Dec, 31, 2022 — CU HAWAII FEDERAL CREDIT UNION is a federal credit union headquartered in HILO, HI with 8 branch locations and about $417.07 million in total assets. Opened 68 years ago in 1955, CU HAWAII FEDERAL CREDIT UNION has about 28,977 members and employs 86 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CU HAWAII FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 476 Hinano St HILO, HI 96720 |
| Phone: | (808) 933-6700 |
| Fax: | (808) 935-7793 |
| Website: | https://www.cuhawaii.com |
| Branches: | 8 branch locations |
| Members: | 28,977 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24630 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $417,070,693 |
| CEO/Manager: | James Takamine |
| Chairperson: | Eric Tanouye |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,046,451 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 86,402,249 |
| Unsecured Loans | 15,014,269 |
| Other Loans | 55,668,322 |
| TOTAL LOANS | 157,084,840 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -552,170 |
| Land And Building | 6,730,061 |
| Other Fixed Assets | 329,283 |
| NCUSIF Deposit | 3,433,132 |
| All Other Assets | 0 |
| TOTAL ASSETS | 417,070,693 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,771,498 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 102,692,205 |
| Regular shares | 222,966,769 |
| All Other Shares & Deposits | 45,953,420 |
| TOTAL SHARES & DEPOSITS | 371,612,394 |
| TOTAL LIABILITIES | 375,383,892 |
| Regular Reserve | 0 |
| Other Reserves | 5,117,315 |
| Undivided Earnings | 36,569,486 |
| TOTAL EQUITY | 41,686,801 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 417,070,693 |
| INCOME & EXPENSE | |
| Loan Income | 4,632,758 |
| Investment Income | 2,782,459 |
| Other Income | 1,074,278 |
| Total Employee Compensation & Benefits | 4,276,262 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,505,803 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -34,022 |
| Cost of Funds | 232,339 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,595,472 |
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