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Overview / Commentary
808-536-3677
681 S King St
Honolulu, HI 96813

Hawaii Central Credit Union is headquartered in Honolulu and is the 14st largest credit union in the state of Hawaii. It is also the 984th largest credit union in the nation. It was established in 1937 and as of December of 2013, it had grown to 36 employees and 14,417 members. Hawaii Central Credit Union's savings rates are 44% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

You are eligible to join if: * Your current employer participates in our Select Employer Group (SEG) program. To check if your employer is a participating SEG, please call us at 808-536-3677. * You are an immediate family member (spouse, sibling, parent, grandparent or grandchild - this includes step children, step sibling and adoptive relationships) of an existing, or primary potential member of Hawaii Central FCU. - See Details

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Health

Data for Q4 2013

Institution Health

A

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 Hawaii Central Credit Union had $216,000 in non-current loans and owned real-estate with $15.54 million in equity and loan loss allowances on hand to cover it. This gives Hawaii Central Credit Union a Texas Ratio of 1.39% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Hawaii Central Credit Union decreased dramatically from 3.42% as of December 31, 2012 to 1.39% as of December 31, 2013, resulting in a positive change of 59.36%.This indicates that the balance sheet and financial strength for Hawaii Central Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Hawaii Central Credit Union has increased its total deposits by $23.34 million, resulting in 16.52% 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 Hawaii Central Credit Union has shown is excellent.

Capitalization

GRADE:
C

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. Hawaii Central Credit Union has $180.83 million in assets with $15.54 million in equity, resulting in a capitalization level of 8.60%, which is average.

Institution Statistics

Overall
NCUA #24839
Year Chartered1937
Employees36
Primary Regulator
Assets and Liabilities
Assets$180.83 million
Loans$121.43 million
Deposits$164.62 million
Equity Capital$14.54 million
Loan Loss Allowance$1.00 million
Unbacked Noncurrent Loans$216,000
Real Estate Owned$0
Historic Data - December 2012
Assets$156.39 million
Equity Capital$13.97 million
Loan Loss Allowance$829,000
Unbacked Noncurrent Loans$216,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.3%
Return on Assets0.59%
Return on Equity7.29%
Interest Income$6.94 million
Rates
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Hawaii Central Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%--IRA Share Account
0.75%--Santa's Helper Christmas Savings
0.75%--Roth IRA Share Account
0.75%--CESA Share Account
0.35%$50k-Super Share Investment
0.20%$100-Regular Share Account

Hawaii Central Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$2,500-Super Draft Checking

Hawaii Central Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$10k-60 Months CD
0.65%$10k-18 Months CD
0.55%$10k-1 Year CD
0.30%$10k-6 Months CD
0.25%$10k-91 Days CD

Hawaii Central Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
3.00%$500-60 Months IRA (Traditional,Roth,CESA)
2.00%$500-18 Months IRA (Traditional,Roth,CESA)
1.75%$500-6 Months IRA (Traditional,Roth,CESA)
Locations


Hawaii Central Credit Union Locations
Branch Office681 S King StHonolulu, HI 96813-3016