HONEA FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.honeafcuhi.com for more information.
Dec, 31, 2023 — HONEA FEDERAL CREDIT UNION is a federal credit union headquartered in Fort Shafter, HI with 1 branch location and about $20.71 million in total assets. Opened 72 years ago in 1952, HONEA FEDERAL CREDIT UNION has about 713 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: | HONEA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Fort Shafter Army Base, Building Fort Shafter, HI 96858 |
| Phone: | (808) 841-2473 |
| Fax: | (808) 848-5055 |
| Website: | https://www.honeafcuhi.com |
| Branches: | 1 branch locations |
| Members: | 713 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7594 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,709,476 |
| CEO/Manager: | Fred Dalit |
| Chairperson: | Edward Yoshimura |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,992,938 |
| TOTAL INVESTMENTS | 10,202,562 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 570,636 |
| Unsecured Loans | 6,284,664 |
| Other Loans | 119,578 |
| TOTAL LOANS | 6,974,878 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,679 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 178,474 |
| All Other Assets | 400,303 |
| TOTAL ASSETS | 20,709,476 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 385,350 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,114,634 |
| Regular shares | 8,619,560 |
| All Other Shares & Deposits | 8,844,220 |
| TOTAL SHARES & DEPOSITS | 18,578,414 |
| TOTAL LIABILITIES | 18,963,764 |
| Regular Reserve | 869,600 |
| Other Reserves | 0 |
| Undivided Earnings | 876,112 |
| TOTAL EQUITY | 1,745,712 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,709,476 |
| INCOME & EXPENSE | |
| Loan Income | 245,040 |
| Investment Income | 80,835 |
| Other Income | 3,395 |
| Total Employee Compensation & Benefits | 224,602 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 491,008 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,616 |
| Cost of Funds | 63,123 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -436,958 |
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