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Overview / Commentary
808-935-9778
66 Lono St
Hilo, HI 96720-4144

Big Island Credit Union is headquartered in Hilo and is the 23rd largest credit union in the state of Hawaii. It is also the 1,750th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 33 employees and 8,767 members. Big Island Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work, volunteer or attend school on the Big Island. - See Details

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Health

Data for Q1 2014

Institution Health

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

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Big Island Credit Union had $627,000 in non-current loans and owned real-estate with $7.4 million in equity and loan loss allowances on hand to cover it. This gives Big Island Credit Union a Texas Ratio of 8.47% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Big Island Credit Union decreased slightly from 11.08% as of March 31, 2013 to 8.47% as of March 31, 2014, resulting in a positive change of 23.54%.This indicates that the balance sheet and financial strength for Big Island Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Big Island Credit Union has decreased its total deposits by $-153,000, resulting in -0.21% 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 Big Island Credit Union has shown is 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. Big Island Credit Union has $80.73 million in assets with $7.4 million in equity, resulting in a capitalization level of 9.16%, which is average.

Institution Statistics

Overall
NCUA #1607
Year Chartered1936
Employees33
Primary Regulator
Assets and Liabilities
Assets$80.73 million
Loans$42.50 million
Deposits$73.39 million
Equity Capital$6.96 million
Loan Loss Allowance$438,000
Unbacked Noncurrent Loans$525,000
Real Estate Owned$102,000
Historic Data - March 2013
Assets$80.47 million
Equity Capital$6.52 million
Loan Loss Allowance$790,000
Unbacked Noncurrent Loans$525,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.42%
Return on Assets0.54%
Return on Equity6.21%
Interest Income$690,000
Rates
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Big Island Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$50-Regular Share Account
0.15%$50-Special Share Account
0.15%--Club Share Account
0.15%--Christmas Share Account
0.15%--IRA Passbook Account
0.15%--Youth Share Account

Big Island Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$2,500-Money Market Fund Account

Big Island Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.25%$500-1 Year Share Certificate
0.15%$500-6 Month Share Certificate

Big Island Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.45%$500-2 Year IRA Share Certificate
0.25%$500-1 Year IRA Share Certificate
Locations


Big Island Credit Union Locations
Branch Office66 Lono StHilo, HI 96720-4144
Branch Office16-594 Kipimana StKeaau, HI 96749-8021
Branch Office16-594 Kipimana StKeaau, HI 96749-8021
Branch Office66 Lono StHilo, HI 96720-4144
Branch Office75-5737 Kuakini HwyKailua Kona, HI 96740-1710
Branch Office16-594 Kipimana StKeaau, HI 96749-8021
Branch Office75-5737 Kuakini HwyKailua Kona, HI 96740-1710
Branch Office66 Lono StHilo, HI 96720-4144
Branch Office16-594 Kipimana StKeaau, HI 96749-8021
Branch Office16-594 Kipimana StKeaau, HI 96749-8021