Dec, 31, 2021 — GLOVER FEDERAL CREDIT UNION is a federal credit union headquartered in HONOLULU, HI with 1 branch location and about $3.63 million in total assets. Opened 64 years ago in 1958, GLOVER FEDERAL CREDIT UNION has about 234 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: | 234 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,628,778 |
| CEO/Manager: | Michele Watanabe |
| Chairperson: | Byron Fujimoto |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 422,685 |
| TOTAL INVESTMENTS | 2,975,175 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 6,207 |
| Other Loans | 194,149 |
| TOTAL LOANS | 200,356 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,892 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 32,591 |
| All Other Assets | 17,863 |
| TOTAL ASSETS | 3,628,778 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 151 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,877,430 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 2,877,430 |
| TOTAL LIABILITIES | 2,877,581 |
| Regular Reserve | 51,862 |
| Other Reserves | 375,000 |
| Undivided Earnings | 324,335 |
| TOTAL EQUITY | 751,197 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,628,778 |
| INCOME & EXPENSE | |
| Loan Income | 4,485 |
| Investment Income | 37,223 |
| Other Income | 32 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 847 |
| Total Other Operating Expenses | 21,074 |
| Non-operating Income & (Expense) | 101 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,646 |
| Cost of Funds | 1,733 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,541 |
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