Georgetown Kraft Credit Union

1530 Bourne Street
Georgetown, SC 29440
(843) 546-8494
www.gkcu.org

NCUA

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Georgetown Kraft Credit Union is headquartered in Georgetown and is the 22^nd largest credit union in the state of South Carolina. It is also the 1,750^th largest credit union in the nation. It was established in 1952 and as of December of 2012, it had grown to 40 employees and 12,676 members. Georgetown Kraft Credit Union has a 4-star health rating.

Georgetown Kraft Credit Union Routing Number: 253279099

6.00% 4-Month CD at a South Carolina CU - with an extra 1% possible (Georgetown Kraft) - 10/30/2007

Georgetown Kraft Credit Union is offering a special 6.00% APY 4-month certificate. The minimum deposit is $1,000. An extra 1% rate bump is possible for a minimum deposit of $5,000 and if you pick the winning team in the Nov 24th game between the Clemson...

5.55% 7-Month CD Available Online for NC, SC, GA and FL Residents (First Federal) - 4/20/2007

First Federal is offering a 5.55% APY 7-month certificate of deposit. The minimum deposit is $1,000. It's available only online. The start of the application page states:Currently we are servicing North Carolina, South Carolina, Georgia, and Florida for...

5.64% 6-Month CD at a South Carolina CU (Georgetown Kraft) - 4/9/2007

Georgetown Kraft Credit Union is offering a special 5.64% APY 6-month share certificate. The minimum deposit is $1,000. Field of membership includes those who live, work or attend school in Georgetown or Williamsburg Counties of South Carolina....

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See Rates for: Checking | Savings | Money Market | CD | IRA

Georgetown Kraft Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.05%	$2,500	-	Checking Account

Georgetown Kraft Credit Union Savings Account Rates

Apy	Min	Max	Product
0.20%	$100	-	Share Savings Account
0.20%	-	-	Traditional IRA Account
0.20%	-	-	Roth IRA Account
0.20%	-	-	Club Account

Georgetown Kraft Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.30%	$25k	-	Money Market Account

Georgetown Kraft Credit Union CD Rates

Apy	Min	Max	Product
1.26%	$1k	-	60 Month Share Certificate
1.00%	$1k	-	48 Month Share Certificate
0.75%	$1k	-	24 Month Share Certificate
0.75%	$1k	-	36 Month Share Certificate
0.50%	$1k	-	18 Month Share Certificate
0.40%	$1k	-	12 Month Share Certificate
0.30%	$1k	-	6 Month Share Certificate
0.20%	$1k	-	90 Day Share Certificate

Georgetown Kraft Credit Union IRA Rates

Apy	Min	Max	Product
0.40%	$500	-	12 Month IRA
0.40%	$500	-	12 Month Roth IRA

Rates updated: 5/19/2013

Data for Q4 2012

Institution Statistics

GEORGETOWN KRAFT
NCUA #	60791
BankRate Report	View
Year Chartered	1952
Employees	40
Primary Regulator
Assets and Liabilities
Assets	$77.25 million
Loans	$58.61 million
Deposits	$67.07 million
Equity Capital	$9.56 million
Loan Loss Allowance	$646,000
Unbacked Noncurrent Loans	$1.33 million
Real Estate Owned	$180,000
Historic Data - December 2011
Assets	$72.87 million
Equity Capital	$8.53 million
Loan Loss Allowance	$517,000
Unbacked Noncurrent Loans	$928,000
Real Estate Owned	$89,000
Profit Margin - Quarterly
Net Interest Margin	6.44%
Return on Assets	1.54%
Return on Equity	12.44%
Interest Income	$3.89 million
Non-Interest Income	$2.62 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Georgetown Kraft Credit Union had $1.51 million in non-current loans and owned real-estate with $10.2 million in equity and loan loss allowances on hand to cover it. This gives Georgetown Kraft Credit Union a Texas Ratio of 14.77% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Georgetown Kraft Credit Union held steady from 11.24% as of December 31, 2011 to 14.77% as of December 31, 2012, resulting in a negative change of 31.41%. This indicates that the balance sheet and financial strength for Georgetown Kraft Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Georgetown Kraft Credit Union has increased its total deposits by $2.42 million, resulting in 3.74% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Georgetown Kraft Credit Union has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Georgetown Kraft Credit Union has $77.25 million in assets with $10.2 million in equity, resulting in a capitalization level of 13.21%, which is excellent.