Log-In to AccessLine
Apply for a Loan!
Serving Hawaii




Look to our InfoDesk for the latest advisories and alerts that affect you!  Whether it's information about a systemwide event or help with avoiding fraud, our InfoDesk is where you can turn for trustworthy, up-to-date information from your Aloha!


Of course, if you've got some common questions about credit unions, feel free to visit our Frequently Asked Questions (FAQ) list.  If there's something we haven't covered and you need personalized service, call us from Oahu 841-6836 or Toll-Free 800-282-0212, or e-mail us to let us know!



Current Advisories & Warnings:


  None at this time.

We Explain the Common Myths About Credit Unions



Myth:  Credit unions are a 'poor man's bank.'  Fact:  Not true.  In 2010, out of Hawaii's population of 1.3 million people, 810,000 individuals are credit union members.  That's more than 59% of Hawaii's entire population belonging to and utilizing the services of a credit union.



Myth:  Credit unions are just like banks; So why switch?!  Fact:  While credit unions offer many of the same products that banks do, the biggest difference between both types of institutions is that credit unions answer to their members, who are also considered their shareholders.  While for banks, they answer mostly to outside shareholders who own stock in the bank, which many times is not representative of the customers being served by that particular bank.



Myth:  Credit unions aren't regulated.  Fact:  The faithful federal civil servants who work to regulate credit unions every day would probably disagree wholeheartedly.  Credit unions are regulated by the National Credit Union Administration (NCUA), which is the credit union equivalent to the Federal Deposit Insurance Corporation (FDIC) that regulates banks.  Credit unions also, regardless of which government agency regulates them, must follow all federal laws applicable to the products they offer such as savings accounts, loans and lines of credit, and many other financial services.



Myth:  My money might not be safe with a credit union; Credit unions aren't insured.  Fact:  Dead wrong.  The NCUA administers a fund for credit unions in much the same way the FDIC administers a fund for banks, except credit union insurance is self-funded while still being backed by the full faith and credit of the United States government.  Like with banks, credit union member funds are federally-insured for at least $250,000.  In the entire history of the NCUA's fund, a credit union member has never lost a single penny of his or her funds kept with a credit union.



Myth:  I've got one bank or one credit union, I don't need more.  Fact:  Many households in Hawaii have accounts with multiple credit unions to enjoy certain benefits of one credit union that another may not offer.






Federally insured by NCUA


Near Honolulu Airport
550 Paiea Street, 1st Floor
Honolulu, HI 96819


Hosting by Harland Financial Solutions, Inc.  Copyright © Harland Financial Solutions, Inc.  All Rights Reserved.