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Overview / Commentary
808-964-1031
P.O. Box 19
Papaikou, HI 96781

Onomea Credit Union is headquartered in Papaikou and is the 57th largest credit union in the state of Hawaii. It is also the 3,832nd largest credit union in the nation. It was established in 1939 and as of March of 2014, it had grown to 5 employees and 1,986 members. Onomea Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live in East or North Hilo or South Hawaii. - See Details

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Health

Data for Q1 2014

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. Onomea Credit Union has a 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 Onomea Credit Union had $34,000 in non-current loans and owned real-estate with $2.96 million in equity and loan loss allowances on hand to cover it. This gives Onomea Credit Union a Texas Ratio of 1.15% 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 Onomea Credit Union decreased dramatically from 1.84% as of March 31, 2013 to 1.15% as of March 31, 2014, resulting in a positive change of 37.39%.This indicates that the balance sheet and financial strength for Onomea Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Onomea Credit Union has increased its total deposits by $121,000, resulting in 0.93% 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 Onomea 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. Onomea Credit Union has $16.17 million in assets with $2.96 million in equity, resulting in a capitalization level of 18.30%, which is excellent.

Institution Statistics

Overall
NCUA #3050
Year Chartered1939
Employees5
Primary Regulator
Assets and Liabilities
Assets$16.17 million
Loans$4.81 million
Deposits$13.20 million
Equity Capital$2.89 million
Loan Loss Allowance$72,000
Unbacked Noncurrent Loans$34,000
Real Estate Owned$0
Historic Data - March 2013
Assets$16.09 million
Equity Capital$2.93 million
Loan Loss Allowance$67,000
Unbacked Noncurrent Loans$34,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.07%
Return on Equity0.42%
Interest Income$111,000
Rates
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Onomea Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.55%--Savers Club
0.25%--IRA Shares
0.25%--Roth IRA Shares
0.15%$100-Regular Share Savings

Onomea Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.25%$2k-18 Month CD

Onomea Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.65%$500-2 Year IRA
0.45%$500-1 Year IRA
Locations


Onomea Credit Union Locations
Branch Office27-251 Old Mamalahoa HwyPapaikou, HI 96781