Question 1

What is Rome Kraft Employees Credit Union?

Accepted Answer

Rome Kraft Employees Credit Union is a state-chartered credit union headquartered in Coosa, Georgia. Founded in 1955, this small, member-focused financial cooperative serves employees of Rome Kraft and their families. With approximately $22.6 million in total assets and 1,740 members as of Q3 2025, the credit union maintains a well-capitalized status with a strong net worth ratio of 23.84%.

The credit union operates as an occupational credit union, meaning membership is limited to employees of Rome Kraft (historically associated with paper manufacturing in the Rome, Georgia area) and their immediate family members.

Question 2

When was Rome Kraft Employees Credit Union founded?

Accepted Answer

Rome Kraft Employees Credit Union was chartered in 1955. The credit union was established to serve employees of Rome Kraft, a company associated with the paper manufacturing industry in the Rome area of Northwest Georgia.

The credit union was founded during a period when many workplace-based credit unions were formed to provide financial services to employees who might have had limited access to traditional banking services. Over nearly seven decades, the credit union has maintained its focus on serving its select employee group and their families.

Question 3

Where is Rome Kraft Employees Credit Union headquartered?

Accepted Answer

Rome Kraft Employees Credit Union is headquartered in Coosa, Georgia, with its mailing address at P.O. Box 387, Coosa, GA 30129. Coosa is a small community located in Floyd County in Northwest Georgia.

The credit union's location in Coosa reflects its close connection to the Rome area's industrial and manufacturing heritage.

Question 4

Where does Rome Kraft Employees Credit Union operate?

Accepted Answer

Rome Kraft Employees Credit Union operates primarily in the Coosa and Rome area of Northwest Georgia. As a select employee group (SEG) credit union, membership is restricted to employees of Rome Kraft and their immediate family members.

The credit union does not operate multiple branch locations, maintaining a focused approach to serving its specific membership base. Members in the area can access services at the credit union's office in Coosa.

Question 5

What services does Rome Kraft Employees Credit Union offer?

Accepted Answer

Rome Kraft Employees Credit Union offers a comprehensive range of financial services to its members, including:

Lending Products: Auto loans with rates as low as 4.25% APR, personal loans starting at 8.00% APR, and home equity lines of credit (HELOCs) with rates as low as 7.00% APR. As of Q3 2025, the credit union maintains a loan portfolio of approximately $16.3 million.

Savings Products: Share accounts (savings), certificates of deposit with competitive rates, and deposit accounts. The credit union holds approximately $17.2 million in total deposits.

Account Services: Members have access to savings and checking account services designed for everyday banking needs.

The credit union operates with a small, dedicated staff of four full-time employees who provide personalized service to the membership.

Question 6

What makes Rome Kraft Employees Credit Union unique?

Accepted Answer

Rome Kraft Employees Credit Union stands out for its nearly 70-year commitment to serving a specific employee group and maintaining strong financial stability. With a net worth ratio of 23.84%, the credit union significantly exceeds regulatory requirements for well-capitalized institutions.

The credit union has demonstrated consistent growth, with 3.82% member growth over the past four quarters and a healthy return on average assets of 1.46%. Despite its small size, the credit union maintains a robust loan-to-share ratio of 95.02%, indicating active lending to members.

The personalized service model, enabled by a small staff serving approximately 1,740 members, allows for close relationships and individualized attention that larger financial institutions often cannot provide. The credit union's longevity and focus on a specific employee group reflects the traditional cooperative credit union model.

Question 7

What type of financial institution is Rome Kraft Employees Credit Union?

Accepted Answer

Rome Kraft Employees Credit Union is a state-chartered credit union regulated by the National Credit Union Administration (NCUA). As a state charter, it operates under Georgia state credit union laws while maintaining federal deposit insurance through the NCUA.

The credit union is structured as a not-for-profit financial cooperative, meaning members are also owners. Membership is limited to employees of Rome Kraft and their immediate family members, making it an occupational or select employee group (SEG) credit union.

All member deposits are federally insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), providing the same level of protection as FDIC insurance at banks.

Rome Kraft Employees Credit Union

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About Rome Kraft Employees Credit Union in the United States