What Is A Credit Union
A credit union is a non-profit financial cooperative owned and operated by its members. As a financial cooperative, members of the credit union pool their assets to provide each other with favorable yields on savings products and competitive rates on loan products, as well as many other financial services and products designed to meet members' changing financial needs.
As a financial cooperative, credit unions differ from other financial institutions in several ways. Credit unions:
- Are owned and operated by its members, who share a common bond;
- Are not-for-profit and return excess earnings to members in the form of dividends, rather than passing on profits to stockholders; and
- Are committed to the ideal of "people helping people" and strive to further social responsibility.
Hawaii State Federal Credit Union
Hawaii State Federal Credit Union is a not-for-profit financial cooperative owned and operated by its members, who are state employees, their immediate families and household members, and family of existing HSFCU members.
Since its founding in 1936, Hawaii State FCU has grown to be one of the state's largest credit unions offering a full range of financial services such as: a dividend-earning checking account; high-dividend savings; IRAs; mortgage loans; home equity lines of credit; credit and debit cards; and some of the lowest auto and personal loan rates around.
Knowing how busy your lives are, the credit union has also made it convenient to do business with us. Members can easily access their credit union accounts and conduct transactions 24-hours a day, 7-days a week, 365-days a year through the use of Private Line (bank-by-phone), or by logging-in to Hawaii State FCU's free Online Banking system featuring free, unlimited online bill pay.
In addition to Hawaii State FCU's eight branches, the credit union also belongs to the Hawaii Network, a shared-branch service of over 30 other credit union locations, statewide. Hawaii State FCU members can conveniently visit a participating Shared Branch credit union near their place of work or home and conduct basic credit union transactions. Visit www.hicuso.com for an updated listing of shared branch locations.
Funds deposited with Hawaii State FCU are insured for up to a maximum of $250,000 by the National Credit Union Share Insurance Fund (NCUSIF) and guaranteed by the full faith and credit of the National Credit Union Administration, an independent agency of the United States government.
Click here for our current corporate fact sheet