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Overview / Commentary
P.O. Box 631377
Lanai City, HI 96763

Lanai Credit Union is headquartered in Lanai City and is the 48th largest credit union in the state of Hawaii. It is also the 3,140th largest credit union in the nation. It was established in 1938 and as of December of 2013, it had grown to 3 employees and 1,852 members. Lanai 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. Lanai 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 Lanai Credit Union had $0 in non-current loans and owned real-estate with $2.94 million in equity and loan loss allowances on hand to cover it. This gives Lanai Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
A

In the past year, Lanai Credit Union has increased its total deposits by $818,000, resulting in 3.69% 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.

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. Lanai Credit Union has $25.97 million in assets with $2.94 million in equity, resulting in a capitalization level of 11.30%, which is excellent.

Institution Statistics

Overall
NCUA #2953
Year Chartered1938
Employees3
Primary Regulator
Assets and Liabilities
Assets$25.97 million
Loans$1.11 million
Deposits$23.02 million
Equity Capital$2.93 million
Loan Loss Allowance$4,000
Real Estate Owned$0
Historic Data - December 2012
Assets$25.06 million
Equity Capital$2.85 million
Loan Loss Allowance$1,000
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.79%
Return on Assets0.32%
Return on Equity2.87%
Interest Income$723,000
Rates

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Locations


Lanai Credit Union Locations
Branch Office816 Ilima Ave PO Box 631377Lanai City, HI 96763