Jun, 30, 2024 — KO`OLAU FEDERAL CREDIT UNION is a federal credit union headquartered in KAILUA, HI with 2 branch locations and about $90.44 million in total assets. Opened 72 years ago in 1953, KO`OLAU FEDERAL CREDIT UNION has about 6,609 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KO`OLAU FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6699 Mokapu Rd KAILUA, HI 96734 |
| Phone: | (808) 254-3566 |
| Fax: | (808) 254-2243 |
| Website: | https://www.koolaufcu.org |
| Branches: | 2 branch locations |
| Members: | 6,609 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8435 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $90,436,440 |
| CEO/Manager: | James Lee |
| Chairperson: | Valerie Gourley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,125,297 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 26,766,103 |
| Unsecured Loans | 4,370,268 |
| Other Loans | 6,493,935 |
| TOTAL LOANS | 37,630,306 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,935 |
| Land And Building | 0 |
| Other Fixed Assets | 1,167,064 |
| NCUSIF Deposit | 797,797 |
| All Other Assets | 21,751 |
| TOTAL ASSETS | 90,436,440 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 995,835 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,170,403 |
| Regular shares | 38,680,845 |
| All Other Shares & Deposits | 28,697,131 |
| TOTAL SHARES & DEPOSITS | 83,548,379 |
| TOTAL LIABILITIES | 84,544,214 |
| Regular Reserve | 0 |
| Other Reserves | -1,237,233 |
| Undivided Earnings | 7,129,459 |
| TOTAL EQUITY | 5,892,226 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 90,436,440 |
| INCOME & EXPENSE | |
| Loan Income | 1,228,784 |
| Investment Income | 376,118 |
| Other Income | 199,332 |
| Total Employee Compensation & Benefits | 783,777 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,298,306 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -10,525 |
| Cost of Funds | 76,145 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -57,864 |
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