Dec, 31, 2023 — LANAI FEDERAL CREDIT UNION is a federal credit union headquartered in LANAI CITY, HI with 1 branch location and about $33.86 million in total assets. Opened 86 years ago in 1938, LANAI FEDERAL CREDIT UNION has about 1,853 members and employs 3 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 |
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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: | 1,853 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2953 |
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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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $33,855,036 |
CEO/Manager: | Charity M Figuerres |
Chairperson: | Cindylou Figuerres |
ASSETS: | $ Amount |
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Cash & Equivalents | 905,426 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,011,071 |
Other Loans | 2,491,980 |
TOTAL LOANS | 3,503,051 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,757 |
Land And Building | 0 |
Other Fixed Assets | 17,076 |
NCUSIF Deposit | 342,578 |
All Other Assets | 0 |
TOTAL ASSETS | 33,855,036 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 51,572 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,819 |
Regular shares | 29,960,818 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 29,969,637 |
TOTAL LIABILITIES | 30,021,209 |
Regular Reserve | 0 |
Other Reserves | 1,657,000 |
Undivided Earnings | 2,176,827 |
TOTAL EQUITY | 3,833,827 |
TOTAL LIABILITIES, SHARES, & EQUITY | 33,855,036 |
INCOME & EXPENSE | |
Loan Income | 188,553 |
Investment Income | 689,194 |
Other Income | 6,425 |
Total Employee Compensation & Benefits | 234,116 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 316,882 |
Non-operating Income & (Expense) | -10 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,711 |
Cost of Funds | 180,192 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 125,055 |
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