Dec, 31, 2022 — GATHER FEDERAL CREDIT UNION is a federal credit union headquartered in LIHUE, HI with 6 branch locations and about $738.84 million in total assets. Opened 69 years ago in 1954, GATHER FEDERAL CREDIT UNION has about 37,210 members and employs 85 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 |
|---|---|
| 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: | 37,210 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9381 |
|---|---|
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $738,844,171 |
| CEO/Manager: | Tess Shimabukuro |
| Chairperson: | Walton Hong |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,444,096 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 210,165,489 |
| Unsecured Loans | 55,985,759 |
| Other Loans | 74,211,749 |
| TOTAL LOANS | 340,362,997 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,977,027 |
| Land And Building | 18,169,042 |
| Other Fixed Assets | 1,584,252 |
| NCUSIF Deposit | 6,507,091 |
| All Other Assets | 96,817 |
| TOTAL ASSETS | 738,844,171 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 237,972 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,334,759 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 138,587,809 |
| Regular shares | 295,608,482 |
| All Other Shares & Deposits | 255,312,637 |
| TOTAL SHARES & DEPOSITS | 689,508,928 |
| TOTAL LIABILITIES | 694,081,659 |
| Regular Reserve | 0 |
| Other Reserves | -33,458,002 |
| Undivided Earnings | 78,220,514 |
| TOTAL EQUITY | 44,762,512 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 738,844,171 |
| INCOME & EXPENSE | |
| Loan Income | 12,701,258 |
| Investment Income | 4,313,116 |
| Other Income | 1,504,326 |
| Total Employee Compensation & Benefits | 4,792,466 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,542,468 |
| Non-operating Income & (Expense) | -98,302 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,486,561 |
| Cost of Funds | 1,441,570 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,540,289 |
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