Dec, 31, 2023 — MOLOKAI COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in KAUNAKAKAI, HI with 2 branch locations and about $36.22 million in total assets. Opened 73 years ago in 1951, MOLOKAI COMMUNITY FEDERAL CREDIT UNION has about 4,284 members and employs 9 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 |
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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: | 4,284 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7471 |
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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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $36,222,479 |
CEO/Manager: | Carrie-Ann Farris |
Chairperson: | Brent Nakihei |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,448,125 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,085,672 |
Unsecured Loans | 4,558,884 |
Other Loans | 4,307,434 |
TOTAL LOANS | 17,951,990 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -507,764 |
Land And Building | 401,445 |
Other Fixed Assets | 72,320 |
NCUSIF Deposit | 313,164 |
All Other Assets | 0 |
TOTAL ASSETS | 36,222,479 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,491,241 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,865,951 |
Regular shares | 20,850,509 |
All Other Shares & Deposits | 3,990,561 |
TOTAL SHARES & DEPOSITS | 29,707,022 |
TOTAL LIABILITIES | 31,198,263 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,024,216 |
TOTAL EQUITY | 5,024,216 |
TOTAL LIABILITIES, SHARES, & EQUITY | 36,222,479 |
INCOME & EXPENSE | |
Loan Income | 1,174,079 |
Investment Income | 367,778 |
Other Income | 201,472 |
Total Employee Compensation & Benefits | 599,724 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 906,427 |
Non-operating Income & (Expense) | 749,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 192,506 |
Cost of Funds | 37,957 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 947,293 |
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