Dec, 31, 2023 — MOLOKAI COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in KAUNAKAKAI, HI with 2 branch locations and about $36.22 million in total assets. Opened 73 years ago in 1951, MOLOKAI COMMUNITY FEDERAL CREDIT UNION has about 4,284 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOLOKAI COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 135 Puali Place KAUNAKAKAI, HI 96748 |
| Phone: | (808) 553-5328 |
| Fax: | (808) 553-3830 |
| Website: | https://www.molokaicommunityfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,284 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7471 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $36,222,479 |
| CEO/Manager: | Carrie-Ann Farris |
| Chairperson: | Brent Nakihei |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,448,125 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,085,672 |
| Unsecured Loans | 4,558,884 |
| Other Loans | 4,307,434 |
| TOTAL LOANS | 17,951,990 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -507,764 |
| Land And Building | 401,445 |
| Other Fixed Assets | 72,320 |
| NCUSIF Deposit | 313,164 |
| All Other Assets | 0 |
| TOTAL ASSETS | 36,222,479 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,491,241 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,865,951 |
| Regular shares | 20,850,509 |
| All Other Shares & Deposits | 3,990,561 |
| TOTAL SHARES & DEPOSITS | 29,707,022 |
| TOTAL LIABILITIES | 31,198,263 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,024,216 |
| TOTAL EQUITY | 5,024,216 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 36,222,479 |
| INCOME & EXPENSE | |
| Loan Income | 1,174,079 |
| Investment Income | 367,778 |
| Other Income | 201,472 |
| Total Employee Compensation & Benefits | 599,724 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 906,427 |
| Non-operating Income & (Expense) | 749,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 192,506 |
| Cost of Funds | 37,957 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 947,293 |
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