Dec, 31, 2020 — HAWAII FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in Kamuela, HI with 2 branch locations and about $43.99 million in total assets. Opened 65 years ago in 1956, HAWAII FIRST FEDERAL CREDIT UNION has about 8,400 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HAWAII FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 446 Kamuela, HI 96743 |
| Phone: | (808) 885-7349 |
| Fax: | (808) 885-2098 |
| Website: | http://www.hawaiifirstfcu.com |
| Branches: | 2 branch locations |
| Members: | 8,400 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10938 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,988,126 |
| CEO/Manager: | Laura Aguirre |
| Chairperson: | Kristina Makoff |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,669,617 |
| TOTAL INVESTMENTS | 6,216,604 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,244,084 |
| Unsecured Loans | 2,427,247 |
| Other Loans | 4,853,312 |
| TOTAL LOANS | 28,524,643 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -371,287 |
| Land And Building | 0 |
| Other Fixed Assets | 118,593 |
| NCUSIF Deposit | 320,773 |
| All Other Assets | 509,183 |
| TOTAL ASSETS | 43,988,126 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,342,936 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,045,174 |
| Regular shares | 25,957,056 |
| All Other Shares & Deposits | 3,445,372 |
| TOTAL SHARES & DEPOSITS | 37,447,602 |
| TOTAL LIABILITIES | 38,790,538 |
| Regular Reserve | 2,131,654 |
| Other Reserves | 0 |
| Undivided Earnings | 3,065,934 |
| TOTAL EQUITY | 5,197,588 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,988,126 |
| INCOME & EXPENSE | |
| Loan Income | 2,036,787 |
| Investment Income | 168,066 |
| Other Income | 843,558 |
| Total Employee Compensation & Benefits | 1,525,053 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,275,192 |
| Non-operating Income & (Expense) | 263,363 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 180,705 |
| Cost of Funds | 88,308 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 242,516 |
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