Safe and Sound

MAUI COUNTY

WAILUKU, HI
5
Star Rating
Started in 1937, MAUI COUNTY is an NCUA-insured credit union headquartered in WAILUKU, HI. As of June 30, 2017, the credit union had assets of $277.7 million.

With 49 full-time employees, the credit union has amassed loans and leases worth $134.9 million. Its 15,516 members currently have $237.3 million in shares with the credit union.

Overall, Bankrate believes that, as of June 30, 2017, MAUI COUNTY exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's an analysis of how the credit union did on the three major criteria Bankrate used to evaluate American credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

Find out

THE INSTITUTION'S SCORE

Capital Score

Capital acts as a bulwark against losses and as protection for members when a credit union is experiencing financial instability. Therefore, when it comes to measuring an an institution's financial stability, capital is key. When it comes to safety and soundness, more capital is better.

MAUI COUNTY racked up 20 out of a possible 30 points on our test to measure the adequacy of a credit union's capital, above the national average of 15.26.

MAUI COUNTY had a capitalization ratio of 14.00 percent in our test, above the average for all credit unions, a sign that it's on more solid financial footing than its peers.

Asset Quality Score

This test is intended to estimate how the credit union's capitalization and allocated loan loss reserves could be affected by troubled assets, such as past-due mortgages.

A credit union with a large number of these types of assets could eventually be forced to use capital to absorb losses, cutting down on its buffer of equity. It also means that there are likely to be many assets that are in non-accrual status and no longer earning money, resulting in diminished earnings and potentially more risk of a failure in the future.

MAUI COUNTY fell below the national average of 38.15 on Bankrate's test of asset quality, racking up 36 out of a possible 40 points .

A higher-than-average ratio of problem assets of 12.00 percent in our test was something to watch for the credit union.

Earnings score

How successful a credit union is at earning money affects its safety and soundness. Earnings may be retained by the credit union, increasing its capital buffer, or be used to address problematic loans, potentially making the credit union more resilient in times of trouble. Conversely, losses diminish a credit union's ability to do those things.

MAUI COUNTY scored 16 out of a possible 30 on Bankrate's earnings test, better than the national average of 10.31.

One indication that the credit union is doing better than its peers in this area was its earnings ratio of 7.00 percent in our test, higher than the average for all credit unions.

WHAT IS SAFE & SOUND?

Bankrate.com's Safe & Sound Ratings provide a star rating system to evaluate the current financial status of financial institutions. The information gathered about banks, credit unions and thrifts is updated as set forth in the Terms of Use of Safe & Sound Ratings and Reports. The Safe & Sound Ratings information is grouped by categories of banks, thrifts and credit unions.

Scoring methodology

Bankrate.com evaluates the financial condition of institutions and assigns a one- to five-star rating for each with five stars representing the highest rating. Institutions with satisfactory performance will generally receive a rating of three or more stars. The majority of institutions fall into the three- to four-star range. An institution with an "NR" rating may be too new to rate or may have limited the publicly available information in their regulatory filings. The "NR" is not an indication of financial strength or weakness. The Safe & Sound rating is believed to be reliable, but the information is not guaranteed. In addition, events since the information was collected may have altered the institution's financial condition.