Dec, 31, 2022 — 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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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