# H M S A EMPLOYEES
Honolulu, HI · NCUA charter 14303 · asset band $50-100M · latest filing 2024-12 · stopped filing after 2024-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/h-m-s-a-employees-14303

Who the members are: federal charter, service (single sponsor), organized 1961. 2,845 members of 4,410 potential (64.5% of the field); checking penetration 35% (share draft accounts per 100 members); loans per 100 members 16.

**Verdict on the desk:** this could be *too clean*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $60.0M |
| Members | 2,845 (-4.6% YoY) |
| Full-time staff | 2 |
| Net worth | $9.1M |
| Net worth ratio | 15.2% (p75 of band) |
| ROA (annualized) | -0.35% (p6 of band) |
| Total delinquency | 0.12% (p10 of band) |
| Net charge-offs (annualized) | 2.45% (p99 of band) |
| Loans / shares | 16% (p1 of band) |
| Cash / assets | 10.5% |
| Borrowings / assets | 0.00% |
| Net interest margin | 1.34% (p1 of band) |
| Operating expense / assets | 1.42% (p2 of band) |
| Vehicles % of loans | 32% (p30 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p24 of band) |
| Vehicle delinquency | 0.00% (p4 of band) |
| Vehicle NCO | 0.31% (p45 of band) |
| Repossessed % of vehicle book | 0.00% (p38 of band) |
| Real estate % of loans | 46% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 16% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 78% |
| Certificates % of member funds | 22% |
| Average share balance | $11,523 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 16% |
| Loans granted per 100 members, annualized | 5% |
| Average loan balance | $17,745 |
| Loans granted, annualized | $2.9M |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **charge-offs p90** (`aq_nco_high`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | net worth falling |  |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 2 | delinquency 2x band, assets shrinking |  |
| 2018-06 | 0 |  | delinquency 2x band, assets shrinking |
| 2018-09 | 1 | assets shrinking |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 2 | members leaving |  |
| 2019-09 | 1 |  | members leaving |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 | delinquency rising | assets shrinking |
| 2020-06 | 0 |  | delinquency rising |
| 2020-09 | 2 | net worth falling, delinquency rising |  |
| 2020-12 | 1 | loan book shrinking | net worth falling, delinquency rising |
| 2021-03 | 2 | members leaving |  |
| 2021-06 | 4 | net worth falling, delinquency 2x band |  |
| 2021-09 | 2 |  | net worth falling, delinquency 2x band |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 3 | assets shrinking |  |
| 2022-09 | 2 |  | assets shrinking |
| 2022-12 | 4 | delinquency 2x band, delinquency rising, assets shrinking | loan book shrinking |
| 2023-03 | 4 |  |  |
| 2023-06 | 5 | losing money |  |
| 2023-09 | 5 |  |  |
| 2023-12 | 5 |  |  |
| 2024-03 | 4 | charge-offs p90 | delinquency 2x band, delinquency rising |
| 2024-06 | 4 |  |  |
| 2024-09 | 3 |  | assets shrinking |
| 2024-12 | 3 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-09-16 [Hawaii State FCU celebrates grand opening of Keʻeaumoku branch - CUInsight](https://news.google.com/rss/articles/CBMirAFBVV95cUxNSXZRNktLVDlVYVgzYXI1N2NzUHMwLWZ0ZnZVSnpsMWV6TnFpMmJmVkk0cnJ4ZkpVNzBhTUluRHNfS2lkVkZORW5FcnVlWXhpbzl6TGZKWnJ3Y2poWXI0Vzh0OU01NTNtbDVXT0FBOGdJNVRNVm5lWGYzV0ZqaHVZYXVBUkt6dFNqZE1FcG14dUhMbkpZRlR0a0tRSUlQeDJMd210Qnc2bUV6TWxs?oc=5) · CUInsight
- 2025-09-16 [Hawaii State FCU opens new branch at HMSA HQ after merger - The Business Journals](https://news.google.com/rss/articles/CBMiogFBVV95cUxQeEJLWnhLalZNN1U5ZE4tNEgxRzNWTk9EM1RJdzRzeWNVYTRNNnB0SWx5R1c1TnNhMUpUYVQ0TVUxNm90NDhTbjRFMGo2Nmk5MlA2RVBienNIRHdXaVpnUHhGdWR6a0R0SEFrX01iWm11UmhmM0g0ejNtNndud0JQNGRVdUJFc19xcUxwVmJsQXNuTFJXZ0luZ0dtVFZCcUJpemc?oc=5) · The Business Journals
- 2024-10-23 [Hawaiʻi State Federal Credit Union announces merger with HMSA Employees’ Federal Credit Union - Maui Now](https://news.google.com/rss/articles/CBMiyAFBVV95cUxNanByQUd0UDFOdDZFN0VtUHp1VE91eElDSnpSa1MwV0w3VGxtMGFadjNtbTl2THFQUlozeDNCMGN6VFh6aW1wbnNKN2h4dElrSEsxSzhMLWh3bEVISnF2d1ZSU3ZiSFhQNEhMWHFDU1V5cGVibHJLdGo2T2Jxby1BanhYS2lOd0w4THBIcUZLQ1JTR3FCUUJ6SHNtVUJyNEplSFdmV1kwZndlcEhEZFlUeXM2WU51M1ZFYzloMWYyRE1VbW1WdHJ5eA?oc=5) · Maui Now
- 2026-01-21 [Hawaii State Federal Credit Union marks 90 years of service in Hawaii - CUInsight](https://news.google.com/rss/articles/CBMirwFBVV95cUxNYjZzVHd0TXloOU9pN0JaaGRzbHhnRktfbjJicHdwaW90TjNJdzJab2NHQThhQzNjdDRtM1JadHJ3RlhnSTlvMmJWSklxTEpNMl83aHhIMEgzXzQ0MEtuVDhqdEI1MkZ3dkxKQnNMQ1JWTXVOdTdzR0tLNHVGaHpIN3BOZHNSU2IxRndkN1lyZU9XMDdNVUZrTkNNYmNVVGVDM3BIRW1DUDIxNnFteUhJ?oc=5) · CUInsight
- 2024-10-23 [Merger of two local credit unions will expand member benefits - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxQaUtqRUxsOWVGVUptWWMzSDFOdGpWRXFyeTdVd2VnZWtJWXRDalF6UWJ2LWRTajdoT1dKZS1WU1ZPU3pRSHh3OGlJVmw3MnNMTUZzY2E1VzdEaW9WVU05bGU3U3h0MXloak9reG1PZ2ZkWThaS0dibnNRZnlVcFlzN05jaGd5S0ZUSEN3eloyNWIwWWk1Sk1HMy1XRGVyazN4aFRTVg?oc=5) · The Business Journals
- 2026-02-26 [Hawaii State FCU chief on how credit union hit $2.8B in assets - The Business Journals](https://news.google.com/rss/articles/CBMilwFBVV95cUxNTFdSTTh1SGlrOHhEVkxpTHZtdk0zMUxLZkw0ekVXYUlBSk5LTTZoSHFsX2hNSlh3ZnhsYUNHMUpReHNBV3QtTTlyMFEyN2NVT3hoeVBNU1ZjUlhEMDhuR0NHNzM1UkxScks1Zmx4QWxsSTBLb2Z4UFBuT1k4aTVDVF94bkNlQ2ZYaDR0c2VxTkEtNFQzRk9F?oc=5) · The Business Journals
- 2025-08-01 [Banking on change, one branch at a time - Pacific Business News - The Business Journals](https://news.google.com/rss/articles/CBMijwFBVV95cUxPd0pkZ0dXMTgwMlpCbzlWMzZiY3NURlNGU0dXbDREd3RHMTVMSUpZUjBzNHFtWlF1R0labkpFNWZLLUxlNUV5enhFQmc4MGJycExPQ2phc0hxWHB0Z25oWXREdG0zaDlTU3JqUGhlaVNPa082LU5Lbm1uRHJJek9US3ZlMnh2QW43cUhaY3JMMA?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=14303 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/31.json (key "14303", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=14303
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide