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Overview / Commentary
808-841-6836
550 Paiea Street #126
Honolulu, HI 96817

Aloha Credit Union is headquartered in HONOLULU and is the 47th largest credit union in the state of Hawaii. It is also the 3,078th largest credit union in the nation. It was established in 1952 and as of December of 2013, it had grown to 6 employees and 3,428 members. Aloha Credit Union has a C health rating.

Field of Membership Restrictions

Must be an employee, retiree, or organization of employees of any company in Hawaii's air transportation industry. Family members of any eligible individual also qualify for membership. - See Details

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Health

Data for Q4 2013

Institution Health

C
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Aloha Credit Union has a low asset base.

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Aloha Credit Union had $267,000 in non-current loans and owned real-estate with $2.35 million in equity and loan loss allowances on hand to cover it. This gives Aloha Credit Union a Texas Ratio of 11.36% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Aloha Credit Union experienced no significant changes from 8.65% as of December 31, 2012 to 11.36% as of December 31, 2013, resulting in a negative change of 31.35%. This indicates that the balance sheet and financial strength for Aloha Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Aloha Credit Union has decreased its total deposits by $-962,000, resulting in -3.75% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Aloha Credit Union has shown is below average.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Aloha Credit Union has $27.03 million in assets with $2.35 million in equity, resulting in a capitalization level of 8.69%, which is average.

Institution Statistics

Overall
NCUA #7597
Year Chartered1952
Employees6
Primary Regulator
Assets and Liabilities
Assets$27.03 million
Loans$10.95 million
Deposits$24.70 million
Equity Capital$2.15 million
Loan Loss Allowance$196,000
Unbacked Noncurrent Loans$267,000
Real Estate Owned$0
Historic Data - December 2012
Assets$28.36 million
Equity Capital$2.52 million
Loan Loss Allowance$222,000
Unbacked Noncurrent Loans$267,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.4%
Return on Assets-1.32%
Return on Equity-16.57%
Interest Income$769,000
Rates
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Aloha Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.26%$500-Christmas Savings
0.10%--Member Share

Aloha Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%-$2kRegular Share Draft
Locations


Aloha Credit Union Locations
Branch Office1245 Kuala St Ste 102APearl City, HI 96782
Branch Office550 Paiea St Ste 126Honolulu, HI 96819