Hawaii State FCU Announces Merger With HMSA Employees’ Federal Credit Union

(Originally published October 22, 2024)

HONOLULU, HI — Hawaii State Federal Credit Union (Hawaii State FCU) is pleased to announce its merger with HMSA Employees’ Federal Credit Union (HMSA EFCU), following a final member vote on Oct. 15, 2024. This strategic partnership combines the strengths of both credit unions, significantly enhancing services and benefits for members. Upon completion of the merger, Hawaii State FCU’s membership will grow by roughly 2,619 members and add between $50 million to $60 million in assets, solidifying its position as one of the largest credit unions in the state.

“This merger is a significant step forward for both Hawaii State FCU and HMSA EFCU, combining our strengths to better serve our members and communities,” said Andrew Rosen, president and CEO of Hawaii State FCU. “HMSA EFCU has a proud history, and together, we’ll ensure their members continue to receive personalized care while gaining access to enhanced products and services. We’re excited to welcome HMSA EFCU members into our family.”

For now, HMSA EFCU will continue to serve its members online and at their Keʻeaumoku branch, which will remain open specifically for HMSA EFCU members. By late 2025, following the completion of system conversions, HMSA EFCU members will have access to a wider range of financial services, enhanced digital banking tools, an expanded network of branches and ITMs, and additional loan and credit options. The HMSA EFCU Keʻeaumoku branch will then transition to a Hawaii State FCU branch, offering services to both HMSA EFCU and Hawaii State FCU members, providing yet another convenient banking option in the heart of Honolulu.

“HMSA EFCU has always been dedicated to personalized service, and this merger opens the door to even greater opportunities,” said Gloria Omandam, director of HMSA EFCU. “By partnering with Hawaii State FCU, our members will benefit from a wider range of financial services, innovative digital tools, and a larger network of branches, all while maintaining the personal, community-focused experience they’ve come to expect. We’re excited for the future as part of this united credit union.”

The integration of systems will occur throughout 2025, and HMSA EFCU members will receive additional information in the coming months about what to expect from this transition.

For more information about Hawaii State FCU’s products and services, visit www.HawaiiStateFCU.com.

 

 

About Hawaii State Federal Credit Union

Hawaii State Federal Credit Union (Hawaii State FCU) was founded in 1936. Serving state, city and county employees as well as non-profits and select businesses and their families across the state, Hawaii State FCU has more than 120,000 members and $2.3 billion in assets. Hawaii State FCU provides financial advising, checking, savings and loan services on Oahu and Maui. For more information, visit www.HawaiiStateFCU.com.