Dec, 31, 2023 — KRAFTMAN FEDERAL CREDIT UNION is a federal credit union headquartered in BASTROP, LA with 2 branch locations and about $120.12 million in total assets. Opened 71 years ago in 1953, KRAFTMAN FEDERAL CREDIT UNION has about 6,782 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KRAFTMAN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 805 E Cypress Ave BASTROP, LA 71220-3912 |
| Phone: | (318) 281-2804 |
| Fax: | (318) 281-3551 |
| Website: | https://kraftmanfcu.com |
| Branches: | 2 branch locations |
| Members: | 6,782 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8530 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $120,116,162 |
| CEO/Manager: | Barbara H Andrews |
| Chairperson: | Mack Palm |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,378,245 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,690,813 |
| Unsecured Loans | 2,525,386 |
| Other Loans | 27,246,373 |
| TOTAL LOANS | 41,462,572 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,821 |
| Land And Building | 5,778,487 |
| Other Fixed Assets | 216,935 |
| NCUSIF Deposit | 1,027,067 |
| All Other Assets | 0 |
| TOTAL ASSETS | 120,116,162 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 630,044 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,275,944 |
| Regular shares | 62,200,673 |
| All Other Shares & Deposits | 27,596,152 |
| TOTAL SHARES & DEPOSITS | 107,072,769 |
| TOTAL LIABILITIES | 107,702,813 |
| Regular Reserve | 0 |
| Other Reserves | -7,337,134 |
| Undivided Earnings | 19,750,483 |
| TOTAL EQUITY | 12,413,349 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 120,116,162 |
| INCOME & EXPENSE | |
| Loan Income | 2,076,820 |
| Investment Income | 1,757,624 |
| Other Income | 726,543 |
| Total Employee Compensation & Benefits | 1,804,438 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,505,011 |
| Non-operating Income & (Expense) | 49,242 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -39,699 |
| Cost of Funds | 1,020,390 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 320,089 |
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