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Overview / Commentary
P.O. Box 579
Honolulu, HI 96809

Glover Credit Union is headquartered in Honolulu and is the 68th largest credit union in the state of Hawaii. It is also the 5,371st largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 281 members. Glover Credit Union has a C+ health rating.

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Data for Q1 2014

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. Glover Credit Union has a very low asset base.

Texas Ratio


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 Glover Credit Union had $0 in non-current loans and owned real-estate with $598,000 in equity and loan loss allowances on hand to cover it. This gives Glover Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, Glover Credit Union has decreased its total deposits by $-254,000, resulting in -6.03% 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 Glover Credit Union has shown is below 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. Glover Credit Union has $4.56 million in assets with $598,000 in equity, resulting in a capitalization level of 13.13%, which is excellent.

Institution Statistics

NCUA #12613
Year Chartered1958
Primary Regulator
Assets and Liabilities
Assets$4.56 million
Deposits$3.96 million
Equity Capital$592,000
Loan Loss Allowance$6,000
Real Estate Owned$0
Historic Data - March 2013
Assets$4.79 million
Equity Capital$576,000
Loan Loss Allowance$6,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.79%
Return on Equity6.08%
Interest Income$15,000

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Glover Credit Union Locations
Branch Office1100 Ward Ave Ste 810Honolulu, HI 96814
Branch Office248 Sand Island Access RdHonolulu, HI 96819