Dec, 31, 2023 — HAWAIIAN ELECTRIC EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HONOLULU, HI with 1 branch location and about $34.46 million in total assets. Opened 87 years ago in 1937, HAWAIIAN ELECTRIC EMPLOYEES FEDERAL CREDIT UNION has about 1,730 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HAWAIIAN ELECTRIC EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 770 KAPIOLANI BLVD STE 514 HONOLULU, HI 96813 |
Phone: | (808) 451-3693 |
Fax: | (808) 441-0007 |
Website: | https://www.hecoefcu.org |
Branches: | 1 branch locations |
Members: | 1,730 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1869 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $34,463,248 |
CEO/Manager: | Pam Sumimoto |
Chairperson: | Kenneth H Pang |
ASSETS: | $ Amount |
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Cash & Equivalents | 261,146 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,210,436 |
Unsecured Loans | 2,299,384 |
Other Loans | 4,336,544 |
TOTAL LOANS | 14,846,364 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -153,583 |
Land And Building | 0 |
Other Fixed Assets | 6,820 |
NCUSIF Deposit | 292,552 |
All Other Assets | 0 |
TOTAL ASSETS | 34,463,248 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 174,825 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,027,214 |
Regular shares | 20,283,172 |
All Other Shares & Deposits | 5,854,180 |
TOTAL SHARES & DEPOSITS | 28,164,565 |
TOTAL LIABILITIES | 28,339,390 |
Regular Reserve | 0 |
Other Reserves | 5,401,629 |
Undivided Earnings | 722,229 |
TOTAL EQUITY | 6,123,858 |
TOTAL LIABILITIES, SHARES, & EQUITY | 34,463,248 |
INCOME & EXPENSE | |
Loan Income | 785,188 |
Investment Income | 459,685 |
Other Income | 21,070 |
Total Employee Compensation & Benefits | 351,085 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 525,133 |
Non-operating Income & (Expense) | -3 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 112,873 |
Cost of Funds | 99,183 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 214,806 |
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