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Overview / Commentary
808-873-5050
107 E Wakea Ave
Kahului, HI 96732

Maui Credit Union is headquartered in Kahului and is the 18st largest credit union in the state of Hawaii. It is also the 1,523rd largest credit union in the nation. It was established in 1938 and as of March of 2014, it had grown to 13 employees and 7,855 members. Maui Credit Union's savings rates are 35% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must be an employee of the MAUI Pineapple Company or several other companies. - See Details

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Health

Data for Q1 2014

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Maui 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 Maui Credit Union had $474,000 in non-current loans and owned real-estate with $15.42 million in equity and loan loss allowances on hand to cover it. This gives Maui Credit Union a Texas Ratio of 3.07% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Maui Credit Union experienced no significant changes from 0.07% as of March 31, 2013 to 3.07% as of March 31, 2014, resulting in a negative change of 4,408.72%. This indicates that the balance sheet and financial strength for Maui Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Maui Credit Union has increased its total deposits by $33.53 million, resulting in 64.75% 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 Maui 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. Maui Credit Union has $99.93 million in assets with $15.42 million in equity, resulting in a capitalization level of 15.43%, which is excellent.

Institution Statistics

Overall
NCUA #2562
Year Chartered1938
Employees13
Primary Regulator
Assets and Liabilities
Assets$99.93 million
Loans$27.87 million
Deposits$85.32 million
Equity Capital$13.89 million
Loan Loss Allowance$1.53 million
Unbacked Noncurrent Loans$83,000
Real Estate Owned$391,000
Historic Data - March 2013
Assets$60.89 million
Equity Capital$8.61 million
Loan Loss Allowance$187,000
Unbacked Noncurrent Loans$83,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.47%
Return on Assets20.85%
Return on Equity149.98%
Interest Income$590,000
Rates
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Maui Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.70%--Traditional IRA Share Account
0.70%--Roth IRA Share Account
0.70%--Coverdell IRA Share Account
0.10%$100-Regular Share Account
0.10%$100-Shares Secondary Account
0.10%--Christmas Share Savings Account
0.10%--Club/Organization Share Account

Maui Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Sharedraft (Checking) Share Account

Maui Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-5 Year Share Certificate
0.75%$1k-4 Year Share Certificate
0.65%$1k-3 Year Share Certificate
0.55%$1k-2 Year Share Certificate
0.40%$1k-1 Year Share Certificate
0.30%$1k-6 Month Share Certificate
0.25%$1k-3 Month Share Certificate

Maui Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-5 Year IRA Certificate
0.75%$1k-4 Year IRA Certificate
0.65%$1k-3 Year IRA Certificate
0.55%$1k-2 Year IRA Certificate
0.40%$1k-1 Year IRA Certificate
0.30%$1k-6 Month IRA Certificate
0.25%$1k-3 Month IRA Certificate
Locations


Maui Credit Union Locations
Branch Office107 E Wakea AveKahului, HI 96732