Jun, 30, 2023 — HAWAIIAN ELECTRIC EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HONOLULU, HI with 1 branch location and about $36.66 million in total assets. Opened 86 years ago in 1937, HAWAIIAN ELECTRIC EMPLOYEES FEDERAL CREDIT UNION has about 1,951 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 |
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Address: (Main Office) | 770 KAPIOLANI BLVD STE 514 HONOLULU, HI 96813 |
Phone: | (808) 543-7581 |
Fax: | (808) 543-7229 |
Website: | https://www.hecoefcu.org |
Branches: | 1 branch locations |
Members: | 1,951 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1869 |
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Membership Type: | Service - Communications and Utilities |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $36,660,492 |
CEO/Manager: | Pam Sumimoto |
Chairperson: | Kenneth H Pang |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,606,787 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,045,445 |
Unsecured Loans | 2,121,708 |
Other Loans | 2,745,867 |
TOTAL LOANS | 11,913,020 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,397 |
Land And Building | 0 |
Other Fixed Assets | 938 |
NCUSIF Deposit | 310,455 |
All Other Assets | 0 |
TOTAL ASSETS | 36,660,492 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 68,334 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,115,900 |
Regular shares | 23,865,922 |
All Other Shares & Deposits | 4,822,235 |
TOTAL SHARES & DEPOSITS | 30,804,057 |
TOTAL LIABILITIES | 30,872,391 |
Regular Reserve | 0 |
Other Reserves | 5,401,630 |
Undivided Earnings | 386,471 |
TOTAL EQUITY | 5,788,101 |
TOTAL LIABILITIES, SHARES, & EQUITY | 36,660,492 |
INCOME & EXPENSE | |
Loan Income | 353,031 |
Investment Income | 236,919 |
Other Income | 18,369 |
Total Employee Compensation & Benefits | 225,764 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 373,298 |
Non-operating Income & (Expense) | 44,165 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 76,759 |
Cost of Funds | 41,477 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -64,814 |
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