Dec, 31, 2023 — GATHER FEDERAL CREDIT UNION is a federal credit union headquartered in LIHUE, HI with 6 branch locations and about $749.18 million in total assets. Opened 70 years ago in 1954, GATHER FEDERAL CREDIT UNION has about 37,883 members and employs 82 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GATHER FEDERAL CREDIT UNION |
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Address: (Main Office) | 4493 Pahee St LIHUE, HI 96766 |
Phone: | (808) 245-6791 |
Fax: | (808) 246-0246 |
Website: | https://www.gatherfcu.org |
Branches: | 6 branch locations |
Members: | 37,883 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9381 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $749,176,349 |
CEO/Manager: | Tess Shimabukuro |
Chairperson: | Walton Hong |
ASSETS: | $ Amount |
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Cash & Equivalents | 38,255,671 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 245,238,110 |
Unsecured Loans | 67,137,207 |
Other Loans | 100,190,371 |
TOTAL LOANS | 412,565,688 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,754,866 |
Land And Building | 17,499,390 |
Other Fixed Assets | 1,540,963 |
NCUSIF Deposit | 6,656,514 |
All Other Assets | 192,224 |
TOTAL ASSETS | 749,176,349 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 792,603 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,881,279 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 128,561,953 |
Regular shares | 255,148,016 |
All Other Shares & Deposits | 299,089,545 |
TOTAL SHARES & DEPOSITS | 682,799,514 |
TOTAL LIABILITIES | 687,486,597 |
Regular Reserve | 0 |
Other Reserves | -28,092,233 |
Undivided Earnings | 89,781,985 |
TOTAL EQUITY | 61,689,752 |
TOTAL LIABILITIES, SHARES, & EQUITY | 749,176,349 |
INCOME & EXPENSE | |
Loan Income | 22,428,950 |
Investment Income | 6,848,193 |
Other Income | 1,541,740 |
Total Employee Compensation & Benefits | 7,119,157 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,445,580 |
Non-operating Income & (Expense) | 1,718,242 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,354,660 |
Cost of Funds | 4,782,434 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,111,528 |
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» See also Statement of Financial Condition