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Overview / Commentary
808-885-7349
P.O. Box 446
Kamuela, HI 96743

Hawaii First Credit Union is headquartered in Kamuela and is the 43rd largest credit union in the state of Hawaii. It is also the 2,828th largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 16 employees and 7,464 members. Hawaii First Credit Union has a C- health rating.

Field of Membership Restrictions

Must live, work or worship on the Island of Hawaii. - See Details

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Health

Data for Q4 2013

Institution Health

C-
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 First Credit Union has a low asset base.

Texas Ratio

GRADE:
D

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 First Credit Union had $3.18 million in non-current loans and owned real-estate with $3.68 million in equity and loan loss allowances on hand to cover it. This gives Hawaii First Credit Union a Texas Ratio of 86.44% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Hawaii First Credit Union increased slightly from 74.97% as of December 31, 2012 to 86.44% as of December 31, 2013, resulting in a negative change of 15.30%. This indicates that the balance sheet and financial strength for Hawaii First Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Hawaii First Credit Union has decreased its total deposits by $-575,000, resulting in -1.95% 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 average.

Capitalization

GRADE:
B+

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 $32.54 million in assets with $3.43 million in equity, resulting in a capitalization level of 10.54%, which is above average.

Institution Statistics

Overall
NCUA #10938
Year Chartered1956
Employees16
Primary Regulator
Assets and Liabilities
Assets$32.55 million
Loans$23.84 million
Deposits$28.95 million
Equity Capital$2.28 million
Secondary Capital$250,000
Loan Loss Allowance$1.15 million
Unbacked Noncurrent Loans$2.49 million
Real Estate Owned$690,000
Historic Data - December 2012
Assets$33.43 million
Equity Capital$2.28 million
Loan Loss Allowance$1.65 million
Unbacked Noncurrent Loans$2.49 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.77%
Return on Assets0.03%
Return on Equity0.39%
Interest Income$1.70 million
Rates
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Hawaii First Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$40k-Savings Rates

Hawaii First Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

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


Hawaii First Credit Union Locations
Branch Office1221 Kilauea Ave Suite 160Hilo, HI 96720
Branch Office67-1187 Mamalahoa HwyKamuela, HI 96743