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The Credit Union has restated its 2009 and 2008 audited financial statements to record the effect of expenses not previously recorded. These amounts consist primarily of operational expenses and the associated accrued expenses for which the Credit Union had received services, but for which final invoices were not received until after the fiscal years ended June 30, 2009 and 2008. The amounts due have subsequently been approved for payment. These changes resulted in a decrease in the net loss and a decrease in the net income of approximately $390,000 and $372,000 for the years ended June 30, 2009 and 2008, respectively. The comprehensive loss amounts were likewise impacted. If you would like more information please contact the Credit Union at 930-7700.
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Financials
Hawaii Community Federal Credit Union's Financial Statements
The National Credit Union Administration (NCUA) is the independent federal agency that charters and supervises federal credit unions. NCUA is governed by a three-member board appointed by the president and confirmed by the U. S. Senate. Hawaii Community FCU is federally insured and is required to file a quarterly financial report to NCUA which is available for public review.ANNUAL REPORT ARCHIVES
2011 | 2010 | 2009 | 2008 (Addendum) | 2007 | 2006 | 2005 | 2004 | 2003 | 2002The Credit Union has restated its 2009 and 2008 audited financial statements to record the effect of expenses not previously recorded. These amounts consist primarily of operational expenses and the associated accrued expenses for which the Credit Union had received services, but for which final invoices were not received until after the fiscal years ended June 30, 2009 and 2008. The amounts due have subsequently been approved for payment. These changes resulted in a decrease in the net loss and a decrease in the net income of approximately $390,000 and $372,000 for the years ended June 30, 2009 and 2008, respectively. The comprehensive loss amounts were likewise impacted. If you would like more information please contact the Credit Union at 930-7700.
