Jun, 30, 2024 — LANAI FEDERAL CREDIT UNION is a federal credit union headquartered in LANAI CITY, HI with 1 branch location and about $37.70 million in total assets. Opened 86 years ago in 1938, LANAI FEDERAL CREDIT UNION has about 1,867 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: | LANAI FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 816 Ilima Ave LANAI CITY, HI 96763 |
| Phone: | (808) 565-6522 |
| Fax: | |
| Website: | https://www.lanaifcu.org |
| Branches: | 1 branch locations |
| Members: | 1,867 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2953 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,703,914 |
| CEO/Manager: | Charity M Figuerres |
| Chairperson: | Cindylou Figuerres |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,089,848 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 687,029 |
| Other Loans | 1,598,621 |
| TOTAL LOANS | 2,285,650 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,315 |
| Land And Building | 0 |
| Other Fixed Assets | 4,951 |
| NCUSIF Deposit | 340,103 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,703,914 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 60,424 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,037 |
| Regular shares | 33,954,183 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 33,962,220 |
| TOTAL LIABILITIES | 34,022,644 |
| Regular Reserve | 0 |
| Other Reserves | 1,837,612 |
| Undivided Earnings | 1,843,658 |
| TOTAL EQUITY | 3,681,270 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,703,914 |
| INCOME & EXPENSE | |
| Loan Income | 96,325 |
| Investment Income | 471,496 |
| Other Income | 4,353 |
| Total Employee Compensation & Benefits | 194,817 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 180,291 |
| Non-operating Income & (Expense) | -1 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,266 |
| Cost of Funds | 127,273 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 79,076 |
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