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Hamakua Coast Community Credit Union

Hamakua Coast Community Credit Union
Overview / Commentary
808-964-5566
28-490 Kaakepa Street
Pepeekeo, HI 96783

Hamakua Coast Community Credit Union is headquartered in Pepeekeo and is the 58th largest credit union in the state of Hawaii. It is also the 3,862nd largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 5 employees and 2,082 members. Hamakua Coast Community Credit Union has a B health rating.

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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. Hamakua Coast Community Credit Union has a 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 Hamakua Coast Community Credit Union had $115,000 in non-current loans and owned real-estate with $2.66 million in equity and loan loss allowances on hand to cover it. This gives Hamakua Coast Community Credit Union a Texas Ratio of 4.33% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Hamakua Coast Community Credit Union experienced no significant changes from 3.83% as of March 31, 2013 to 4.33% as of March 31, 2014, resulting in a negative change of 12.97%. This indicates that the balance sheet and financial strength for Hamakua Coast Community Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Hamakua Coast Community Credit Union has decreased its total deposits by $-137,000, resulting in -1.02% 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 Hamakua Coast Community Credit Union has shown is 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. Hamakua Coast Community Credit Union has $15.93 million in assets with $2.66 million in equity, resulting in a capitalization level of 16.68%, which is excellent.

Institution Statistics

Overall
NCUA #2280
Year Chartered1937
Employees5
Primary Regulator
Assets and Liabilities
Assets$15.93 million
Loans$5.77 million
Deposits$13.32 million
Equity Capital$2.57 million
Loan Loss Allowance$88,000
Unbacked Noncurrent Loans$115,000
Real Estate Owned$0
Historic Data - March 2013
Assets$16.05 million
Equity Capital$2.55 million
Loan Loss Allowance$63,000
Unbacked Noncurrent Loans$115,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.6%
Return on Assets0.33%
Return on Equity2.02%
Interest Income$135,000
Rates

Sorry, we do not have rate data for Hamakua Coast Community Credit Union

Locations


Hamakua Coast Community Credit Union Locations
Branch Office28-490 Kaakepa StreetPepeekeo, HI 96783