Dec, 31, 2023 — MAUI TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in WAILUKU, HI with 1 branch location and about $32.67 million in total assets. Opened 88 years ago in 1936, MAUI TEACHERS FEDERAL CREDIT UNION has about 1,421 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAUI TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2145 Wells St Ste 101 WAILUKU, HI 96793 |
| Phone: | (808) 242-2997 |
| Fax: | (808) 242-4024 |
| Website: | https://www.mauiteachersfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,421 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1817 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,670,794 |
| CEO/Manager: | Kelly K Tobita |
| Chairperson: | Paul R Felix |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 764,387 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,373,612 |
| Unsecured Loans | 466,910 |
| Other Loans | 7,514,657 |
| TOTAL LOANS | 10,561,702 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,070 |
| Land And Building | 185,524 |
| Other Fixed Assets | 18,437 |
| NCUSIF Deposit | 311,420 |
| All Other Assets | 0 |
| TOTAL ASSETS | 32,670,794 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 35,275 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 25,265,083 |
| All Other Shares & Deposits | 3,290,780 |
| TOTAL SHARES & DEPOSITS | 28,555,864 |
| TOTAL LIABILITIES | 28,591,139 |
| Regular Reserve | 0 |
| Other Reserves | -1,678,097 |
| Undivided Earnings | 5,757,752 |
| TOTAL EQUITY | 4,079,655 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,670,794 |
| INCOME & EXPENSE | |
| Loan Income | 316,057 |
| Investment Income | 579,395 |
| Other Income | 1,976 |
| Total Employee Compensation & Benefits | 235,902 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 185,640 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 133,814 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 359,133 |
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