Sep, 30, 2021 — HAWAIIAN ELECTRIC EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Honolulu, HI with 1 branch location and about $37.54 million in total assets. Opened 85 years ago in 1937, HAWAIIAN ELECTRIC EMPLOYEES FEDERAL CREDIT UNION has about 2,040 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, Suite 514 Honolulu, HI 96813-5258 |
| Phone: | (808) 543-7581 |
| Fax: | (808) 543-7229 |
| Website: | http://www.hecoefcu.org |
| Branches: | 1 branch locations |
| Members: | 2,040 |
| 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: | $37,537,539 |
| CEO/Manager: | Pam Sumimoto |
| Chairperson: | Kenneth H Pang |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,573,907 |
| TOTAL INVESTMENTS | 24,304,284 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,891,360 |
| Unsecured Loans | 2,305,516 |
| Other Loans | 3,261,709 |
| TOTAL LOANS | 10,458,585 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,417 |
| Land And Building | 0 |
| Other Fixed Assets | 2,214 |
| NCUSIF Deposit | 299,613 |
| All Other Assets | 84,353 |
| TOTAL ASSETS | 37,537,539 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 60,191 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,193,061 |
| Regular shares | 24,108,669 |
| All Other Shares & Deposits | 5,393,863 |
| TOTAL SHARES & DEPOSITS | 31,695,593 |
| TOTAL LIABILITIES | 31,755,784 |
| Regular Reserve | 434,445 |
| Other Reserves | 4,967,185 |
| Undivided Earnings | 380,125 |
| TOTAL EQUITY | 5,781,755 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,537,539 |
| INCOME & EXPENSE | |
| Loan Income | 354,280 |
| Investment Income | 259,651 |
| Other Income | 16,662 |
| Total Employee Compensation & Benefits | 235,280 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 355,586 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 61,930 |
| Cost of Funds | 45,571 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -23,529 |
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