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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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