Dec, 31, 2023 — HAMAKUA FEDERAL CREDIT UNION is a federal credit union headquartered in PEPEEKEO, HI with 1 branch location and about $18.44 million in total assets. Opened 87 years ago in 1937, HAMAKUA FEDERAL CREDIT UNION has about 1,635 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HAMAKUA FEDERAL CREDIT UNION |
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Address: (Main Office) | 28-490 Kaakepa Street PEPEEKEO, HI 96783 |
Phone: | (808) 964-5566 |
Fax: | (808) 964-5634 |
Website: | https://www.hamakuafcu.org |
Branches: | 1 branch locations |
Members: | 1,635 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2280 |
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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: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,437,619 |
CEO/Manager: | Kelly Gibo |
Chairperson: | Renee Schoen |
ASSETS: | $ Amount |
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Cash & Equivalents | 705,870 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,863,977 |
Unsecured Loans | 2,732,470 |
Other Loans | 4,443,400 |
TOTAL LOANS | 9,039,847 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,514 |
Land And Building | 72,660 |
Other Fixed Assets | 3,269 |
NCUSIF Deposit | 163,284 |
All Other Assets | 0 |
TOTAL ASSETS | 18,437,619 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 43,682 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,533,519 |
Regular shares | 11,924,789 |
All Other Shares & Deposits | 1,218,679 |
TOTAL SHARES & DEPOSITS | 15,676,987 |
TOTAL LIABILITIES | 15,720,670 |
Regular Reserve | 0 |
Other Reserves | 773,318 |
Undivided Earnings | 1,943,631 |
TOTAL EQUITY | 2,716,949 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,437,619 |
INCOME & EXPENSE | |
Loan Income | 527,694 |
Investment Income | 240,353 |
Other Income | 45,465 |
Total Employee Compensation & Benefits | 323,720 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 436,827 |
Non-operating Income & (Expense) | 180 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,977 |
Cost of Funds | 31,842 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 77,737 |
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