Dec, 31, 2023 — MAUI FEDERAL CREDIT UNION is a federal credit union headquartered in KAHULUI, HI with 3 branch locations and about $131.77 million in total assets. Opened 86 years ago in 1938, MAUI FEDERAL CREDIT UNION has about 7,158 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAUI FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 107 E Wakea Ave KAHULUI, HI 96732 |
| Phone: | (808) 873-5050 |
| Fax: | (808) 873-6211 |
| Website: | https://www.mauifcu.com |
| Branches: | 3 branch locations |
| Members: | 7,158 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2562 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $131,770,945 |
| CEO/Manager: | Clayton Fuchigami |
| Chairperson: | Wesley Nohara |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,060,185 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,181,598 |
| Unsecured Loans | 6,485,371 |
| Other Loans | 16,571,556 |
| TOTAL LOANS | 39,238,523 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,303,725 |
| Land And Building | 2,807,150 |
| Other Fixed Assets | 62,696 |
| NCUSIF Deposit | 1,103,880 |
| All Other Assets | 0 |
| TOTAL ASSETS | 131,770,945 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 681,503 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,007,691 |
| Regular shares | 65,388,715 |
| All Other Shares & Deposits | 36,909,084 |
| TOTAL SHARES & DEPOSITS | 112,305,490 |
| TOTAL LIABILITIES | 112,987,002 |
| Regular Reserve | 0 |
| Other Reserves | 4,475,494 |
| Undivided Earnings | 14,308,449 |
| TOTAL EQUITY | 18,783,943 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 131,770,945 |
| INCOME & EXPENSE | |
| Loan Income | 1,978,029 |
| Investment Income | 1,537,594 |
| Other Income | 477,664 |
| Total Employee Compensation & Benefits | 1,468,100 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,651,962 |
| Non-operating Income & (Expense) | 1,191 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -299,750 |
| Cost of Funds | 878,930 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 609,964 |
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