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

Glover Credit Union is headquartered in Honolulu and is the 69th largest credit union in the state of Hawaii. It is also the 5,391st largest credit union in the nation. It was established in 1958 and as of December of 2013, it had grown to 279 members. Glover Credit Union has a C+ health rating.

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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. Glover Credit Union has a very low asset base.

Texas Ratio

GRADE:
A+

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 Glover Credit Union had $0 in non-current loans and owned real-estate with $590,000 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

GRADE:
D

In the past year, Glover Credit Union has decreased its total deposits by $-262,000, resulting in -6.29% 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.

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. Glover Credit Union has $4.49 million in assets with $590,000 in equity, resulting in a capitalization level of 13.14%, which is excellent.

Institution Statistics

Overall
NCUA #12613
Year Chartered1958
Employees0
Primary Regulator
Assets and Liabilities
Assets$4.49 million
Loans$154,000
Deposits$3.90 million
Equity Capital$582,000
Loan Loss Allowance$8,000
Real Estate Owned$0
Historic Data - December 2012
Assets$4.74 million
Equity Capital$573,000
Loan Loss Allowance$10,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.13%
Return on Assets0.2%
Return on Equity1.55%
Interest Income$71,000
Rates

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Locations


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