Jun, 30, 2024 — HELCO FEDERAL CREDIT UNION is a federal credit union headquartered in HILO, HI with 1 branch location and about $45.59 million in total assets. Opened 87 years ago in 1938, HELCO FEDERAL CREDIT UNION has about 1,448 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HELCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1437 Kilauea Ave Ste 105 HILO, HI 96720 |
| Phone: | (808) 238-3500 |
| Fax: | (808) 238-3220 |
| Website: | https://www.helcofcu.org |
| Branches: | 1 branch locations |
| Members: | 1,448 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2705 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $45,592,436 |
| CEO/Manager: | Barbara L Shozuya |
| Chairperson: | Michele L Pabingwit |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,228,063 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,176,070 |
| Unsecured Loans | 5,032,006 |
| Other Loans | 3,027,223 |
| TOTAL LOANS | 17,620,750 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -93,165 |
| Land And Building | 0 |
| Other Fixed Assets | 25,912 |
| NCUSIF Deposit | 351,570 |
| All Other Assets | 0 |
| TOTAL ASSETS | 45,592,436 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 366,085 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,524,300 |
| Regular shares | 7,304,539 |
| All Other Shares & Deposits | 24,914,886 |
| TOTAL SHARES & DEPOSITS | 36,743,725 |
| TOTAL LIABILITIES | 37,109,810 |
| Regular Reserve | 0 |
| Other Reserves | 459,131 |
| Undivided Earnings | 8,023,495 |
| TOTAL EQUITY | 8,482,626 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,592,436 |
| INCOME & EXPENSE | |
| Loan Income | 513,957 |
| Investment Income | 260,121 |
| Other Income | 23,049 |
| Total Employee Compensation & Benefits | 261,114 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 331,954 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,000 |
| Cost of Funds | 70,382 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 176,998 |
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