Sep, 30, 2025 — GEORGETOWN KRAFT CREDIT UNION is a federally insured state chartered credit union headquartered in GEORGETOWN, SC with 5 branch locations and about $187.34 million in total assets. Opened 74 years ago in 1952, GEORGETOWN KRAFT CREDIT UNION has about 17,191 members and employs 75 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GEORGETOWN KRAFT CREDIT UNION |
|---|---|
| Address: (Main Office) | 1379 N Fraser St GEORGETOWN, SC 29440-2825 |
| Phone: | (843) 546-8494 |
| Fax: | (843) 546-0029 |
| Website: | https://www.gkcu.org |
| Branches: | 5 branch locations |
| Members: | 17,191 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60791 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Nov 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $187,340,305 |
| CEO/Manager: | Kevin D Owens |
| Chairperson: | James T Bessant |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,654,941 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,658,381 |
| Unsecured Loans | 11,484,393 |
| Other Loans | 79,933,937 |
| TOTAL LOANS | 111,076,711 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,772,353 |
| Land And Building | 6,514,336 |
| Other Fixed Assets | 329,647 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,440,987 |
| All Other Assets | 0 |
| TOTAL ASSETS | 187,340,305 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,131,587 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,415,369 |
| Regular shares | 75,405,801 |
| All Other Shares & Deposits | 38,532,465 |
| TOTAL SHARES & DEPOSITS | 153,353,635 |
| TOTAL LIABILITIES | 155,485,222 |
| Regular Reserve | 0 |
| Other Reserves | -1,695,899 |
| Undivided Earnings | 33,550,982 |
| TOTAL EQUITY | 31,855,083 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 187,340,305 |
| INCOME & EXPENSE | |
| Loan Income | 6,445,035 |
| Investment Income | 1,581,287 |
| Other Income | 3,058,742 |
| Total Employee Compensation & Benefits | 3,978,034 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,759,474 |
| Non-operating Income & (Expense) | -25,962 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 556,213 |
| Cost of Funds | 940,563 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,566,118 |
| ↑ Back to Top | |