What Is A Credit Union?

A credit union is a not-for-profit financial cooperative, owned and operated by its members. Members pool their assets to receive favorable yields on shared (savings) products and competitive rates on loan products, as well as other financial services and products designed to meet members' changing financial needs.

Credit unions differ from other financial institutions in several ways:

  • Owned and operated by our members, who share a common bond
  • Not-for-profit and return excess earnings to members in the form of dividends, rather than passing on profits to stockholders
  • Committed to the ideal of "people helping people" and strive to further social responsibility

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 (NCUA), an independent agency of the United States government.