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Overview / Commentary
1 Fort Shafter Army Base Building 223
Fort Shafter, HI 96858

Honea Credit Union is headquartered in Fort Shafter and is the 48th largest credit union in the state of Hawaii. It is also the 3,194th largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 4 employees and 1,014 members. Honea Credit Union has a B health rating.

Field of Membership Restrictions

Must be a civilian employee stationed at Fort Shafter or Fort DeRussy, Hawaii or be an employee of Hale Koa Hotel or other select group. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Honea Credit Union has a low asset base.

Texas Ratio


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 Honea Credit Union had $57,000 in non-current loans and owned real-estate with $2.47 million in equity and loan loss allowances on hand to cover it. This gives Honea Credit Union a Texas Ratio of 2.31% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Honea Credit Union decreased dramatically from 5.58% as of March 31, 2013 to 2.31% as of March 31, 2014, resulting in a positive change of 58.60%.This indicates that the balance sheet and financial strength for Honea Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Honea Credit Union has decreased its total deposits by -$1.57 million, resulting in -6.38% 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 Honea Credit Union has shown is below average.



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. Honea Credit Union has $25.52 million in assets with $2.47 million in equity, resulting in a capitalization level of 9.67%, which is above average.

Institution Statistics

NCUA #7594
Year Chartered1952
Primary Regulator
Assets and Liabilities
Assets$25.52 million
Loans$2.66 million
Deposits$23.04 million
Equity Capital$2.43 million
Loan Loss Allowance$34,000
Unbacked Noncurrent Loans$57,000
Real Estate Owned$0
Historic Data - March 2013
Assets$27.06 million
Equity Capital$2.43 million
Loan Loss Allowance$30,000
Unbacked Noncurrent Loans$57,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.4%
Return on Assets0.27%
Return on Equity2.79%
Interest Income$145,000
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Honea Credit Union Savings Account Rates

0.45%--Keiki Account
0.45%-$3kChristmas Club Account
0.35%$100k-Share Savings Account

Honea Credit Union Checking Account Rates

0.45%--Share Express Checking Account
0.05%--Your Choice Checking

Honea Credit Union CD Rates

1.10%$1k-4 Year Term Share Certificate
1.00%$1k-3 Year Term Share Certificate
0.90%$1k-30 Month Term Share Certificate
0.80%$1k-2 Year Term Share Certificate
0.70%$1k-18 Month Term Share Certificate
0.60%$1k-1 Year Term Share Certificate
0.55%$1k-9 Month Term Share Certificate
0.40%$1k-6 Month Term Share Certificate

Honea Credit Union Locations
Branch Office1 Fort Shafter Army Base Building 223Fort Shafter, HI 96858