Hawaii First Credit Union

Hawaii First Credit Union is headquartered in Kamuela and is the 42^nd largest credit union in the state of Hawaii. It is also the 2,796^th largest credit union in the nation. It was established in 1956 and as of December of 2012, it had grown to 21 employees and 7,331 members. Hawaii First Credit Union has a 2-star health rating.

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Data for Q4 2012

Institution Statistics HAWAII FIRST NCUA # 10938 BankRate Report View Year Chartered 1956 Employees 21 Primary Regulator Assets and Liabilities Assets $33.43 million Loans $24.26 million Deposits $29.53 million Equity Capital $2.28 million Secondary Capital $250,000 Loan Loss Allowance $1.65 million Unbacked Noncurrent Loans $2.94 million Historic Data - December 2011 Assets $36.82 million Equity Capital $3.13 million Loan Loss Allowance $1.21 million Unbacked Noncurrent Loans $2.62 million Real Estate Owned $350,000 Profit Margin - Quarterly Net Interest Margin 6.14% Return on Assets -2.56% Return on Equity -37.63% Interest Income $1.62 million Non-Interest Income $740,000

Institution Health Overall Score: 2 out of 5 Texas Ratio 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, 2012 Hawaii First Credit Union had $2.94 million in non-current loans and owned real-estate with $4.17 million in equity and loan loss allowances on hand to cover it. This gives Hawaii First Credit Union a Texas Ratio of 70.48% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Hawaii First Credit Union held steady from 68.45% as of December 31, 2011 to 70.48% as of December 31, 2012, resulting in a negative change of 2.95%. This indicates that the balance sheet and financial strength for Hawaii First Credit Union has held steady in recent periods. Deposit Growth In the past year, Hawaii First Credit Union has decreased its total deposits by -$2.56 million, resulting in -7.97% 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 First Credit Union has shown is poor. Capitalization 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 First Credit Union has $33.43 million in assets with $3.92 million in equity, resulting in a capitalization level of 11.74%, which is above average.

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