Dec, 31, 2023 — HAWAII FEDERAL CREDIT UNION is a federal credit union headquartered in HONOLULU, HI with 1 branch location and about $103.91 million in total assets. Opened 87 years ago in 1937, HAWAII FEDERAL CREDIT UNION has about 11,885 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HAWAII FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1244 Kaumualii St HONOLULU, HI 96817 |
| Phone: | (808) 847-1371 |
| Fax: | (808) 842-1923 |
| Website: | https://www.hawaiifcu.org |
| Branches: | 1 branch locations |
| Members: | 11,885 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2403 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $103,912,597 |
| CEO/Manager: | Blane Asao |
| Chairperson: | Roy Osada |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,387,009 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,295,525 |
| Unsecured Loans | 27,120,717 |
| Other Loans | 23,646,388 |
| TOTAL LOANS | 68,062,630 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -862,015 |
| Land And Building | 0 |
| Other Fixed Assets | 68,062 |
| NCUSIF Deposit | 822,120 |
| All Other Assets | 0 |
| TOTAL ASSETS | 103,912,597 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,474,872 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,541,584 |
| Regular shares | 36,507,772 |
| All Other Shares & Deposits | 39,504,975 |
| TOTAL SHARES & DEPOSITS | 87,554,331 |
| TOTAL LIABILITIES | 91,029,203 |
| Regular Reserve | 0 |
| Other Reserves | 179,962 |
| Undivided Earnings | 12,703,432 |
| TOTAL EQUITY | 12,883,394 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 103,912,597 |
| INCOME & EXPENSE | |
| Loan Income | 3,870,870 |
| Investment Income | 511,999 |
| Other Income | 1,107,595 |
| Total Employee Compensation & Benefits | 2,422,198 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,770,784 |
| Non-operating Income & (Expense) | 778,217 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 702,800 |
| Cost of Funds | 759,989 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -217,169 |
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