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808-242-2997
2145 Wells St Ste 101
Wailuku, HI 96793

Maui Teachers Credit Union is headquartered in Wailuku and is the 41st largest credit union in the state of Hawaii. It is also the 2,777th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 3 employees and 1,751 members. Maui Teachers Credit Union has a B health rating.

Field of Membership Restrictions

All must be within the County of Maui and must be: --Permanent Full & Part-time employees of the Department of Education, certified, employed substitute teachers; --Students attending public schools (and/or their immediate family members) within the Department of Education; --Contract employees who work regularly for the Department of Education; --Spouses of persons who died while within the field of membership of this credit union; --Employees of this credit union, persons retired as pensioners or annuitants from the above employment, and organizations of such persons. --Immediate family members of a member or potential member may join our credit union. - See Details

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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. Maui Teachers 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 Maui Teachers Credit Union had $3,000 in non-current loans and owned real-estate with $3.16 million in equity and loan loss allowances on hand to cover it. This gives Maui Teachers Credit Union a Texas Ratio of 0.10% 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 Maui Teachers Credit Union decreased dramatically from 0.76% as of December 31, 2012 to 0.10% as of December 31, 2013, resulting in a positive change of 87.42%.This indicates that the balance sheet and financial strength for Maui Teachers Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Maui Teachers Credit Union has decreased its total deposits by $-723,000, resulting in -2.3% 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 Teachers Credit Union has shown is average.

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. Maui Teachers Credit Union has $33.94 million in assets with $3.16 million in equity, resulting in a capitalization level of 9.30%, which is average.

Institution Statistics

Overall
NCUA #1817
Year Chartered1936
Employees3
Primary Regulator
Assets and Liabilities
Assets$33.94 million
Loans$5.20 million
Deposits$30.77 million
Equity Capital$3.14 million
Loan Loss Allowance$14,000
Unbacked Noncurrent Loans$3,000
Real Estate Owned$0
Historic Data - December 2012
Assets$35.11 million
Equity Capital$3.56 million
Loan Loss Allowance$15,000
Unbacked Noncurrent Loans$3,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.48%
Return on Assets0.22%
Return on Equity2.36%
Interest Income$629,000
Rates
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Maui Teachers Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$100-Share
Locations


Maui Teachers Credit Union Locations
Branch Office1888 Wili Pa LoopWailuku, HI 96793
Branch Office349 Lahainaluna RdLahaina, HI 96761
Branch Office2145 Wells St Ste 101Wailuku, HI 96793
Branch Office180 Dickenson St Ste 212Lahaina, HI 96761-1215
Branch Office107 E Wakea AveKahului, HI 96732
Branch Office25 W Kamehameha AveKahului, HI 96732