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Overview / Commentary
808-547-4521
715 S King St Ste 110
Honolulu, HI 96813

The Queen's Credit Union is headquartered in Honolulu and is the 30th largest credit union in the state of Hawaii. It is also the 2,220th largest credit union in the nation. It was established in 1944 and as of December of 2013, it had grown to 10 employees and 5,255 members. The Queen's Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee, independent contractor or self-employed person who work regularly in the Healthcare Industry in the State of Hawaii. - 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. The Queen's Credit Union has a relatively 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 The Queen's Credit Union had $118,000 in non-current loans and owned real-estate with $5.11 million in equity and loan loss allowances on hand to cover it. This gives The Queen's Credit Union a Texas Ratio of 2.31% 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 The Queen's Credit Union experienced no significant changes from 1.48% as of December 31, 2012 to 2.31% as of December 31, 2013, resulting in a negative change of 56.54%. This indicates that the balance sheet and financial strength for The Queen's Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, The Queen's Credit Union has increased its total deposits by $1.57 million, resulting in 3.49% 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 The Queen's Credit Union has shown is excellent.

Capitalization

GRADE:
B

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. The Queen's Credit Union has $52.06 million in assets with $5.11 million in equity, resulting in a capitalization level of 9.81%, which is above average.

Institution Statistics

Overall
NCUA #5099
Year Chartered1944
Employees10
Primary Regulator
Assets and Liabilities
Assets$52.06 million
Loans$14.70 million
Deposits$46.63 million
Equity Capital$4.81 million
Loan Loss Allowance$298,000
Unbacked Noncurrent Loans$118,000
Real Estate Owned$0
Historic Data - December 2012
Assets$50.47 million
Equity Capital$4.75 million
Loan Loss Allowance$397,000
Unbacked Noncurrent Loans$118,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin7.19%
Return on Assets0.11%
Return on Equity1.14%
Interest Income$1.43 million
Rates
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The Queen's Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$100-IRA Share Savings
0.15%$10k-Alii Share Savings
0.10%$100-Share Savings
0.10%$25-Christmas Share Savings
0.10%$25-Add'l Share Savings

The Queen's Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$100-King's Share Checking
0.03%$25-Queen's Share Checking
Locations


The Queen's Credit Union Locations
Branch Office715 S King St Ste 110Honolulu, HI 96813-3029
Branch Office1301 Punchbowl St # 139Honolulu, HI 96813-2402