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 |
↑ Back to Top |