Sep, 30, 2025 — GARDEN ISLAND FEDERAL CREDIT UNION is a federal credit union headquartered in LIHUE, HI with 2 branch locations and about $121.13 million in total assets. Opened 88 years ago in 1938, GARDEN ISLAND FEDERAL CREDIT UNION has about 7,221 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GARDEN ISLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2973 Kele St LIHUE, HI 96766 |
| Phone: | (808) 245-2712 |
| Fax: | |
| Website: | https://www.gardenislandfcu.com |
| Branches: | 2 branch locations |
| Members: | 7,221 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24796 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $121,129,124 |
| CEO/Manager: | Shane Corregedore |
| Chairperson: | Melvin Ota |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,127,314 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 27,660,740 |
| Unsecured Loans | 9,228,682 |
| Other Loans | 24,676,142 |
| TOTAL LOANS | 61,565,564 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -555,914 |
| Land And Building | 960,576 |
| Other Fixed Assets | 500,331 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 961,023 |
| All Other Assets | 9,390 |
| TOTAL ASSETS | 121,129,124 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 331,988 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,900,042 |
| Regular shares | 55,542,120 |
| All Other Shares & Deposits | 34,154,482 |
| TOTAL SHARES & DEPOSITS | 104,596,645 |
| TOTAL LIABILITIES | 104,928,633 |
| Regular Reserve | 0 |
| Other Reserves | 2,253,674 |
| Undivided Earnings | 13,946,817 |
| TOTAL EQUITY | 16,200,491 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 121,129,124 |
| INCOME & EXPENSE | |
| Loan Income | 2,830,459 |
| Investment Income | 1,328,012 |
| Other Income | 150,093 |
| Total Employee Compensation & Benefits | 1,383,363 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,736,852 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 321,397 |
| Cost of Funds | 875,705 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 347,027 |
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