Dec, 31, 2023 — HAWAII LAW ENFORCEMENT FEDERAL CREDIT UNION is a federal credit union headquartered in HONOLULU, HI with 4 branch locations and about $209.05 million in total assets. Opened 87 years ago in 1937, HAWAII LAW ENFORCEMENT FEDERAL CREDIT UNION has about 14,597 members and employs 39 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 LAW ENFORCEMENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1936 S King St HONOLULU, HI 96826 |
| Phone: | (808) 973-4311 |
| Fax: | (808) 949-0556 |
| Website: | https://www.hlefcu.com |
| Branches: | 4 branch locations |
| Members: | 14,597 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1870 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $209,047,174 |
| CEO/Manager: | Rene E Matsuura |
| Chairperson: | Russell A Ikeda |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,540,805 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 88,556,962 |
| Unsecured Loans | 12,437,302 |
| Other Loans | 17,539,382 |
| TOTAL LOANS | 118,533,646 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -908,078 |
| Land And Building | 15,127,695 |
| Other Fixed Assets | 704,636 |
| NCUSIF Deposit | 1,755,469 |
| All Other Assets | 0 |
| TOTAL ASSETS | 209,047,174 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,116,281 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,142,835 |
| Regular shares | 103,981,084 |
| All Other Shares & Deposits | 51,673,014 |
| TOTAL SHARES & DEPOSITS | 184,796,933 |
| TOTAL LIABILITIES | 186,916,689 |
| Regular Reserve | 0 |
| Other Reserves | 16,217,337 |
| Undivided Earnings | 5,913,148 |
| TOTAL EQUITY | 22,130,485 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 209,047,174 |
| INCOME & EXPENSE | |
| Loan Income | 5,366,503 |
| Investment Income | 1,658,776 |
| Other Income | 328,782 |
| Total Employee Compensation & Benefits | 3,008,844 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,160,698 |
| Non-operating Income & (Expense) | -50,312 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 56,151 |
| Cost of Funds | 952,442 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,000,705 |
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