Dec, 31, 2021 — HAWAIIAN ELECTRIC EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HONOLULU, HI with 1 branch location and about $37.19 million in total assets. Opened 85 years ago in 1937, HAWAIIAN ELECTRIC EMPLOYEES FEDERAL CREDIT UNION has about 1,884 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HAWAIIAN ELECTRIC EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 770 KAPIOLANI BLVD STE 514 HONOLULU, HI 96813 |
| Phone: | (808) 543-7581 |
| Fax: | (808) 543-7229 |
| Website: | http://www.hecoefcu.org |
| Branches: | 1 branch locations |
| Members: | 1,884 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1869 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,192,069 |
| CEO/Manager: | Pam Sumimoto |
| Chairperson: | Kenneth H Pang |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,633,467 |
| TOTAL INVESTMENTS | 24,327,284 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,642,006 |
| Unsecured Loans | 2,199,470 |
| Other Loans | 3,141,406 |
| TOTAL LOANS | 9,982,882 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -126,754 |
| Land And Building | 0 |
| Other Fixed Assets | 1,677 |
| NCUSIF Deposit | 299,613 |
| All Other Assets | 73,900 |
| TOTAL ASSETS | 37,192,069 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -6,594 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,204,899 |
| Regular shares | 23,617,864 |
| All Other Shares & Deposits | 5,522,987 |
| TOTAL SHARES & DEPOSITS | 31,345,750 |
| TOTAL LIABILITIES | 31,339,156 |
| Regular Reserve | 434,445 |
| Other Reserves | 4,967,184 |
| Undivided Earnings | 451,284 |
| TOTAL EQUITY | 5,852,913 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,192,069 |
| INCOME & EXPENSE | |
| Loan Income | 469,423 |
| Investment Income | 338,266 |
| Other Income | 22,146 |
| Total Employee Compensation & Benefits | 310,210 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 441,801 |
| Non-operating Income & (Expense) | -2 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,316 |
| Cost of Funds | 60,681 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 47,629 |
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