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Dole Wahiawa Credit Union

Dole Wahiawa Credit Union
Overview / Commentary
1116 Whitmore Ave
Wahiawa, HI 96786

Dole Wahiawa Credit Union is headquartered in Wahiawa and is the 74th largest credit union in the state of Hawaii. It is also the 6,095th largest credit union in the nation. It was established in 1938 and as of March of 2014, it had grown to 2 employees and 726 members. Dole Wahiawa Credit Union has a C- health rating.

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Health

Data for Q1 2014

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. Dole Wahiawa Credit Union has a very low asset base.

Texas Ratio

GRADE:
C

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 Dole Wahiawa Credit Union had $69,000 in non-current loans and owned real-estate with $228,000 in equity and loan loss allowances on hand to cover it. This gives Dole Wahiawa Credit Union a Texas Ratio of 30.26% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Dole Wahiawa Credit Union decreased dramatically from 81.47% as of March 31, 2013 to 30.26% as of March 31, 2014, resulting in a positive change of 62.85%.This indicates that the balance sheet and financial strength for Dole Wahiawa Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
F

In the past year, Dole Wahiawa Credit Union has decreased its total deposits by -$1.32 million, resulting in -52.38% 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 Dole Wahiawa Credit Union has shown is poor.

Capitalization

GRADE:
A+

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. Dole Wahiawa Credit Union has $1.36 million in assets with $228,000 in equity, resulting in a capitalization level of 16.75%, which is excellent.

Institution Statistics

Overall
NCUA #2614
Year Chartered1938
Employees2
Primary Regulator
Assets and Liabilities
Assets$1.36 million
Loans$1.15 million
Deposits$1.20 million
Equity Capital$138,000
Loan Loss Allowance$90,000
Unbacked Noncurrent Loans$69,000
Real Estate Owned$0
Historic Data - March 2013
Assets$2.75 million
Equity Capital$216,000
Loan Loss Allowance$43,000
Unbacked Noncurrent Loans$69,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets-11.17%
Return on Equity-110.14%
Interest Income$31,000
Rates

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Locations


Dole Wahiawa Credit Union Locations
Branch Office1116 Whitmore AveWahiawa, HI 96786-1301