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Overview / Commentary
808-244-7981
175 N Market St
Wailuku, HI 96793

Wailuku Credit Union is headquartered in Wailuku and is the 34th largest credit union in the state of Hawaii. It is also the 2,525th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 9 employees and 3,876 members. Wailuku Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in the Wailuku community. - 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. Wailuku 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 Wailuku Credit Union had $467,000 in non-current loans and owned real-estate with $6.47 million in equity and loan loss allowances on hand to cover it. This gives Wailuku Credit Union a Texas Ratio of 7.22% 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 Wailuku Credit Union experienced no significant changes from 4.43% as of March 31, 2013 to 7.22% as of March 31, 2014, resulting in a negative change of 62.92%. This indicates that the balance sheet and financial strength for Wailuku Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Wailuku Credit Union has increased its total deposits by $790,000, resulting in 2.34% 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 Wailuku 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. Wailuku Credit Union has $42.02 million in assets with $6.47 million in equity, resulting in a capitalization level of 15.39%, which is excellent.

Institution Statistics

Overall
NCUA #9924
Year Chartered1954
Employees9
Primary Regulator
Assets and Liabilities
Assets$42.02 million
Loans$28.35 million
Deposits$34.60 million
Equity Capital$5.83 million
Loan Loss Allowance$636,000
Unbacked Noncurrent Loans$467,000
Real Estate Owned$0
Historic Data - March 2013
Assets$39.58 million
Equity Capital$5.51 million
Loan Loss Allowance$757,000
Unbacked Noncurrent Loans$467,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.69%
Return on Equity12.21%
Interest Income$438,000
Rates
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Wailuku Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50-Regular Share
0.25%--Christmas Club
0.25%--Group Savings

Wailuku Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.13%--Share Draft

Wailuku Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$1k-24 Month CD
0.50%$1k-12 Month CD
0.40%$1k-6 Month CD
Locations


Wailuku Credit Union Locations
Branch Office175 N Market StWailuku, HI 96793