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Honolulu Fire Department Credit Union

Overview / Commentary
800-592-2290
1200 N School St
Honolulu, HI 96817-2013

Honolulu Fire Department Credit Union is headquartered in Honolulu and is the 27th largest credit union in the state of Hawaii. It is also the 1,985th largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 10 employees and 5,214 members. Honolulu Fire Department Credit Union's savings rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee of the Honolulu Fire Department. - 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. Honolulu Fire Department 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 Honolulu Fire Department Credit Union had $12,000 in non-current loans and owned real-estate with $7.33 million in equity and loan loss allowances on hand to cover it. This gives Honolulu Fire Department Credit Union a Texas Ratio of 0.16% 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 Honolulu Fire Department Credit Union decreased dramatically from 0.41% as of March 31, 2013 to 0.16% as of March 31, 2014, resulting in a positive change of 59.66%.This indicates that the balance sheet and financial strength for Honolulu Fire Department Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Honolulu Fire Department Credit Union has increased its total deposits by $455,000, resulting in 0.79% 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 Fire Department 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 Fire Department Credit Union has $65.74 million in assets with $7.33 million in equity, resulting in a capitalization level of 11.15%, which is excellent.

Institution Statistics

Overall
NCUA #1880
Year Chartered1937
Employees10
Primary Regulator
Assets and Liabilities
Assets$65.74 million
Loans$15.47 million
Deposits$58.25 million
Equity Capital$6.84 million
Loan Loss Allowance$492,000
Unbacked Noncurrent Loans$12,000
Real Estate Owned$0
Historic Data - March 2013
Assets$65.09 million
Equity Capital$6.73 million
Loan Loss Allowance$418,000
Unbacked Noncurrent Loans$12,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.51%
Return on Assets0.18%
Return on Equity1.76%
Interest Income$392,000
Rates
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Honolulu Fire Department Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.25%--Individual Retirement Account (IRA)
1.25%--Roth IRA Account
1.00%$100$5kHoliday Savings Account
0.15%$25-The Zone Account
0.15%--9-1-1 Savings Account
0.15%$25k-Super Savings Account
0.15%$25-Kidz Club
0.10%$100-Regular Savings Account

Honolulu Fire Department Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--EChecking

Honolulu Fire Department Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.60%$1k-36 Month Share Certificate
0.45%$1k-24 Month Share Certificate
0.30%$1k-12 Month Share Certificate
0.20%$1k-6 Month Share Certificate

Honolulu Fire Department Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.60%$1k-36 Month IRA Share Certificate
0.45%$1k-24 Month IRA Share Certificate
0.30%$1k-12 Month IRA Share Certificate
0.20%$1k-6 Month IRA Share Certificate
Locations


Honolulu Fire Department Credit Union Locations
Branch Office1200 N School StHonolulu, HI 96817-2013