Jun, 30, 2024 — HAMAKUA FEDERAL CREDIT UNION is a federal credit union headquartered in PEPEEKEO, HI with 1 branch location and about $20.32 million in total assets. Opened 88 years ago in 1937, HAMAKUA FEDERAL CREDIT UNION has about 1,660 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HAMAKUA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 28-490 Kaakepa Street PEPEEKEO, HI 96783 |
| Phone: | (808) 964-5566 |
| Fax: | (808) 964-5634 |
| Website: | https://www.hamakuafcu.org |
| Branches: | 1 branch locations |
| Members: | 1,660 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2280 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,319,250 |
| CEO/Manager: | Kelly Gibo |
| Chairperson: | Renee Schoen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,408,318 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,218,468 |
| Unsecured Loans | 2,718,525 |
| Other Loans | 4,574,734 |
| TOTAL LOANS | 9,511,727 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,219 |
| Land And Building | 62,129 |
| Other Fixed Assets | 5,552 |
| NCUSIF Deposit | 158,239 |
| All Other Assets | 0 |
| TOTAL ASSETS | 20,319,250 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 38,332 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,981,195 |
| Regular shares | 13,292,926 |
| All Other Shares & Deposits | 1,421,156 |
| TOTAL SHARES & DEPOSITS | 17,695,277 |
| TOTAL LIABILITIES | 17,733,609 |
| Regular Reserve | 0 |
| Other Reserves | 773,318 |
| Undivided Earnings | 1,812,323 |
| TOTAL EQUITY | 2,585,641 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,319,250 |
| INCOME & EXPENSE | |
| Loan Income | 317,748 |
| Investment Income | 62,077 |
| Other Income | 30,748 |
| Total Employee Compensation & Benefits | 233,261 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 205,741 |
| Non-operating Income & (Expense) | 147 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,131 |
| Cost of Funds | 15,426 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -48,405 |
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