Hawaii State Federal Credit Union’s loans increased 10 percent last year as it increased its membership, added one new branch and renovated another.

But the state’s second-largest credit union and largest credit union lender saw its net income fall 12 percent to $6.6 million from $7.5 million in 2015.

Hawaii State FCU said Thursday that loan balances rose to $728.2 million from $663 million. Assets rose 5 percent to $1.48 billion from $1.41 billion.

“We celebrated several achievements in 2016, including unprecedented membership growth driven by the opening of our new Hawaii Kai branch and a transformative renovation at our Pearlridge branch,” said Andrew Rosen, president and CEO of Hawaii State FCU.

Membership rose to 94,695 members from 90,096 in 2015.

“These modern branch designs have elevated the member experience by merging high-tech features with personalized service,” Rosen said. “We’ve also added a number of private meeting rooms, where members can discuss their financial goals with an investment adviser or mortgage officer.”

Hawaii State FCU said that since reintroducing its first-time homebuyers program in 2013, it has boosted its mortgage portfolio more than 88 percent over the three-year period. It financed more than $236 million to Hawaii homeowners in 2016.

The credit union said that photovoltaic, auto, home-equity loans, and roof and renovation loans also boosted its loan balance.

Hawaii State FCU serves state, city and county employees as well as nonprofits and select businesses and their families across the state.