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Plumbers & Fitters Local 675 Credit Union

Plumbers & Fitters Local 675 Credit Union
Overview / Commentary
1109 Bethel St Lowr Level
Honolulu, HI 96813

Plumbers & Fitters Local 675 Credit Union is headquartered in Honolulu and is the 72nd largest credit union in the state of Hawaii. It is also the 5,818st largest credit union in the nation. It was established in 1987 and as of March of 2014, it had grown to 1 employees and 675 members. Plumbers & Fitters Local 675 Credit Union has a C+ health rating.

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Health

Data for Q1 2014

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Plumbers & Fitters Local 675 Credit Union has a very 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 Plumbers & Fitters Local 675 Credit Union had $12,000 in non-current loans and owned real-estate with $289,000 in equity and loan loss allowances on hand to cover it. This gives Plumbers & Fitters Local 675 Credit Union a Texas Ratio of 4.15% 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 Plumbers & Fitters Local 675 Credit Union experienced no significant changes from 3.86% as of March 31, 2013 to 4.15% as of March 31, 2014, resulting in a negative change of 7.58%. This indicates that the balance sheet and financial strength for Plumbers & Fitters Local 675 Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Plumbers & Fitters Local 675 Credit Union has decreased its total deposits by $-23,000, resulting in -1.07% 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 Plumbers & Fitters Local 675 Credit Union has shown is 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. Plumbers & Fitters Local 675 Credit Union has $2.39 million in assets with $289,000 in equity, resulting in a capitalization level of 12.08%, which is excellent.

Institution Statistics

Overall
NCUA #24284
Year Chartered1987
Employees1
Primary Regulator
Assets and Liabilities
Assets$2.39 million
Loans$425,000
Deposits$2.12 million
Equity Capital$271,000
Loan Loss Allowance$18,000
Unbacked Noncurrent Loans$12,000
Real Estate Owned$0
Historic Data - March 2013
Assets$2.41 million
Equity Capital$265,000
Loan Loss Allowance$20,000
Unbacked Noncurrent Loans$12,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.36%
Return on Assets2.67%
Return on Equity23.62%
Interest Income$8,000
Rates

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Locations


Plumbers & Fitters Local 675 Credit Union Locations
Branch Office1244 Kaumualii StHonolulu, HI 96817-4402
Branch Office1259 AALA ST STE 205HONOLULU, HI 96817-3962
Branch Office1109 Bethel St Lowr LevelHonolulu, HI 96813