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1530 Bourne St
Georgetown, SC 29440-4775

Georgetown Kraft Credit Union is headquartered in Georgetown and is the 21st largest credit union in the state of South Carolina. It is also the 1,653rd largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 43 employees and 13,349 members. Georgetown Kraft Credit Union has a A+ health rating.

Field of Membership Restrictions

Must live, work or attend school in Georgetown or Williamsburg County. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Georgetown Kraft Credit Union has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Georgetown Kraft Credit Union had $689,000 in non-current loans and owned real-estate with $11.58 million in equity and loan loss allowances on hand to cover it. This gives Georgetown Kraft Credit Union a Texas Ratio of 5.95% which is excellent. 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 decreased dramatically from 10.69% as of March 31, 2013 to 5.95% as of March 31, 2014, resulting in a positive change of 44.33%.This indicates that the balance sheet and financial strength for Georgetown Kraft Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Georgetown Kraft Credit Union has increased its total deposits by $3.98 million, resulting in 5.52% 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 excellent.



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 $87.56 million in assets with $11.58 million in equity, resulting in a capitalization level of 13.23%, which is excellent.

Institution Statistics

NCUA #60791
Year Chartered1952
Primary Regulator
Assets and Liabilities
Assets$87.56 million
Loans$58.30 million
Deposits$76.15 million
Equity Capital$10.82 million
Loan Loss Allowance$765,000
Unbacked Noncurrent Loans$670,000
Real Estate Owned$19,000
Historic Data - March 2013
Assets$82.36 million
Equity Capital$9.76 million
Loan Loss Allowance$625,000
Unbacked Noncurrent Loans$670,000
Real Estate Owned$180,000
Profit Margin - Quarterly
Net Interest Margin1.46%
Return on Assets0.87%
Return on Equity7.03%
Interest Income$875,000

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Georgetown Kraft Credit Union Savings Account Rates

0.20%--Traditional IRA Account
0.20%--Roth IRA Account
0.10%$100-Share Savings Account
0.10%--Club Account

Georgetown Kraft Credit Union Money Market Rates

0.30%$25k-Money Market Account

Georgetown Kraft Credit Union Checking Account Rates

0.05%$2,500-Checking Account

Georgetown Kraft Credit Union CD Rates

1.00%$1k-60 Month Share Certificate
0.80%$1k-48 Month Share Certificate
0.70%$1k-36 Month Share Certificate
0.60%$1k-24 Month Share Certificate
0.50%$1k-18 Month Share Certificate
0.40%$1k-12 Month Share Certificate
0.25%$1k-6 Month Share Certificate
0.15%$1k-90 Day Share Certificate

Georgetown Kraft Credit Union IRA Rates

0.40%$500-12 Month IRA

Georgetown Kraft Credit Union Locations
Branch Office49 Jetty DrPawleys Island, SC 29585-8425
Branch Office103 S Morgan AveAndrews, SC 29510-2647
Branch Office488 Nelson BlvdKingstree, SC 29556-4025
Branch Office1530 Bourne StGeorgetown, SC 29440-4775