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Overview / Commentary
808-624-9884
P.O. Box 860669
Wahiawa, HI 96786

Schofield Credit Union is headquartered in WAHIAWA and is the 39th largest credit union in the state of Hawaii. It is also the 2,677th largest credit union in the nation. It was established in 1951 and as of December of 2013, it had grown to 8 employees and 2,349 members. Schofield Credit Union's savings rates are 25% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Who Can Join? Ø Civilian and military personnel whose permanent duty station is at Schofield Barracks, Hawaii and their families. Ø Members of the U.S. Armed Forces, active or retired, and their families. Ø Students attending Leilehua High School in Wahiawa, Hawaii. Ø For other eligibility requirements, please call the Credit Union Note : Immediate family members and persons living in the same household are also eligible to join. (Immediate family consists of husband, wife and all children up to 18 years of age.) - 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. Schofield 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 Schofield Credit Union had $229,000 in non-current loans and owned real-estate with $4.74 million in equity and loan loss allowances on hand to cover it. This gives Schofield Credit Union a Texas Ratio of 4.83% 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 Schofield Credit Union experienced no significant changes from 0.41% as of December 31, 2012 to 4.83% as of December 31, 2013, resulting in a negative change of 1,069.95%. This indicates that the balance sheet and financial strength for Schofield Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Schofield Credit Union has decreased its total deposits by -$1.46 million, resulting in -4.39% 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 Schofield Credit Union has shown is below 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. Schofield Credit Union has $36.69 million in assets with $4.74 million in equity, resulting in a capitalization level of 12.93%, which is excellent.

Institution Statistics

Overall
NCUA #7423
Year Chartered1951
Employees8
Primary Regulator
Assets and Liabilities
Assets$36.69 million
Loans$11.05 million
Deposits$31.79 million
Equity Capital$4.70 million
Loan Loss Allowance$46,000
Unbacked Noncurrent Loans$229,000
Real Estate Owned$0
Historic Data - December 2012
Assets$38.28 million
Equity Capital$4.56 million
Loan Loss Allowance$46,000
Unbacked Noncurrent Loans$229,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.97%
Return on Assets0.82%
Return on Equity6.41%
Interest Income$853,000
Rates
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Schofield Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.65%--IRA Share
0.40%$100k-Share Account

Schofield Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Share Draft Account

Schofield Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.50%$500-12 Month Share Certificate

Schofield Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-12 Month IRA Certificate
Locations


Schofield Credit Union Locations
Branch Office2200 Kamehameha Hwy Ste 203HONOLULU, HI 96819
Branch OfficePO Box 860669Wahiawa, HI 96786-0669