Dec, 31, 2022 — GARDEN ISLAND FEDERAL CREDIT UNION is a federal credit union headquartered in LIHUE, HI with 1 branch location and about $129.11 million in total assets. Opened 85 years ago in 1938, GARDEN ISLAND FEDERAL CREDIT UNION has about 7,115 members and employs 15 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: | 1 branch locations |
| Members: | 7,115 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $129,107,880 |
| CEO/Manager: | Shane Corregedore |
| Chairperson: | Owen D Ota |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,182,710 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,231,757 |
| Unsecured Loans | 10,236,694 |
| Other Loans | 15,848,426 |
| TOTAL LOANS | 48,316,877 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -607,483 |
| Land And Building | 329,445 |
| Other Fixed Assets | 82,463 |
| NCUSIF Deposit | 1,029,953 |
| All Other Assets | 20,036 |
| TOTAL ASSETS | 129,107,880 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 263,412 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,337,830 |
| Regular shares | 65,419,530 |
| All Other Shares & Deposits | 34,419,654 |
| TOTAL SHARES & DEPOSITS | 115,177,014 |
| TOTAL LIABILITIES | 115,440,426 |
| Regular Reserve | 0 |
| Other Reserves | 1,417,146 |
| Undivided Earnings | 12,250,308 |
| TOTAL EQUITY | 13,667,454 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 129,107,880 |
| INCOME & EXPENSE | |
| Loan Income | 2,001,123 |
| Investment Income | 804,639 |
| Other Income | 118,853 |
| Total Employee Compensation & Benefits | 849,923 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,176,095 |
| Non-operating Income & (Expense) | -3 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 332,738 |
| Cost of Funds | 378,977 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -342,759 |
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