Dec, 31, 2023 — HAWAII STATE FEDERAL CREDIT UNION is a federal credit union headquartered in HONOLULU, HI with 15 branch locations and about $2.38 billion in total assets. Opened 88 years ago in 1936, HAWAII STATE FEDERAL CREDIT UNION has about 128,823 members and employs 379 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 STATE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 333 Queen St HONOLULU, HI 96813-4726 |
| Phone: | (808) 587-2700 |
| Fax: | |
| Website: | https://www.hawaiistatefcu.com |
| Branches: | 15 branch locations |
| Members: | 128,823 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1718 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,379,703,603 |
| CEO/Manager: | Andrew Rosen |
| Chairperson: | Kaulana Park |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 240,036,112 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 796,331 |
| Real Estate Loans | 923,027,627 |
| Unsecured Loans | 232,860,496 |
| Other Loans | 68,790,187 |
| TOTAL LOANS | 1,224,707,968 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,525,413 |
| Land And Building | 85,148,966 |
| Other Fixed Assets | 21,748,615 |
| NCUSIF Deposit | 20,935,379 |
| All Other Assets | 35,622 |
| TOTAL ASSETS | 2,379,703,603 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,787 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 49,044,447 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 410,098,320 |
| Regular shares | 663,005,169 |
| All Other Shares & Deposits | 1,093,240,626 |
| TOTAL SHARES & DEPOSITS | 2,166,344,115 |
| TOTAL LIABILITIES | 2,215,504,559 |
| Regular Reserve | 0 |
| Other Reserves | -20,375,661 |
| Undivided Earnings | 184,574,705 |
| TOTAL EQUITY | 164,199,044 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,379,703,603 |
| INCOME & EXPENSE | |
| Loan Income | 60,374,321 |
| Investment Income | 17,016,671 |
| Other Income | 8,140,189 |
| Total Employee Compensation & Benefits | 40,688,306 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 32,628,053 |
| Non-operating Income & (Expense) | 985,914 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,895,640 |
| Cost of Funds | 19,502,898 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,633,874 |
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