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Local Union 1186 Ibew Credit Union

Overview
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Local Union 1186 Ibew Credit Union is a federal credit union based in Honolulu, Hawaii. It has been opened since 1956, for 64 years.

With around $15,100,000 in assets, Local Union 1186 Ibew Credit Union is considered to be a medium size credit union.

About
Address 1935 Hau Street Suite 300
Honolulu, Hawaii 96819
Phone (808) 848-1599
Fax (808) 847-4596
CEO Ron G. Mendiola
President of the Board Dennis Kaloi
Services Offered
Map
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Score Card
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64 years
Years in business
Opened in 1956
Well Capitalized
Net worth classification
Source: NCUA
1,113 members
Membership type: Associational – other than faith or fraternal based
Below average number of members
556:1
Credit union member to staff ratio
556 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$15,099,141
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Hawaii
Average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Hawaii
Average number of branches
Local Union 1186 Ibew Credit Union Branch Locations
Members
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1,113 members
Membership type: Associational – other than faith or fraternal based
Below average number of members

With 1,113 members, the Local Union 1186 Ibew Credit Union is considered to be a small credit union. It is smaller than 79% of credit unions.

Fees
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Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Local Union 1186 Ibew Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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556:1
Credit union member to staff ratio
556 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
2 staff members
FTE (full-time equivalent)
0% of employees are part-time
2 full-time, 0 part-time

Local Union 1186 Ibew Credit Union has 2 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Local Union 1186 Ibew Credit Union has around 556 members per staff, a high ratio compared to other credit unions.

Assets
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$15,099,141
Total assets
Below average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
11.5%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$13,326
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 72% of credit unions.

Local Union 1186 Ibew Credit Union holds a total of $2,520,000 in loans and leases, which is about $13,326 per member on average.

Savings interest rate
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0.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Local Union 1186 Ibew Credit Union pays 0.25%.

Loan rates
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6.40%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.50%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.90%
New car loan rate
Compared to 4.0% nationally
3.60%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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3.66%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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