Dec, 31, 2023 — GLOVER FEDERAL CREDIT UNION is a federal credit union headquartered in HONOLULU, HI with 1 branch location and about $2.56 million in total assets. Opened 66 years ago in 1958, GLOVER FEDERAL CREDIT UNION has about 209 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GLOVER FEDERAL CREDIT UNION |
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Address: (Main Office) | 248 Sand Island Access Rd HONOLULU, HI 96819 |
Phone: | (808) 218-7509 |
Fax: | (808) 218-7534 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 209 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12613 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,560,212 |
CEO/Manager: | Michele Watanabe |
Chairperson: | Byron Fujimoto |
ASSETS: | $ Amount |
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Cash & Equivalents | 328,928 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 19,889 |
Other Loans | 380,822 |
TOTAL LOANS | 400,711 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,158 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 25,765 |
All Other Assets | 0 |
TOTAL ASSETS | 2,560,212 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 125 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,770,461 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,770,461 |
TOTAL LIABILITIES | 1,770,586 |
Regular Reserve | 0 |
Other Reserves | 375,000 |
Undivided Earnings | 414,626 |
TOTAL EQUITY | 789,626 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,560,212 |
INCOME & EXPENSE | |
Loan Income | 14,696 |
Investment Income | 61,588 |
Other Income | 217 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 26,504 |
Non-operating Income & (Expense) | 223 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,538 |
Cost of Funds | 10,125 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 34,557 |
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» See also Statement of Financial Condition