Nonprofit · EIN 99-0039971
HAWAII CREDIT UNION LEAGUE
Tax-exempt · HONOLULU, HI 96826
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,182,149 | $1,408,506 | -$226,357 | $3,798,827 | $339,560 | $3,459,267 |
| June 30, 2024 | 990 | $1,301,054 | $1,340,658 | -$39,604 | $3,844,776 | $194,242 | $3,650,534 |
| June 30, 2023 | 990 | $1,296,560 | $1,307,568 | -$11,008 | $3,808,557 | $159,457 | $3,649,100 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $38
- Program service revenue
- $1,277,081
- Investment income
- $45,644
- Net rental income
- $33,087
- Other revenue
- -$140,614
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $66,277
- Other salaries and wages
- $527,369
- Salaries, compensation and benefits (total)
- $751,724
- Professional fundraising fees
- $0
- Legal fees
- $5,306
- Travel
- $24,926
- Depreciation
- $21,259
Balance sheet and other
- Total assets, start of year
- $3,844,776
- Total assets, end of year
- $3,798,827
- Total liabilities, end of year
- $339,560
- Net assets, end of year
- $3,459,267
- Land, buildings and equipment
- $306,095
- Net assets without donor restrictions
- $3,340,543
- Net assets with donor restrictions
- $118,724
- Gross receipts
- $1,182,149
- Employees
- 10
- Volunteers
- 35
- Year formed
- 1956
- State of legal domicile
- HI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIMOTHY ASHCRAFT | PRESIDENT Officer | 20 | $66,277 | $66,278 | $4,526 |
| NORMAN OKIMOTO | CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 | $0 |
| TESS SHIMABUKURO | VICE CHAIR Trustee or director, Officer | 10 | $0 | $0 | $0 |
| SCOTT KAULUKUKUI | SECRETARY Trustee or director, Officer | 10 | $0 | $0 | $0 |
| ALAN ARAI | TREASURER Trustee or director, Officer | 10 | $0 | $0 | $0 |
| NICOLE AGUINALDO | DIRECTOR Trustee or director | 10 | $0 | $0 | $0 |
| GUY MURAOKA | DIRECTOR Trustee or director | 10 | $0 | $0 | $0 |
| AARON SUGIMOTO | DIRECTOR Trustee or director | 10 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CAROL MARX | FORMER PRESIDENT Officer | 20 | $52,357 | $52,357 | $13,490 |
| TIMOTHY ASHCRAFT | PRESIDENT Officer | 20 | $7,404 | $7,404 | $0 |
| NORMAN OKIMOTO | CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 | $0 |
| TESS SHIMABUKURO | VICE CHAIR Trustee or director, Officer | 10 | $0 | $0 | $0 |
| SCOTT KAULUKUKUI | SECRETARY Trustee or director, Officer | 10 | $0 | $0 | $0 |
| ALAN ARAI | TREASURER Trustee or director, Officer | 10 | $0 | $0 | $0 |
| NICOLE AGUINALDO | DIRECTOR Trustee or director | 10 | $0 | $0 | $0 |
| GUY MURAOKA | DIRECTOR Trustee or director | 10 | $0 | $0 | $0 |
| AARON SUGIMOTO | DIRECTOR Trustee or director | 10 | $0 | $0 | $0 |
| KARL YONESHIGE | INTERIM PRESIDENT Officer | 20 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CAROL MARX | PRESIDENT Officer | 20 | $53,597 | $53,597 | $11,782 |
| NORMAN OKIMOTO | CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 | $0 |
| TESS SHIMABUKURO | VICE CHAIR Trustee or director, Officer | 10 | $0 | $0 | $0 |
| SCOTT KAULUKUKUI | SECRETARY Trustee or director, Officer | 10 | $0 | $0 | $0 |
| ALAN ARAI | TREASURER Trustee or director, Officer | 10 | $0 | $0 | $0 |
| NICOLE AGUINALDO | DIRECTOR Trustee or director | 10 | $0 | $0 | $0 |
| TIMOTHY ASHCRAFT | DIRECTOR Trustee or director | 10 | $0 | $0 | $0 |
| GUY MURAOKA | DIRECTOR Trustee or director | 10 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1654 S KING ST, HONOLULU, HI 96826-2040
- Principal officer (990 for 2024)
- TIMOTHY ASHCRAFT, 1654 SOUTH KING STREET, HONOLULU, HI 96826
- Signed the 990
- TIMOTHY ASHCRAFT, PRESIDENT & CEO
- Phone
- (808) 941-0556
- Website
- WWW.HCUL.ORG
- Return prepared by
- TURNER WARREN HWANG & CONRAD ACCTCY
Mission
THE HAWAII CREDIT UNION LEAGUE (HCUL) IS THE TRADE ASSOCIATION THAT SERVES THE INTEREST OF CREDIT UNIONS DOMICILED IN HAWAII AND GUAM. THESE CREDIT UNIONS SERVE THE FINANCIAL NEEDS OF RESIDENTS OF THESE LOCALITIES. PERPETUATING THE CREDIT UNION PHILOSOPHY OF "PEOPLE HELPING PEOPLE" IS OUR MISSION. PROMOTING COLLABORATION WITH OUR MEMBERS TO ADDRESS THEIR NEEDS IS OUR PURPOSE. PROVIDING LEADERSHIP IN ADVOCACY, EDUCATION AND INFORMATION IS OUR SHARED COMMITTMENT.
Program accomplishments
- EDUCATION AND TRAINING: TRAIN AND UPDATE CREDIT UNION PERSONNEL ANDVOLUNTEERS ON CREDIT UNION SERVICES AND OTHER RELATED MATTERS; DISCUSSTHE PROGRESS AND PROBLEMS OF CREDIT UNIONS AND RELATED PURPOSES. SERVESTHE INTERESTS OF CREDIT UNIONS DOMICILED IN HAWAII AND GUAM.
- GOVERNMENT RELATIONS: ASSIST CREDIT UNIONS WITH REGULATORY MATTERS ANDLOBBY FOR OR AGAINST BILLS AFFECTING CREDIT UNIONS ON FEDERAL, STATE,AND COUNTY LEVELS; PROMOTE THE CREDIT UNION MOVEMENT AND THE WAY THEYASSIST MEMBERS, INCLUDING THOSE OF MODEST MEANS, THROUGH PUBLICAWARENESS OF CREDIT UNIONS AND THE SERVICES OFFERED BY THEM. SERVES THEINTERESTS OF CREDIT UNIONS DOMICILED IN HAWAII AND GUAM.
- MEMBER SERVICES: HELP CREDIT UNIONS HELP THEIR MEMBERS BY PROVIDINGINFORMATION OF IMPORTANCE. SERVES THE INTERESTS OF CREDIT UNIONSDOMICILED IN HAWAII AND GUAM.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 99-0039971
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,798,827
- Income (IRS master file)
- $1,182,149
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,182,149 | $1,408,506 | $3,798,827 | XML |
| 990 | June 2024 | $1,301,054 | $1,340,658 | $3,844,776 | XML |
| 990 | June 2023 | $1,296,560 | $1,307,568 | $3,808,557 | XML |
| 990 | June 2022 | $1,206,705 | $1,174,842 | $3,807,665 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-0039971).
Questions about HAWAII CREDIT UNION LEAGUE
- What is the EIN of HAWAII CREDIT UNION LEAGUE?
- The employer identification number (EIN) of HAWAII CREDIT UNION LEAGUE is 99-0039971.
- Is HAWAII CREDIT UNION LEAGUE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1945.
- Are donations to HAWAII CREDIT UNION LEAGUE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HAWAII CREDIT UNION LEAGUE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HAWAII CREDIT UNION LEAGUE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HAWAII CREDIT UNION LEAGUE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HAWAII CREDIT UNION LEAGUE?
- The 990 for the year ended June 30, 2025 names TIMOTHY ASHCRAFT.
- Who are the officers and directors of HAWAII CREDIT UNION LEAGUE?
- The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $66,277 (TIMOTHY ASHCRAFT, PRESIDENT).
- How much revenue does HAWAII CREDIT UNION LEAGUE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,182,149, expenses of $1,408,506 and total assets of $3,798,827 at year end.
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