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Overview / Commentary
808-524-4961
300 Ala Moana Blvd #1-323
Honolulu, HI 96850

Honolulu Credit Union is headquartered in Honolulu and is the 13st largest credit union in the state of Hawaii. It is also the 819st largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 40 employees and 15,340 members. Honolulu Credit Union has a A health rating.

Field of Membership Restrictions

Must be a civilian employee of the U.S. Government headquartered in Honolulu, Hawaii or be an employee of one of the Select Employer Groups. - See Details

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Health

Data for Q1 2014

Institution Health

A

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 Honolulu Credit Union had $807,000 in non-current loans and owned real-estate with $27.51 million in equity and loan loss allowances on hand to cover it. This gives Honolulu Credit Union a Texas Ratio of 2.93% 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 Honolulu Credit Union experienced no significant changes from 2.00% as of March 31, 2013 to 2.93% as of March 31, 2014, resulting in a negative change of 46.99%. This indicates that the balance sheet and financial strength for Honolulu Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Honolulu Credit Union has increased its total deposits by $5.79 million, resulting in 2.79% 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 Honolulu 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. Honolulu Credit Union has $242.33 million in assets with $27.51 million in equity, resulting in a capitalization level of 11.35%, which is excellent.

Institution Statistics

Overall
NCUA #1830
Year Chartered1936
Employees40
Primary Regulator
Assets and Liabilities
Assets$242.33 million
Loans$119.68 million
Deposits$213.58 million
Equity Capital$26.29 million
Loan Loss Allowance$1.22 million
Unbacked Noncurrent Loans$807,000
Real Estate Owned$0
Historic Data - March 2013
Assets$236.41 million
Equity Capital$26.34 million
Loan Loss Allowance$1.02 million
Unbacked Noncurrent Loans$807,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.03%
Return on Assets0.2%
Return on Equity1.84%
Interest Income$1.58 million
Rates

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Honolulu Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$10k-IRA Account
0.15%--Regular Share Account

Honolulu Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.45%$500k-Money Market (Shares Plus) Account

Honolulu Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Checking Share Draft Account

Honolulu Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.60%$6k-3 Year Super CD
0.55%$500-3 Year CD
0.50%$6k-2 Year Super CD
0.45%$500-2 Year CD
0.35%$10k-1 Year Super CD
0.35%$500-1 Year CD
0.30%$10k-6 Month Super CD
0.25%$500-6 Month CD
Locations


Honolulu Credit Union Locations
Branch Office1357 Kapiolani Blvd Suite G101Honolulu, HI 96814
Branch Office300 Ala Moana Blvd #1-323Honolulu, HI 96850
Branch Office3600 Aolele StHonolulu, HI 96820
Branch Office459 Patterson Rd Rm 3B-101Honolulu, HI 96819