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Kraftman Credit Union

Overview
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Kraftman Credit Union is a federal credit union based in Bastrop, Louisiana. It has been opened since 1953, for 67 years.

With around $102,510,000 in assets, Kraftman Credit Union is considered to be a large credit union. It has 1 branches and 1 ATM locations.

About
Address P.O. Drawer 10
Bastrop, Louisiana 71221
Website https://kraftmanfcu.com
Phone (318) 281-2804
Fax (318) 281-3551
CEO Tina Lewis
President of the Board Todd Spear
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
7,121 members
Membership type: Multiple common bond – primary other manufacturing
Above average number of members
303:1
Credit union member to staff ratio
303 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$102,506,038
Total assets
Above average
1 branch
Compared with an average of 4 nationally and 2 in Louisiana
Average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 2 in Louisiana
Average number of branches
Kraftman Credit Union Branch Locations

Kraftman Federal Credit Union
805 E. Cypress Avenue
Bastrop, Louisiana 71220
ATM Available
Members
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7,121 members
Membership type: Multiple common bond – primary other manufacturing
Above average number of members

With 7,121 members, the Kraftman Credit Union is considered to be a large credit union. It is larger than 64% of credit unions.

Fees
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$121
Average fee per member
The average fee per member at the Kraftman Credit Union is $121, which is very high compared to most credit unions. This rate is higher than 91% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Kraftman Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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303:1
Credit union member to staff ratio
303 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
24 staff members
FTE (full-time equivalent)
4% of employees are part-time
23 full-time, 1 part-time

Kraftman Credit Union has 23 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 96% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Kraftman Credit Union has around 303 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$102,506,038
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
14.6%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$9,982
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 49% of credit unions.

Kraftman Credit Union holds a total of $33,290,000 in loans and leases, which is about $9,982 per member on average.

Savings interest rate
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0.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Kraftman Credit Union pays 0.25%.

Loan rates
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9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
7.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.75%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.75%
New car loan rate
Compared to 4.0% nationally
4.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.90%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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Net Worth Classification
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Average Fee
Credit Card Loan Interest Rate
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