Hawaii State FCU Ends Third Quarter of 2018 Strong

October 23, 2018

HONOLULU — Hawaii State Federal Credit Union (Hawaii State FCU) experienced growth across the board in the third quarter of 2018 and also enjoyed its 20th consecutive quarter of loan growth, maintaining its position as the state’s No. 1 credit union lender.

As of Sept. 30, 2018, Hawaii State FCU reported:

  • Loans increased by $106.2 million (12.8 percent) over the previous year to $936 million for the 12 months ending Sept. 30, 2018.
  • Assets increased $58.3 million (3.8 percent) to $1.579 billion for the 12 months ending Sept. 30, 2018.
  • Year-to-date net income was $9.3 million, an increase of $4.9 million (112.1 percent) over the previous year.
  • Membership grew by 6,229 (6.3 percent) over the previous year to 105,342 for the 12 months ending Sept. 30, 2018.

As a not-for-profit financial cooperative that prides itself on offering members better rates and lower fees, Hawaii State FCU is continuously looking for ways to give back to its 100,000-plus members to help them save and earn more money.

“Credit unions worldwide last week celebrated International Credit Union Day, but we have something to celebrate every day,” said Andrew Rosen, president and CEO of Hawaii State FCU. “We’ve enjoyed a record 34 percent increase in membership over the past five years and we attribute this accelerated growth to members recognizing the value we provide, from better rates and lower fees, to the free resources and tools to help them make smarter financial decisions.”

 

Back to Top
Third Party Site Disclaimer

We may provide links to external websites that refer to third party services and products available to Hawaii State FCU members, for enrollment in Hawaii State FCU financial education webinars, or other purposes. Please review the terms and conditions of use carefully. We do not make any express or implied representation or warranty to you concerning the quality, safety or suitability of external websites, or their services, products, or contents. External websites are not under our control and may have different security, privacy and other. Using the links may identify you as a Hawaii State FCU member to the external website operator.  Services and products from third parties are not obligations of, nor endorsed or guaranteed by, Hawaii State FCU nor the National Credit Union Share Insurance Fund.  Alternative services and products may be obtained from other providers of your choice.

Click “ACCEPT” to enter an external website. Click “Cancel” to return to HSFCU’s website.

Please remember to log off of Online Banking and Mobile Banking before going to any external website.

Cancel Accept