Dec, 31, 2023 — ONOMEA FEDERAL CREDIT UNION is a federal credit union headquartered in PAPAIKOU, HI with 1 branch location and about $25.10 million in total assets. Opened 85 years ago in 1939, ONOMEA FEDERAL CREDIT UNION has about 1,687 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ONOMEA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 27-251 Old Mamalahoa Hwy PAPAIKOU, HI 96781 |
| Phone: | (808) 964-1031 |
| Fax: | (808) 964-5088 |
| Website: | https://www.onomeafcu.org |
| Branches: | 1 branch locations |
| Members: | 1,687 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3050 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,103,565 |
| CEO/Manager: | David Morgan |
| Chairperson: | Michael J Udovic |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,421,017 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,450,724 |
| Unsecured Loans | 3,096,594 |
| Other Loans | 6,161,262 |
| TOTAL LOANS | 18,140,947 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -135,669 |
| Land And Building | 26,514 |
| Other Fixed Assets | 16,583 |
| NCUSIF Deposit | 201,615 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,103,565 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 209,235 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,177,233 |
| Regular shares | 15,764,680 |
| All Other Shares & Deposits | 2,143,637 |
| TOTAL SHARES & DEPOSITS | 21,085,550 |
| TOTAL LIABILITIES | 21,294,785 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,808,780 |
| TOTAL EQUITY | 3,808,780 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,103,565 |
| INCOME & EXPENSE | |
| Loan Income | 688,904 |
| Investment Income | 255,073 |
| Other Income | 40,356 |
| Total Employee Compensation & Benefits | 316,642 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 304,956 |
| Non-operating Income & (Expense) | -7 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 39,447 |
| Cost of Funds | 60,040 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 362,883 |
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