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Overview / Commentary
808-945-6426
1450 Ala Moana Blvd Ste 1300
Honolulu, HI 96814

Island Tradition Credit Union is headquartered in Honolulu and is the 70th largest credit union in the state of Hawaii. It is also the 5,719st largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 1 employees and 541 members. Island Tradition Credit Union has a C health rating.

Field of Membership Restrictions

Must be a Macy's employee in the State of Hawaii or Guam. - See Details

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Health

Data for Q1 2014

Institution Health

C
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Island Tradition Credit Union has a very 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 Island Tradition Credit Union had $15,000 in non-current loans and owned real-estate with $254,000 in equity and loan loss allowances on hand to cover it. This gives Island Tradition Credit Union a Texas Ratio of 5.91% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Island Tradition Credit Union decreased slightly from 8.17% as of March 31, 2013 to 5.91% as of March 31, 2014, resulting in a positive change of 27.72%.This indicates that the balance sheet and financial strength for Island Tradition Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, Island Tradition Credit Union has decreased its total deposits by $-363,000, resulting in -12.34% 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 Island Tradition Credit Union has shown is poor.

Capitalization

GRADE:
C

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. Island Tradition Credit Union has $2.84 million in assets with $254,000 in equity, resulting in a capitalization level of 8.96%, which is average.

Institution Statistics

Overall
NCUA #1947
Year Chartered1937
Employees1
Primary Regulator
Assets and Liabilities
Assets$2.84 million
Loans$854,000
Deposits$2.58 million
Equity Capital$235,000
Loan Loss Allowance$19,000
Unbacked Noncurrent Loans$15,000
Real Estate Owned$0
Historic Data - March 2013
Assets$3.25 million
Equity Capital$289,000
Loan Loss Allowance$17,000
Unbacked Noncurrent Loans$15,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.87%
Return on Assets-0.56%
Return on Equity-6.81%
Interest Income$20,000
Rates
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Island Tradition Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--Christmas Club
0.25%-$5kVacation Club
0.15%--Regular Share Account
0.15%--Keiki Club

Island Tradition Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$200-Share Draft Account

Island Tradition Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.60%$1k-12 Month Share Certificate
0.60%$1k-24 Months Share Certificate
0.30%$1k-6 Month Share Certificate
Locations


Island Tradition Credit Union Locations
Branch Office1450 Ala Moana Blvd Ste 1300Honolulu, HI 96814