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808-637-6737
P.O. Box 800
Waialua, HI 96791

Waialua Credit Union is headquartered in Waialua and is the 29th largest credit union in the state of Hawaii. It is also the 2,203rd largest credit union in the nation. It was established in 1937 and as of December of 2013, it had grown to 4 employees and 3,127 members. Waialua Credit Union has a B+ health rating.

Field of Membership Restrictions

Must reside, work, attend school or worship in the zipcodes of 96791 or 96712, which extends from Ka'ena point to Crawford's Home. - 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. Waialua 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 Waialua Credit Union had $259,000 in non-current loans and owned real-estate with $6.11 million in equity and loan loss allowances on hand to cover it. This gives Waialua Credit Union a Texas Ratio of 4.24% 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 Waialua Credit Union experienced no significant changes from 2.54% as of December 31, 2012 to 4.24% as of December 31, 2013, resulting in a negative change of 66.97%. This indicates that the balance sheet and financial strength for Waialua Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Waialua Credit Union has increased its total deposits by $538,000, resulting in 1.16% 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 Waialua 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. Waialua Credit Union has $52.78 million in assets with $6.11 million in equity, resulting in a capitalization level of 11.57%, which is excellent.

Institution Statistics

Overall
NCUA #2049
Year Chartered1937
Employees4
Primary Regulator
Assets and Liabilities
Assets$52.78 million
Loans$9.03 million
Deposits$46.79 million
Equity Capital$5.94 million
Loan Loss Allowance$171,000
Unbacked Noncurrent Loans$259,000
Real Estate Owned$0
Historic Data - December 2012
Assets$52.11 million
Equity Capital$5.81 million
Loan Loss Allowance$138,000
Unbacked Noncurrent Loans$259,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.45%
Return on Assets0.23%
Return on Equity2.04%
Interest Income$924,000
Rates

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Locations


Waialua Credit Union Locations
Branch Office67-292 Goodale Ave # A2Waialua, HI 96791-9664