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Hawaiian Electric Employees Credit Union

Overview / Commentary
808-543-7581
770 Kapiolani Blvd, Suite 514
Honolulu, HI 96813

Hawaiian Electric Employees Credit Union is headquartered in HONOLULU and is the 36th largest credit union in the state of Hawaii. It is also the 2,667th largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 3 employees and 2,152 members. Hawaiian Electric Employees Credit Union's savings rates are 25% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee of Hawaiian Electric Industries (HEI), Hawaiian Electric Company (HECO) or Maui Electric Company (MECO) - See Details

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Health

Data for Q1 2014

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. Hawaiian Electric Employees Credit Union has a 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 Hawaiian Electric Employees Credit Union had $30,000 in non-current loans and owned real-estate with $5.54 million in equity and loan loss allowances on hand to cover it. This gives Hawaiian Electric Employees Credit Union a Texas Ratio of 0.54% 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 Hawaiian Electric Employees Credit Union decreased dramatically from 8.10% as of March 31, 2013 to 0.54% as of March 31, 2014, resulting in a positive change of 93.31%.This indicates that the balance sheet and financial strength for Hawaiian Electric Employees Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Hawaiian Electric Employees Credit Union has increased its total deposits by $789,000, resulting in 2.5% 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 Hawaiian Electric Employees Credit Union has shown is above average.

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. Hawaiian Electric Employees Credit Union has $37.85 million in assets with $5.54 million in equity, resulting in a capitalization level of 14.62%, which is excellent.

Institution Statistics

Overall
NCUA #1869
Year Chartered1937
Employees3
Primary Regulator
Assets and Liabilities
Assets$37.85 million
Loans$9.68 million
Deposits$32.30 million
Equity Capital$5.48 million
Loan Loss Allowance$52,000
Unbacked Noncurrent Loans$30,000
Real Estate Owned$0
Historic Data - March 2013
Assets$37.12 million
Equity Capital$5.54 million
Loan Loss Allowance$47,000
Unbacked Noncurrent Loans$30,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.16%
Return on Assets0%
Return on Equity0%
Interest Income$166,000
Rates
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Hawaiian Electric Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.65%--Roth IRA
0.65%--IRA
0.65%--Education IRA
0.20%--Custodial
0.15%--Share Savings
0.15%--Christmas

Hawaiian Electric Employees Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Share Draft

Hawaiian Electric Employees Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.40%$1k-2 Year CD
0.30%$1k-1 Year CD
0.25%$1k-11 Month CD Special
Locations


Hawaiian Electric Employees Credit Union Locations
Branch Office770 KAPIOLANI BLVD STE 514HONOLULU, HI 96813