HAWAII CREDIT UNION LEAGUE

EIN: 990039971

HONOLULU, HI

Total Revenue
$1,182,149
Total Expenses
$1,408,506
Total Assets
$3,798,827
Net Assets
$3,459,267
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
HI
Principal Officer
TIMOTHY ASHCRAFT
Phone
8089410556
Tax Period
2024-07-01 to 2025-06-30

HAWAII CREDIT UNION LEAGUE, founded in 1956, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE HAWAII CREDIT UNION LEAGUE (HCUL) IS THE TRADE ASSOCIATION THATSERVES THE INTEREST OF CREDIT UNIONS DOMICILED IN HAWAII AND GUAM.THESE CREDIT UNIONS SERVE THE FINANCIAL NEEDS OF RESIDENTS OF THESELOCALITIES. PERPETUATING THE CREDIT UNION PHILOSOPHY OF "PEOPLE HELPINGPEOPLE" IS OUR MISSION. PROMOTING COLLABORATION WITH OUR MEMBERS TOADDRESS THEIR NEEDS IS OUR PURPOSE. PROVIDING LEADERSHIP IN ADVOCACY,EDUCATION, AND INFORMATION IS OUR SHARED COMMITMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $38
Program Service Revenue $1,277,081
Investment Income $45,644
Other Revenue $-140,614
TOTAL REVENUE $1,182,149

Expense Breakdown

Grants Paid $0
Salaries & Benefits $751,724
Fundraising Expenses $0
Other Expenses $656,782
TOTAL EXPENSES $1,408,506

Year-over-Year Comparison

2024 2023 Change
Revenue $1,182,149 $1,301,054 -0.1%
Expenses $1,408,506 $1,340,658 +0.1%
Net Income $-226,357 $-39,604 +4.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
10
Volunteers
35

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$137,081
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORMAN OKIMOTO CHAIRMAN 10.00
Officer Director
$0 $0 $0
TESS SHIMABUKURO VICE CHAIR 10.00
Officer Director
$0 $0 $0
SCOTT KAULUKUKUI SECRETARY 10.00
Officer Director
$0 $0 $0
ALAN ARAI TREASURER 10.00
Officer Director
$0 $0 $0
NICOLE AGUINALDO DIRECTOR 10.00
Director
$0 $0 $0
GUY MURAOKA DIRECTOR 10.00
Director
$0 $0 $0
AARON SUGIMOTO DIRECTOR 10.00
Director
$0 $0 $0
TIMOTHY ASHCRAFT PRESIDENT 20.00
Officer
$66,277 $4,526 $137,081
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,182,149 $1,408,506 $3,798,827 $-226,357
2024 $1,301,054 $1,340,658 $3,844,776 $-39,604
2023 $1,296,560 $1,307,568 $3,808,557 $-11,008
2022 $1,206,705 $1,174,842 $3,807,665 $31,863
2021 $1,196,867 $991,010 $3,813,919 $205,857
2020 $1,018,415 $1,097,654 $3,602,581 $-79,239
2019 $1,280,013 $1,320,337 $3,595,963 $-40,324
2018 $1,188,820 $1,196,960 $4,074,619 $-8,140
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