Dec, 31, 2023 — GARDEN ISLAND FEDERAL CREDIT UNION is a federal credit union headquartered in LIHUE, HI with 1 branch location and about $118.55 million in total assets. Opened 86 years ago in 1938, GARDEN ISLAND FEDERAL CREDIT UNION has about 7,160 members and employs 20 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: | 7,160 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $118,550,030 |
| CEO/Manager: | Shane Corregedore |
| Chairperson: | Owen D Ota |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,229,514 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 20,813,200 |
| Unsecured Loans | 9,599,588 |
| Other Loans | 24,973,913 |
| TOTAL LOANS | 55,386,701 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -541,717 |
| Land And Building | 1,028,266 |
| Other Fixed Assets | 292,928 |
| NCUSIF Deposit | 1,034,075 |
| All Other Assets | 11,000 |
| TOTAL ASSETS | 118,550,030 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 258,235 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,945,019 |
| Regular shares | 52,439,286 |
| All Other Shares & Deposits | 36,975,910 |
| TOTAL SHARES & DEPOSITS | 103,360,214 |
| TOTAL LIABILITIES | 103,618,449 |
| Regular Reserve | 0 |
| Other Reserves | 1,707,418 |
| Undivided Earnings | 13,224,163 |
| TOTAL EQUITY | 14,931,581 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 118,550,030 |
| INCOME & EXPENSE | |
| Loan Income | 3,405,632 |
| Investment Income | 1,280,695 |
| Other Income | 170,402 |
| Total Employee Compensation & Benefits | 1,437,719 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,819,024 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 406,268 |
| Cost of Funds | 953,899 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 504,005 |
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