Jun, 30, 2024 — HAWAII CENTRAL FEDERAL CREDIT UNION is a federal credit union headquartered in HONOLULU, HI with 3 branch locations and about $307.60 million in total assets. Opened 87 years ago in 1937, HAWAII CENTRAL FEDERAL CREDIT UNION has about 17,288 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HAWAII CENTRAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 681 S King St HONOLULU, HI 96813-3016 |
| Phone: | (808) 536-3677 |
| Fax: | (808) 536-8360 |
| Website: | https://www.hawaiicentral.org |
| Branches: | 3 branch locations |
| Members: | 17,288 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24839 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $307,598,021 |
| CEO/Manager: | Drake H Tanabe |
| Chairperson: | Neil Shimogawa |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,015,614 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 88,454,042 |
| Unsecured Loans | 27,013,674 |
| Other Loans | 15,027,738 |
| TOTAL LOANS | 130,495,454 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -795,910 |
| Land And Building | 3,929,454 |
| Other Fixed Assets | 727,377 |
| NCUSIF Deposit | 2,868,536 |
| All Other Assets | 4,138 |
| TOTAL ASSETS | 307,598,021 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 17,849 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 1,184,184 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 37,054,553 |
| Regular shares | 165,032,064 |
| All Other Shares & Deposits | 87,614,369 |
| TOTAL SHARES & DEPOSITS | 289,700,986 |
| TOTAL LIABILITIES | 295,903,019 |
| Regular Reserve | 0 |
| Other Reserves | -16,617,476 |
| Undivided Earnings | 28,312,478 |
| TOTAL EQUITY | 11,695,002 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 307,598,021 |
| INCOME & EXPENSE | |
| Loan Income | 3,794,322 |
| Investment Income | 1,777,538 |
| Other Income | 786,081 |
| Total Employee Compensation & Benefits | 2,811,919 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,489,627 |
| Non-operating Income & (Expense) | 250,196 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 271,584 |
| Cost of Funds | 535,801 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 976,531 |
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