Dec, 31, 2023 — HELCO FEDERAL CREDIT UNION is a federal credit union headquartered in HILO, HI with 1 branch location and about $42.65 million in total assets. Opened 86 years ago in 1938, HELCO FEDERAL CREDIT UNION has about 1,409 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: | 1,409 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,647,689 |
| CEO/Manager: | Barbara L Shozuya |
| Chairperson: | Michele L Pabingwit |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,023,323 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,133,186 |
| Unsecured Loans | 8,547,711 |
| Other Loans | 3,321,885 |
| TOTAL LOANS | 20,346,637 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,021 |
| Land And Building | 0 |
| Other Fixed Assets | 20,545 |
| NCUSIF Deposit | 333,479 |
| All Other Assets | 0 |
| TOTAL ASSETS | 42,647,689 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 421,207 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,910,192 |
| Regular shares | 6,178,526 |
| All Other Shares & Deposits | 22,388,087 |
| TOTAL SHARES & DEPOSITS | 33,476,805 |
| TOTAL LIABILITIES | 33,898,012 |
| Regular Reserve | 0 |
| Other Reserves | 459,131 |
| Undivided Earnings | 8,290,546 |
| TOTAL EQUITY | 8,749,677 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,647,689 |
| INCOME & EXPENSE | |
| Loan Income | 739,161 |
| Investment Income | 463,216 |
| Other Income | 59,241 |
| Total Employee Compensation & Benefits | 355,812 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 493,882 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -11,746 |
| Cost of Funds | 253,410 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 190,541 |
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