Dec, 31, 2023 — HONOLULU FEDERAL CREDIT UNION is a federal credit union headquartered in HONOLULU, HI with 5 branch locations and about $384.73 million in total assets. Opened 88 years ago in 1936, HONOLULU FEDERAL CREDIT UNION has about 18,376 members and employs 58 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HONOLULU FEDERAL CREDIT UNION |
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Address: (Main Office) | 2305 S Beretania St HONOLULU, HI 96826 |
Phone: | (808) 777-5646 |
Fax: | |
Website: | https://www.myhocu.com |
Branches: | 5 branch locations |
Members: | 18,376 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1830 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $384,734,919 |
CEO/Manager: | Mark Munemitsu |
Chairperson: | Christopher Jay |
ASSETS: | $ Amount |
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Cash & Equivalents | 28,066,805 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 152,925,575 |
Unsecured Loans | 27,207,070 |
Other Loans | 95,787,827 |
TOTAL LOANS | 275,920,472 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,250,422 |
Land And Building | 9,606,363 |
Other Fixed Assets | 1,252,741 |
NCUSIF Deposit | 3,142,821 |
All Other Assets | 281,383 |
TOTAL ASSETS | 384,734,919 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,700,000 |
Accounts Payable & Other Liabilities | 2,228,790 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 42,107,344 |
Regular shares | 41,480,965 |
All Other Shares & Deposits | 258,641,910 |
TOTAL SHARES & DEPOSITS | 342,230,219 |
TOTAL LIABILITIES | 346,159,009 |
Regular Reserve | 0 |
Other Reserves | -2,935,162 |
Undivided Earnings | 41,511,072 |
TOTAL EQUITY | 38,575,910 |
TOTAL LIABILITIES, SHARES, & EQUITY | 384,734,919 |
INCOME & EXPENSE | |
Loan Income | 12,051,425 |
Investment Income | 3,286,684 |
Other Income | 660,467 |
Total Employee Compensation & Benefits | 4,280,710 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,593,104 |
Non-operating Income & (Expense) | -35 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,480,287 |
Cost of Funds | 3,450,317 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,000,658 |
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