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Overview / Commentary
2973 Kele St
Lihue, HI 96766

Garden Island Credit Union is headquartered in Lihue and is the 18st largest credit union in the state of Hawaii. It is also the 1,612st largest credit union in the nation. It was established in 1938 and as of December of 2013, it had grown to 14 employees and 8,181 members. Garden Island Credit Union's savings rates are 92% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school on Kauai. - See Details

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Data for Q4 2013

Institution Health

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

Texas Ratio


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 Garden Island Credit Union had $505,000 in non-current loans and owned real-estate with $12.99 million in equity and loan loss allowances on hand to cover it. This gives Garden Island Credit Union a Texas Ratio of 3.89% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Garden Island Credit Union experienced no significant changes from 2.20% as of December 31, 2012 to 3.89% as of December 31, 2013, resulting in a negative change of 76.37%. This indicates that the balance sheet and financial strength for Garden Island Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Garden Island Credit Union has increased its total deposits by $856,000, resulting in 1.15% 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 Garden Island Credit Union has shown is above average.



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. Garden Island Credit Union has $87.75 million in assets with $12.99 million in equity, resulting in a capitalization level of 14.80%, which is excellent.

Institution Statistics

NCUA #24796
Year Chartered1938
Primary Regulator
Assets and Liabilities
Assets$87.75 million
Loans$20.41 million
Deposits$75.00 million
Equity Capital$12.67 million
Loan Loss Allowance$324,000
Unbacked Noncurrent Loans$505,000
Real Estate Owned$0
Historic Data - December 2012
Assets$87.66 million
Equity Capital$13.40 million
Loan Loss Allowance$479,000
Unbacked Noncurrent Loans$505,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.58%
Return on Assets-0.07%
Return on Equity-0.47%
Interest Income$2.01 million
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Garden Island Credit Union Savings Account Rates

1.00%$25-Individual Retirement Account
0.50%$40k-Primary Regular Share
0.50%$40k-Special Share Account
0.25%--Christmas Savings
0.20%--Vacation Account

Garden Island Credit Union Checking Account Rates

0.15%--Share Draft Checking

Garden Island Credit Union Locations
Branch Office22 Inverness center Pkwy Ste 400Birmingham, AL 35242-4879
Branch Office2973 Kele StLihue, HI 96766