Hawaii Credit Union League

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 990039971 ✦ Honolulu, HI ✦ Designated as a 501(c)(6)

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Overview

What is Hawaii Credit Union League?

The Hawaii Credit Union League (HCUL) is a nonprofit organization based in Honolulu, Hawaii. Acting as a trade association, its primary mission is to support and advocate for credit unions domiciled in Hawaii and Guam, serving the financial needs of residents in these localities. By promoting collaboration among its members, HCUL aims to address their needs and uphold the credit union philosophy of "people helping people." The organization provides education and training to credit union personnel and volunteers, discussing the progress and challenges of credit unions, ultimately serving the interests of its members. With a committed workforce of six individuals, HCUL plays a significant role in the financial sector of Hawaii and Guam.


Official website here: www.hcul.org

Is Hawaii Credit Union League legitimate?

Hawaii Credit Union League is a legitimate nonprofit organization registered as a 501(c)(6) entity. Hawaii Credit Union League submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $88,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $405,954

For more financial information, click here


Official website here: www.hcul.org

What is the mission statement of Hawaii Credit Union League?

The Hawaii Credit Union League serves as the trade association for credit unions based in Hawaii and Guam. Their mission, rooted in the credit union philosophy of "people helping people," is to cater to the financial needs of local residents. They promote collaboration among their members to address their requirements. Providing leadership in advocacy, education, and information is a shared commitment of the league. Perpetuating this mission and purpose is a testament to their dedication towards serving their members effectively.


Official website here: www.hcul.org

Who is the CEO of Hawaii Credit Union League?

Carol Marx is the Chairman of Hawaii Credit Union League.


Official website here: www.hcul.org

What is the revenue of Hawaii Credit Union League?

Hawaii Credit Union League's revenue in 2022 was $1,206,705.


Official website here: www.hcul.org

Who are the executives of Hawaii Credit Union League and what are their salaries?

The average compensation at Hawaii Credit Union League during 2022 was $82,367. There are 6 employees and 27 volunteers at Hawaii Credit Union League.


Here are 8 key members and their salaries:


Norman Okimoto (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tess Shimabukuro (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Kaulukukui (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Arai (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Aguinaldo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Ashcraft (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Guy Muraoka (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Tanimoto (President)
  • Compensation: $88,250
  • Related: $88,250
  • Other: $28,500


Official website here: www.hcul.org

Where can I find the form 990 for Hawaii Credit Union League?

Hawaii Credit Union League's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hcul.org

Learn more at the official website: www.hcul.org

Mission Statement of Hawaii Credit Union League

The Hawaii Credit Union League, serving as the trade association for credit unions domiciled in Hawaii and Guam, is committed to upholding the credit union philosophy of "People Helping People." Its primary mission is to foster collaboration among its members, addressing their financial needs as a shared purpose. The League also plays a significant role in providing leadership in advocacy, education, and information, thereby promoting the growth and success of credit unions in these regions. By perpetuating the core belief of people helping people, the Hawaii Credit Union League strives to support the financial well-being of local residents, ensuring that credit unions remain a vital and responsible force in the community.

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Impact




October, 2024

The Hawaii Credit Union League (HCUL) plays a vital role in supporting the credit unions in Hawaii and Guam, significantly impacting the financial well-being of local residents. By advocating for the credit union philosophy of "people helping people," HCUL fosters a strong sense of community and collaboration among its member institutions.

Through comprehensive education and training programs, HCUL equips credit union personnel and volunteers with the knowledge needed to enhance their services. This ongoing education empowers credit unions to better address the evolving needs of their members, thereby improving financial literacy and access to essential financial services for the community.

In its leadership role, HCUL actively engages in advocacy efforts, ensuring that the interests of credit unions and their members are represented in legislative discussions. This advocacy helps shape policies that benefit not just the credit unions themselves but also the broader community they serve.

The League's commitment to collaboration enhances the overall effectiveness of credit unions, spurring innovation and responsiveness to local financial challenges. This collaborative environment supports the goal of improving community welfare by addressing the financial needs of residents effectively and sustainably.




This information is meant to be a general summary of Hawaii Credit Union League. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,206,705 (2022)
Expenses
$1,174,842 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,165
  • Program Service Revenue: $1,141,629
  • Gross Receipts: $1,206,705

Assets and Liabilities:

  • Total Assets: $3,807,665
  • Total Liabilities: $181,510
  • Net Assets: $3,626,155

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$790,886

ANNUAL MEETING

Revenue

$247,081

EDUCATION/PROGRAMS/EVE

Revenue

$103,662

Organization Details

Founding Year

1956

Principal Officer

Carol Marx

Main Address

1654 SOUTH KING STREET, HONOLULU, HI, 96826

NTEE Category

Code: S41 - Community improvement

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