Dec, 31, 2020 — CU HAWAII FEDERAL CREDIT UNION is a federal credit union headquartered in Hilo, HI with 8 branch locations and about $353.49 million in total assets. Opened 66 years ago in 1955, CU HAWAII FEDERAL CREDIT UNION has about 27,974 members and employs 85 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: | http://www.cuhawaii.com |
| Branches: | 8 branch locations |
| Members: | 27,974 |
| 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: | Mar 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $353,485,859 |
| CEO/Manager: | James Takamine |
| Chairperson: | Eric Tanouye |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 54,104,643 |
| TOTAL INVESTMENTS | 138,041,711 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 83,672,958 |
| Unsecured Loans | 19,429,342 |
| Other Loans | 47,102,475 |
| TOTAL LOANS | 150,204,775 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -972,522 |
| Land And Building | 7,168,583 |
| Other Fixed Assets | 505,453 |
| NCUSIF Deposit | 2,731,702 |
| All Other Assets | 1,701,514 |
| TOTAL ASSETS | 353,485,859 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,628,344 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 89,336,222 |
| Regular shares | 180,947,238 |
| All Other Shares & Deposits | 42,825,845 |
| TOTAL SHARES & DEPOSITS | 313,109,305 |
| TOTAL LIABILITIES | 316,737,649 |
| Regular Reserve | 6,795,220 |
| Other Reserves | 5,117,315 |
| Undivided Earnings | 24,835,675 |
| TOTAL EQUITY | 36,748,210 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 353,485,859 |
| INCOME & EXPENSE | |
| Loan Income | 6,352,847 |
| Investment Income | 2,263,722 |
| Other Income | 2,702,081 |
| Total Employee Compensation & Benefits | 5,784,631 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,316,602 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 580,622 |
| Cost of Funds | 568,496 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 68,299 |
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