Jun, 30, 2024 — MOLOKAI COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in KAUNAKAKAI, HI with 2 branch locations and about $37.25 million in total assets. Opened 74 years ago in 1951, MOLOKAI COMMUNITY FEDERAL CREDIT UNION has about 4,250 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOLOKAI COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 135 Puali Place KAUNAKAKAI, HI 96748 |
| Phone: | (808) 553-5328 |
| Fax: | (808) 553-3830 |
| Website: | https://www.molokaicommunityfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,250 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7471 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,252,866 |
| CEO/Manager: | Carrie-Ann Farris |
| Chairperson: | Brent Nakihei |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,301,619 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,661,928 |
| Unsecured Loans | 5,653,706 |
| Other Loans | 5,122,723 |
| TOTAL LOANS | 20,438,357 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -153,618 |
| Land And Building | 449,250 |
| Other Fixed Assets | 153,070 |
| NCUSIF Deposit | 313,812 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,252,866 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 149,375 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,849,992 |
| Regular shares | 22,411,191 |
| All Other Shares & Deposits | 5,529,883 |
| TOTAL SHARES & DEPOSITS | 32,791,066 |
| TOTAL LIABILITIES | 32,940,441 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,312,425 |
| TOTAL EQUITY | 4,312,425 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,252,866 |
| INCOME & EXPENSE | |
| Loan Income | 687,178 |
| Investment Income | 177,320 |
| Other Income | 130,282 |
| Total Employee Compensation & Benefits | 452,870 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 577,299 |
| Non-operating Income & (Expense) | 639,703 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 64,235 |
| Cost of Funds | 28,257 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 666,773 |
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