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Overview / Commentary
808-847-1371
P.O. Box 30207
Honolulu, HI 96820

Hawaii Credit Union is headquartered in Honolulu and is the 25th largest credit union in the state of Hawaii. It is also the 1,945th largest credit union in the nation. It was established in 1937 and as of December of 2013, it had grown to 26 employees and 12,288 members. Hawaii Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school on the Island of Oahu. - See Details

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Health

Data for Q4 2013

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. Hawaii Credit Union has a relatively 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 Hawaii Credit Union had $442,000 in non-current loans and owned real-estate with $7.74 million in equity and loan loss allowances on hand to cover it. This gives Hawaii Credit Union a Texas Ratio of 5.71% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Hawaii Credit Union decreased slightly from 7.74% as of December 31, 2012 to 5.71% as of December 31, 2013, resulting in a positive change of 26.28%.This indicates that the balance sheet and financial strength for Hawaii Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Hawaii Credit Union has increased its total deposits by $2.22 million, resulting in 3.92% 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 Credit Union has shown is excellent.

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. Hawaii Credit Union has $66.08 million in assets with $7.74 million in equity, resulting in a capitalization level of 11.72%, which is excellent.

Institution Statistics

Overall
NCUA #2403
Year Chartered1937
Employees26
Primary Regulator
Assets and Liabilities
Assets$66.08 million
Loans$46.78 million
Deposits$59.04 million
Equity Capital$6.51 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$442,000
Real Estate Owned$0
Historic Data - December 2012
Assets$63.48 million
Equity Capital$6.04 million
Loan Loss Allowance$1.18 million
Unbacked Noncurrent Loans$442,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.67%
Return on Assets0.7%
Return on Equity7.1%
Interest Income$3.47 million
Rates

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Hawaii Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$100-Regular Savings Account
0.15%$100-IRA Savings Account
0.15%$100-Escrow Savings Account
0.15%$100-Christmas Savings Account

Hawaii Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-PMA Money Market Account

Hawaii Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$1k-High Yield Checking Account

Hawaii Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.60%$1k-24 Month Certificate
0.50%$1k-18 Month Certificate
0.40%$1k-12 Month Certificate
0.30%$1k-6 Month Certificate
0.20%$1k-90 Day Certificate

Hawaii Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.80%$500-30 Month IRA Certificate (Traditional,CESA,Roth)
0.65%$500-18 Month IRA Certificate (Traditional,CESA,Roth)
0.55%$500-12 Month IRA Certificate (Traditional,CESA,Roth)
0.40%$500-9 Month IRA Certificate (Traditional,CESA,Roth)
Locations


Hawaii Credit Union Locations
Branch Office1244 Kaumualii StHonolulu, HI 96817