Dec, 31, 2022 — HAWAII FEDERAL CREDIT UNION is a federal credit union headquartered in HONOLULU, HI with 1 branch location and about $109.64 million in total assets. Opened 86 years ago in 1937, HAWAII FEDERAL CREDIT UNION has about 11,941 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HAWAII FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1244 Kaumualii St HONOLULU, HI 96817 |
| Phone: | (808) 847-1371 |
| Fax: | (808) 842-1923 |
| Website: | https://www.hawaiifcu.org |
| Branches: | 1 branch locations |
| Members: | 11,941 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2403 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $109,637,689 |
| CEO/Manager: | Steve Goo |
| Chairperson: | Roy Osada |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,164,925 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,538,696 |
| Unsecured Loans | 22,726,021 |
| Other Loans | 18,350,196 |
| TOTAL LOANS | 53,614,913 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -714,500 |
| Land And Building | 102,703 |
| Other Fixed Assets | 50,178 |
| NCUSIF Deposit | 828,106 |
| All Other Assets | 0 |
| TOTAL ASSETS | 109,637,689 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,220,818 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,367,579 |
| Regular shares | 42,086,984 |
| All Other Shares & Deposits | 40,222,608 |
| TOTAL SHARES & DEPOSITS | 94,677,171 |
| TOTAL LIABILITIES | 96,897,989 |
| Regular Reserve | 0 |
| Other Reserves | 179,972 |
| Undivided Earnings | 12,559,728 |
| TOTAL EQUITY | 12,739,700 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 109,637,689 |
| INCOME & EXPENSE | |
| Loan Income | 2,241,719 |
| Investment Income | 334,471 |
| Other Income | 805,376 |
| Total Employee Compensation & Benefits | 1,652,658 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,872,101 |
| Non-operating Income & (Expense) | 1,663,649 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 287,000 |
| Cost of Funds | 116,319 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,083,073 |
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