 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,521,085 |
| CEO/Manager: | Diane B McCoy |
| Chairperson: | Patricia G Thompson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,369,805 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 801,555 |
| Other Loans | 12,979,746 |
| TOTAL LOANS | 15,531,241 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -207,438 |
| Land And Building | 80,479 |
| Other Fixed Assets | 4,930 |
| NCUSIF Deposit | 152,670 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,521,085 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,839 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,244 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 8,355,763 |
| All Other Shares & Deposits | 8,205,989 |
| TOTAL SHARES & DEPOSITS | 16,561,752 |
| TOTAL LIABILITIES | 16,589,835 |
| Regular Reserve | 0 |
| Other Reserves | 461,093 |
| Undivided Earnings | 4,470,157 |
| TOTAL EQUITY | 4,931,250 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,521,085 |
| INCOME & EXPENSE | |
| Loan Income | 794,653 |
| Investment Income | 193,538 |
| Other Income | 16,052 |
| Total Employee Compensation & Benefits | 313,336 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 199,404 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,800 |
| Cost of Funds | 270,075 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 271,407 |
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