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Pacific Corporate FCU At-a-glance

FOM: Serves Hawaii and the Guam Territories Member CUs: 103 (as of year-end 2000) Assets: $420 million (as of Sept. 30, 2001) Capital ratio: 9.3% (as of August 30, 2001) President/CEO: Rand Yamasaki Recent news: At NCUA's November Board meeting PacCorp was granted a waiver to Section 704.6(c)(3) of NCUA's...

By Staff Writer | Updated on November 27, 2001

FOM: Serves Hawaii and the Guam Territories Member CUs: 103 (as of year-end 2000) Assets: $420 million (as of Sept. 30, 2001) Capital ratio: 9.3% (as of August 30, 2001) President/CEO: Rand Yamasaki Recent news: At NCUA’s November Board meeting PacCorp was granted a waiver to Section 704.6(c)(3) of NCUA’s Rules and Regulations, allowing it to invest in excess of 100% of the sum of reserves and undivided earnings and paid-in-capital in non-wholesale corporate CUs. “We will be able to invest in other corporates to seek higher returns than from U.S. Central and Southwest Corporate. Currently the reg restricts us to one single obligator up to 100% (of RUDE),” said Yamasaki.

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