Dec, 31, 2023 — GATHER FEDERAL CREDIT UNION is a federal credit union headquartered in LIHUE, HI with 6 branch locations and about $749.18 million in total assets. Opened 70 years ago in 1954, GATHER FEDERAL CREDIT UNION has about 37,883 members and employs 82 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: | 37,883 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $749,176,349 |
| CEO/Manager: | Tess Shimabukuro |
| Chairperson: | Walton Hong |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 38,255,671 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 245,238,110 |
| Unsecured Loans | 67,137,207 |
| Other Loans | 100,190,371 |
| TOTAL LOANS | 412,565,688 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,754,866 |
| Land And Building | 17,499,390 |
| Other Fixed Assets | 1,540,963 |
| NCUSIF Deposit | 6,656,514 |
| All Other Assets | 192,224 |
| TOTAL ASSETS | 749,176,349 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 792,603 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,881,279 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 128,561,953 |
| Regular shares | 255,148,016 |
| All Other Shares & Deposits | 299,089,545 |
| TOTAL SHARES & DEPOSITS | 682,799,514 |
| TOTAL LIABILITIES | 687,486,597 |
| Regular Reserve | 0 |
| Other Reserves | -28,092,233 |
| Undivided Earnings | 89,781,985 |
| TOTAL EQUITY | 61,689,752 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 749,176,349 |
| INCOME & EXPENSE | |
| Loan Income | 22,428,950 |
| Investment Income | 6,848,193 |
| Other Income | 1,541,740 |
| Total Employee Compensation & Benefits | 7,119,157 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,445,580 |
| Non-operating Income & (Expense) | 1,718,242 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,354,660 |
| Cost of Funds | 4,782,434 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,111,528 |
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