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808-521-0302
233 Vineyard St
Honolulu, HI 96813-2446

Hawaii Schools Credit Union is headquartered in Honolulu and is the 26th largest credit union in the state of Hawaii. It is also the 1,962nd largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 14 employees and 5,971 members. Hawaii Schools Credit Union's CD rates are 3X the national average, and it has a A health rating.

Field of Membership Restrictions

Must be a student or participant of any school, program or facility operated by the State of Hawaii's Department of Education including any public school or public charter school. Also open to employees or retirees of the State of Hawaii's Department of Education, State of Hawaii's Public Library system, Hawaii State Teachers Association (HSTA), Hawaii Federation of Teachers or National Education Association. - See Details

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Health

Data for Q1 2014

Institution Health

A
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 Schools Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Hawaii Schools Credit Union had $225,000 in non-current loans and owned real-estate with $7.56 million in equity and loan loss allowances on hand to cover it. This gives Hawaii Schools Credit Union a Texas Ratio of 2.98% 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 Schools Credit Union decreased dramatically from 4.59% as of March 31, 2013 to 2.98% as of March 31, 2014, resulting in a positive change of 35.10%.This indicates that the balance sheet and financial strength for Hawaii Schools Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Hawaii Schools Credit Union has increased its total deposits by $2.03 million, resulting in 3.66% 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 Schools 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 Schools Credit Union has $67.13 million in assets with $7.56 million in equity, resulting in a capitalization level of 11.26%, which is excellent.

Institution Statistics

Overall
NCUA #1785
Year Chartered1936
Employees14
Primary Regulator
Assets and Liabilities
Assets$67.13 million
Loans$28.21 million
Deposits$57.52 million
Equity Capital$7.22 million
Loan Loss Allowance$337,000
Unbacked Noncurrent Loans$225,000
Real Estate Owned$0
Historic Data - March 2013
Assets$65.22 million
Equity Capital$7.46 million
Loan Loss Allowance$346,000
Unbacked Noncurrent Loans$225,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.12%
Return on Assets0.03%
Return on Equity0.28%
Interest Income$431,000
Rates
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Hawaii Schools Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%--Holiday Club Savings
0.50%$50k-Individual Retirement Account
0.25%$50k-Savings

Hawaii Schools Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
3.00%$1k$1k12 Month Super Saver CD
0.95%$2,500-60 Month CD
0.75%$2,500-48 Month CD
0.55%$2,500-36 Month CD
0.45%$2,500-24 Month CD
0.35%$2,500-12 Month CD
0.25%$2,500-6 Month CD

Hawaii Schools Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$2,500-5 Year IRA
0.80%$2,500-4 Year IRA
0.70%$2,500-3 Year IRA
0.60%$2,500-2 Year IRA
0.50%$2,500-1 Year IRA
Locations


Hawaii Schools Credit Union Locations
Branch Office233 Vineyard StHonolulu, HI 96813-2446
Branch Office1244 Kaumualii StHonolulu, HI 96817