Dec, 31, 2023 — HFS FEDERAL CREDIT UNION is a federal credit union headquartered in HILO, HI with 6 branch locations and about $861.43 million in total assets. Opened 87 years ago in 1937, HFS FEDERAL CREDIT UNION has about 52,563 members and employs 124 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HFS FEDERAL CREDIT UNION |
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Address: (Main Office) | 632 KINOOLE ST HILO, HI 96720-3828 |
Phone: | (808) 930-1400 |
Fax: | (808) 935-2091 |
Website: | https://secure.hfsfcu.org |
Branches: | 6 branch locations |
Members: | 52,563 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1829 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $861,425,028 |
CEO/Manager: | NATHAN N ABE |
Chairperson: | GERALD TAKASE |
ASSETS: | $ Amount |
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Cash & Equivalents | 129,415,296 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 212,689,611 |
Unsecured Loans | 79,024,171 |
Other Loans | 83,861,652 |
TOTAL LOANS | 375,575,434 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,474,738 |
Land And Building | 19,640,016 |
Other Fixed Assets | 3,031,477 |
NCUSIF Deposit | 7,575,971 |
All Other Assets | 185,563 |
TOTAL ASSETS | 861,425,028 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 10,976,919 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 133,388,145 |
Regular shares | 313,506,380 |
All Other Shares & Deposits | 324,976,903 |
TOTAL SHARES & DEPOSITS | 771,871,428 |
TOTAL LIABILITIES | 782,905,436 |
Regular Reserve | 0 |
Other Reserves | 77,674,692 |
Undivided Earnings | 844,900 |
TOTAL EQUITY | 78,519,592 |
TOTAL LIABILITIES, SHARES, & EQUITY | 861,425,028 |
INCOME & EXPENSE | |
Loan Income | 16,686,164 |
Investment Income | 12,336,923 |
Other Income | 3,428,554 |
Total Employee Compensation & Benefits | 10,431,643 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,424,152 |
Non-operating Income & (Expense) | -25 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,821,810 |
Cost of Funds | 7,294,514 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,389,760 |
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