Dec, 31, 2022 — HFS FEDERAL CREDIT UNION is a federal credit union headquartered in HILO, HI with 6 branch locations and about $849.89 million in total assets. Opened 86 years ago in 1937, HFS FEDERAL CREDIT UNION has about 50,475 members and employs 122 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HFS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 632 KINOOLE ST HILO, HI 96720-3828 |
| Phone: | (808) 930-1400 |
| Fax: | (808) 935-2091 |
| Website: | https://secure.hfsfcu.org |
| Branches: | 6 branch locations |
| Members: | 50,475 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1829 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $849,893,477 |
| CEO/Manager: | NATHAN N ABE |
| Chairperson: | GERALD TAKASE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 186,241,042 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 166,800,897 |
| Unsecured Loans | 67,502,525 |
| Other Loans | 61,319,895 |
| TOTAL LOANS | 295,623,317 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,370,491 |
| Land And Building | 15,407,744 |
| Other Fixed Assets | 1,121,515 |
| NCUSIF Deposit | 7,395,899 |
| All Other Assets | 65,279 |
| TOTAL ASSETS | 849,893,477 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,313,399 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 141,172,429 |
| Regular shares | 338,900,275 |
| All Other Shares & Deposits | 293,557,951 |
| TOTAL SHARES & DEPOSITS | 773,630,655 |
| TOTAL LIABILITIES | 777,944,054 |
| Regular Reserve | 0 |
| Other Reserves | 71,764,023 |
| Undivided Earnings | 185,400 |
| TOTAL EQUITY | 71,949,423 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 849,893,477 |
| INCOME & EXPENSE | |
| Loan Income | 8,597,977 |
| Investment Income | 5,638,670 |
| Other Income | 2,279,667 |
| Total Employee Compensation & Benefits | 7,138,414 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,927,808 |
| Non-operating Income & (Expense) | -457,506 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 907,885 |
| Cost of Funds | 1,438,270 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,632,095 |
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