Dec, 31, 2023 — BIG ISLAND FEDERAL CREDIT UNION is a federal credit union headquartered in HILO, HI with 3 branch locations and about $160.95 million in total assets. Opened 88 years ago in 1936, BIG ISLAND FEDERAL CREDIT UNION has about 9,929 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BIG ISLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 66 Lono St HILO, HI 96720-4144 |
| Phone: | (808) 935-9778 |
| Fax: | (808) 934-7572 |
| Website: | https://www.bigislandfcu.com |
| Branches: | 3 branch locations |
| Members: | 9,929 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1607 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $160,950,032 |
| CEO/Manager: | Nicole Aguinaldo |
| Chairperson: | Henry Kaaihue, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,545,960 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,907,233 |
| Unsecured Loans | 13,874,201 |
| Other Loans | 14,816,288 |
| TOTAL LOANS | 52,597,724 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -471,777 |
| Land And Building | 1,287,772 |
| Other Fixed Assets | 42,965 |
| NCUSIF Deposit | 1,389,109 |
| All Other Assets | 12,774 |
| TOTAL ASSETS | 160,950,032 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,609,696 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,917,828 |
| Regular shares | 74,030,624 |
| All Other Shares & Deposits | 45,738,083 |
| TOTAL SHARES & DEPOSITS | 143,686,537 |
| TOTAL LIABILITIES | 145,296,233 |
| Regular Reserve | 0 |
| Other Reserves | 1,155,010 |
| Undivided Earnings | 14,498,789 |
| TOTAL EQUITY | 15,653,799 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 160,950,032 |
| INCOME & EXPENSE | |
| Loan Income | 2,789,082 |
| Investment Income | 2,782,865 |
| Other Income | 590,746 |
| Total Employee Compensation & Benefits | 2,456,357 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,000,358 |
| Non-operating Income & (Expense) | -9 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 210,786 |
| Cost of Funds | 803,543 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,360,954 |
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