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Overview / Commentary
137 Kalepa Pl
Kahului, HI 96732

Kula Community Credit Union is headquartered in Kahului and is the 35th largest credit union in the state of Hawaii. It is also the 2,524th largest credit union in the nation. It was established in 1954 and as of December of 2013, it had grown to 3 employees and 2,589 members. Kula Community Credit Union has a B+ health rating.

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Health

Data for Q4 2013

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. Kula Community Credit Union has a low asset base.

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 Kula Community Credit Union had $591,000 in non-current loans and owned real-estate with $5.75 million in equity and loan loss allowances on hand to cover it. This gives Kula Community Credit Union a Texas Ratio of 10.28% 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 Kula Community Credit Union decreased dramatically from 28.10% as of December 31, 2012 to 10.28% as of December 31, 2013, resulting in a positive change of 63.40%.This indicates that the balance sheet and financial strength for Kula Community Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Kula Community Credit Union has increased its total deposits by $442,000, resulting in 1.22% 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 Kula Community 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. Kula Community Credit Union has $41.24 million in assets with $5.75 million in equity, resulting in a capitalization level of 13.93%, which is excellent.

Institution Statistics

Overall
NCUA #9285
Year Chartered1954
Employees3
Primary Regulator
Assets and Liabilities
Assets$41.24 million
Loans$12.80 million
Deposits$36.78 million
Equity Capital$4.34 million
Loan Loss Allowance$1.41 million
Unbacked Noncurrent Loans$200,000
Real Estate Owned$391,000
Historic Data - December 2012
Assets$43.07 million
Equity Capital$6.72 million
Loan Loss Allowance$89,000
Unbacked Noncurrent Loans$200,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.27%
Return on Assets-5.66%
Return on Equity-53.84%
Interest Income$1.06 million
Rates

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Locations


Kula Community Credit Union Locations
Branch Office137 Kalepa PlKahului, HI 96732-2456
Branch Office359 Lower Kula RoadKula, HI 96790
Branch Office1501 Uakea Road Room D3Hana, HI 96713