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Overview / Commentary
808-930-1400
632 Kinoole St
Hilo, HI 96720

HFS Credit Union is headquartered in HILO and is the 7th largest credit union in the state of Hawaii. It is also the 484th largest credit union in the nation. It was established in 1937 and as of December of 2013, it had grown to 104 employees and 44,325 members. HFS Credit Union's savings rates are 3X the national average, and it has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in the island of Hawaii. - See Details

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 HFS Credit Union had $3.42 million in non-current loans and owned real-estate with $47.78 million in equity and loan loss allowances on hand to cover it. This gives HFS Credit Union a Texas Ratio of 7.17% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for HFS Credit Union experienced no significant changes from 5.97% as of December 31, 2012 to 7.17% as of December 31, 2013, resulting in a negative change of 20.01%. This indicates that the balance sheet and financial strength for HFS Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, HFS Credit Union has increased its total deposits by $11.68 million, resulting in 3% 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 HFS Credit Union has shown is above 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. HFS Credit Union has $448.71 million in assets with $47.78 million in equity, resulting in a capitalization level of 10.65%, which is above average.

Institution Statistics

Overall
NCUA #1829
Year Chartered1937
Employees104
Primary Regulator
Assets and Liabilities
Assets$448.71 million
Loans$148.41 million
Deposits$401.30 million
Equity Capital$44.67 million
Loan Loss Allowance$3.11 million
Unbacked Noncurrent Loans$3.34 million
Real Estate Owned$82,000
Historic Data - December 2012
Assets$434.82 million
Equity Capital$42.46 million
Loan Loss Allowance$3.04 million
Unbacked Noncurrent Loans$3.34 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.46%
Return on Assets0.55%
Return on Equity5.57%
Interest Income$13.84 million
Rates

Always verify rates and promotions with the bank or credit union. We are not HFS Credit Union, we are a rate comparison website and can not provide official rates or promotions.

HFS Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.50%--Individual Retirement Account
0.15%$50-Regular Share Account
0.15%--Special Share Account
0.15%$100-Business Account
0.15%$100-Club Account

HFS Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%--Money Manager Account

HFS Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Share Draft Account

HFS Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.15%$2,500-60 Month CD
1.00%$2,500-48 Month CD
0.90%$2,500-36 Month CD
0.75%$2,500-24 Month CD
0.55%$2,500-18 Month CD
0.45%$2,500-12 Month CD
0.35%$2,500-6 Month CD
Locations


HFS Credit Union Locations
Branch Office74-5586 PALANI RD STE 5 KONA COAST SHOPPING CENTERKAILUA KONA, HI 96740
Branch Office632 KINOOLE STHILO, HI 96720-3828
Branch Office111 E PUAINAKO STHILO, HI 96720
Branch Office81-958 HALEKII ST CENTRAL KONA CENTER, BLDG 5KEALAKEKUA, HI 96750
Branch Office16-589 OLD VOLCANO RDKEAAU, HI 96749-8103
Branch Office65-1158 MAMALAHOA HWY WAIMEA CENTER SUITE 21KAMUELA, HI 96743