Hawaii First Credit Union

Hawaii First Credit Union Locations
67-1187 Mamalahoa Hwy
Kamuela, HI 96743
(808) 885-7349
www.hawaiifirstfcu.com

NCUA


Hawaii First Credit Union is headquartered in Kamuela and is the 42nd largest credit union in the state of Hawaii. It is also the 2,796th 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.



See Rates for: Savings | CD | IRA

Hawaii First Credit Union Savings Account Rates

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0.15%$40k-Savings Rates

Hawaii First Credit Union CD Rates

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0.35%$2k-2 Year CD
0.30%$2k-1 Year CD
0.25%$2k-9 Month CD
0.20%$2k-6 Month CD
0.15%$2k-3 Month CD

Hawaii First Credit Union IRA Rates

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0.50%$1k-1 Year IRA Traditional CD
0.50%$1k-1 Year Roth IRA CD

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


HAWAII FIRST
NCUA #10938
BankRate ReportView
Year Chartered1956
Employees21
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 Margin6.14%
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
2
Texas Ratio2
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 Trend3
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 Growth1
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.
Capitalization4
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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