Dec, 31, 2023 — KO`OLAU FEDERAL CREDIT UNION is a federal credit union headquartered in KAILUA, HI with 2 branch locations and about $88.48 million in total assets. Opened 71 years ago in 1953, KO`OLAU FEDERAL CREDIT UNION has about 6,666 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | KO`OLAU FEDERAL CREDIT UNION |
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Address: (Main Office) | 6699 Mokapu Rd KAILUA, HI 96734 |
Phone: | (808) 254-3566 |
Fax: | (808) 254-2243 |
Website: | https://www.koolaufcu.org |
Branches: | 2 branch locations |
Members: | 6,666 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8435 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $88,477,153 |
CEO/Manager: | James Lee |
Chairperson: | Valerie Gourley |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,712,350 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 33,461,546 |
Unsecured Loans | 5,013,945 |
Other Loans | 16,355,882 |
TOTAL LOANS | 54,831,374 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -398,417 |
Land And Building | 0 |
Other Fixed Assets | 974,795 |
NCUSIF Deposit | 714,990 |
All Other Assets | 10,178 |
TOTAL ASSETS | 88,477,153 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 4,240,000 |
Accounts Payable & Other Liabilities | 1,230,796 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,956,332 |
Regular shares | 34,184,698 |
All Other Shares & Deposits | 26,272,364 |
TOTAL SHARES & DEPOSITS | 76,413,394 |
TOTAL LIABILITIES | 81,886,417 |
Regular Reserve | 0 |
Other Reserves | -1,674,768 |
Undivided Earnings | 8,265,504 |
TOTAL EQUITY | 6,590,736 |
TOTAL LIABILITIES, SHARES, & EQUITY | 88,477,153 |
INCOME & EXPENSE | |
Loan Income | 2,321,137 |
Investment Income | 583,093 |
Other Income | 300,373 |
Total Employee Compensation & Benefits | 875,125 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,806,805 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 170,381 |
Cost of Funds | 402,954 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 325,039 |
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