Introduction to Garden Island FCU

Garden Island FCU has been operating for 15 years, having first been established in the year 2007. The credit union mainly focuses on the provision of mortgages and lines of credit which represent 29% of its loans outstanding. In terms of its overall asset base, Garden Island FCU is larger than 67% of credit unions in the country. Credit unions are regulated by the National Credit Union Administration (NCUA), which is an independent agency that was created by the U.S. government in 1970. The NCUA also insures customer deposits at credit unions in the country. The company has a total of 1 branch and employs a total of 17 employees.

Overview of the Credit Union’s Assets and Liabilities

As previously indicated, the credit union currently has total assets of $120 million, which makes it larger than 67% of credit unions in the United States. Garden Island FCU also has net loans outstanding to customers of $41 million and a deposit base of $104 million. Furthermore, the credit union has a loan to deposit ratio of 39% which is lower than credit unions of comparable size. Garden Island FCU’s peer set of credit unions have a loan to deposit ratio of approximately 63%. A lower ratio is better since it means that a credit union’s lending activities are more comfortably covered by its deposit base. Taking a closer look at the credit union’s loan portfolio, we see that mortgages and lines of credit represent 29% of the total and currently stands at $12 million, while there is $11 million of loans outstanding from auto loans which represents 27% of the credit union’s loan portfolio.

Contact and Other Helpful Information

  • Main Office Address: 2973 Kele St, Lihue, HI 96766
  • Website:
  • Phone: (808) 245-2712
  • Charter Number: 24796
  • Charter Year: 2007
  • Employees: 17
  • Routing Number: 321379931
  • Membership: The credit union has a membership base of 7,213 which is significantly smaller than the average credit union operating within the state. Credit unions in Hawaii each have on average 17,347 members. Over the past three years, the credit union’s total base of members has declined by 3%.

Garden Island FCU: Financial Overview

garden island fcu-balance-sheet-metrics

As shown in the above chart, Garden Island FCU’s assets have grown by 13.3% over the past year, while its mortgages and lines of credit – which is its largest category of lending – have increased by 12.7% over the past year. Furthermore, the company’s deposits have expanded by 18.0% while its total loans have increased by 22.0%. The net worth of a credit union provides us with an idea of how the credit union has performed over the years. It is the total value that the credit union has created for its members since inception. Garden Island FCU has a total net worth of $15 million. This implies that the credit union has a net worth per member of $2,128 which is greater than the national average of $1,606.

Overview of the Credit Union’s Performance Metrics

garden island fcu-selected-performance-metrics

The chart above compares Garden Island FCU’s performance on three metrics to credit unions in its peer group and also shows the credit union’s performance on each metric in the prior year. These are some of the important measures for a credit union’s performance that we look at. Starting with the company’s return on assets, on this metric Garden Island FCU is below the average credit union in its peer set and over the past year ROA has improved with a total change of 0.19%. Return on assets tells us how productive a company is being with its asset base. We look at the delinquency rate within a loan portfolio as a way to assess the performance and quality of a credit union’s loan book. A lower delinquency rate indicates a better performing portfolio. Garden Island FCU has a delinquency rate that is well above its peer group average and when compared with the prior year, we can see that it has improved substantially. The net worth ratio for the credit union is 12.8% and has declined compared with the prior year figure of 13.8%. The credit union is also well above its peer group average of 9.7% on this metric. Finally, based on the NCUA guidelines, the company’s net worth ratio would classify it as well capitalized.


In conclusion, when we look at all the various factors and data we give Garden Island FCU a 3.1 out of 5.0 rating, which we consider to be above average. Importantly, please be aware that none of the information presented is meant to be investment advice or advice of any form. All of the information and views expressed in this note and on this site are purely for informational purposes.