Dec, 31, 2023 — CU HAWAII FEDERAL CREDIT UNION is a federal credit union headquartered in HILO, HI with 8 branch locations and about $395.52 million in total assets. Opened 69 years ago in 1955, CU HAWAII FEDERAL CREDIT UNION has about 28,929 members and employs 105 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 |
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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: | 28,929 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24630 |
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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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $395,517,882 |
CEO/Manager: | James Takamine |
Chairperson: | Eric Tanouye |
ASSETS: | $ Amount |
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Cash & Equivalents | 15,264,926 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 112,030,630 |
Unsecured Loans | 16,358,856 |
Other Loans | 45,892,856 |
TOTAL LOANS | 174,282,342 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -952,956 |
Land And Building | 6,500,853 |
Other Fixed Assets | 303,207 |
NCUSIF Deposit | 3,305,788 |
All Other Assets | 11,955 |
TOTAL ASSETS | 395,517,882 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,827,888 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 95,841,280 |
Regular shares | 196,129,182 |
All Other Shares & Deposits | 54,653,081 |
TOTAL SHARES & DEPOSITS | 346,623,545 |
TOTAL LIABILITIES | 351,451,433 |
Regular Reserve | 0 |
Other Reserves | 5,117,315 |
Undivided Earnings | 38,949,134 |
TOTAL EQUITY | 44,066,449 |
TOTAL LIABILITIES, SHARES, & EQUITY | 395,517,882 |
INCOME & EXPENSE | |
Loan Income | 7,660,405 |
Investment Income | 5,374,304 |
Other Income | 1,454,662 |
Total Employee Compensation & Benefits | 7,104,751 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,691,508 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 609,665 |
Cost of Funds | 928,726 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,259,287 |
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