Dec, 31, 2020 — GLOVER FEDERAL CREDIT UNION is a federal credit union headquartered in Honolulu, HI with 1 branch location and about $4.00 million in total assets. Opened 63 years ago in 1958, GLOVER FEDERAL CREDIT UNION has about 241 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 |
|---|---|
| Address: (Main Office) | PO Box 579 Honolulu, HI 96809 |
| Phone: | (808) 218-7509 |
| Fax: | (808) 218-7534 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 241 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12613 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,004,856 |
| CEO/Manager: | Michele Watanabe |
| Chairperson: | Joni Okuhara |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 399,018 |
| TOTAL INVESTMENTS | 3,470,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 17,467 |
| Other Loans | 45,760 |
| TOTAL LOANS | 63,227 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,833 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 30,223 |
| All Other Assets | 53,221 |
| TOTAL ASSETS | 4,004,856 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 139 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,259,062 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,259,062 |
| TOTAL LIABILITIES | 3,259,201 |
| Regular Reserve | 51,862 |
| Other Reserves | 375,000 |
| Undivided Earnings | 318,793 |
| TOTAL EQUITY | 745,655 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,004,856 |
| INCOME & EXPENSE | |
| Loan Income | 3,732 |
| Investment Income | 57,169 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 1,019 |
| Total Other Operating Expenses | 23,124 |
| Non-operating Income & (Expense) | 85 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,543 |
| Cost of Funds | 9,506 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 28,880 |
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