HONOLULU – Hawaii State Federal Credit Union (Hawaii State FCU) has been granted approval to expand its market area to include select employee groups such as businesses associations and non-profits. The membership expansion went into effect June 1.
Hawaii State FCU fields of membership include Hawaii State, Honolulu City & County and Maui County employees.
The charter change will allow Hawaii State FCU to serve members beyond just State and City & County employees. The National Credit Union Administration (NCUA) approved the expansion in April and it was adopted by the credit union’s board of directors in May.
Member prospects will be assessed by Hawaii State FCU’s business development group for qualification requirements including employee size and industry. Once a business, association or non-profit organization becomes a member, all employees and members are eligible to join the credit union and will remain a member indefinitely.
“We are here to help the hardest working people in our state by opening our services to Hawaii businesses,” said Andrew Rosen, president of Hawaii State FCU. “We take pride in being a trusted financial partner for members throughout their life events. This charter expansion offers us the opportunity to provide practical financial solutions to even more people in the state.”
New members will have access to the same better loans and loan values and share rates current Hawaii State FCU members have enjoyed for years. They’ll also have access to a wide reach of branches and automated teller machines (ATMs.) There will be no impact or changes for current members who will always have access to free convenient services some banks charge for such as American Express travelers checks, notary service, signature guarantee service, teller checks, money orders and a monthly member newsletter for up-to-date news on the latest financial information.
Membership is currently open to non-active and retired employees of the State of Hawaii, City and County of Honolulu, Maui, Hawaii Island and Kauai counties, employees of Hawaii State FCU, eligible member spouses of persons who died while within the field of membership and immediate family and household members of all persons listed. For more on eligibility and to sign up as a member visit: www.hsfcu.com.
Over the last six months, Hawaii State FCU elected a new board of directors, strengthened its management team, improved its technology with a significant online banking upgrade including mobile banking and enhancement of online security, expanded its geographic reach to Kaneohe and Kapolei and has taken on new sponsorship opportunities.
Hawaii State Federal Credit Union (Hawaii State FCU) was founded in 1936. Serving state, city and county employees and their families across the state, Hawaii State FCU has more than 77,000 members and holds more than $1.3 billion in assets. Hawaii State FCU provides financial advising, checking, savings and loan services at seven branches throughout Oahu and one in Kahului, Maui. For more information, please visit:www.hsfcu.com.