Lanai Credit Union

PO Box 631377
Lanai City, HI 967631377



Lanai Credit Union is headquartered in Lanai City and is the 49th largest credit union in the state of Hawaii. It is also the 3,229th largest credit union in the nation. It was established in 1938 and as of December of 2011, it had grown to 3 employees and 1,924 members. Lanai Credit Union has a 5-star health rating.


Data for Q4 2011


Institution Statistics


LANAI
NCUA #2953
BankRate ReportView
Year Chartered1938
Employees3
Primary Regulator

Assets and Liabilities

Assets$24.56 million
Loans$630,000
Deposits$21.79 million
Equity Capital$2.76 million
Loan Loss Allowance$1,000
Unbacked Noncurrent Loans$8,000

Historic Data - December 2010

Assets$23.42 million
Equity Capital$2.71 million
Loan Loss Allowance$1,000

Profit Margin - Quarterly

Net Interest Margin5.56%
Return on Assets0.21%
Return on Equity1.88%
Interest Income$880,000
Non-Interest Income$6,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2011 Lanai Credit Union had $8,000 in non-current loans and owned real-estate with $2.76 million in equity and loan loss allowances on hand to cover it. This gives Lanai Credit Union a Texas Ratio of 0.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Deposit Growth5
In the past year, Lanai Credit Union has increased its total deposits by $1.09 million, resulting in 5.28% 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 Lanai Credit Union has shown is excellent.
Capitalization4
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. Lanai Credit Union has $24.56 million in assets with $2.76 million in equity, resulting in a capitalization level of 11.24%, which is above average.
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