Hawaii State FCU Nears 100,000 – Member Milestone

October 26, 2017

HONOLULU — Hawaii State Federal Credit Union (Hawaii State FCU) enjoyed a rise in membership in the third quarter of 2017 that brought it closer to reaching its 100,000-member milestone. Competitive rates, exceptional member service and innovative technology have contributed to record membership growth over the past few years.

The growth in membership is also attributed to the credit union’s forward-thinking introduction of financial products, created specifically to meet the needs of its members. The Combo 100 First Mortgage, launched earlier in 2017, combines a first mortgage with a Home Equity Line of Credit to provide zero-down financing for both repeat and first-time homebuyers. Other programs such as the roof and renovation loan and solar loan help members make needed improvements or invest in energy-efficient features for their home.

In addition to membership growth, this quarter marks the credit union’s 16th straight quarter of loan growth. With more than $829.9 million in home, auto, solar and small-business loans, the state’s largest credit union lender has the distinction of being the fastest-growing credit union in Hawaii.

For the calendar quarter ending Sept. 30, 2017, Hawaii State FCU reported:

  • $829.9 million in loan balances, a 17.8 percent increase compared with $704.3 million from the same quarter last year.
  • $1.52 billion in assets, a 4.1 percent increase compared with $1.46 billion from the same quarter last year.
  • $1.13 million in net income, a 24.7 percent decrease compared with $1.50 million from the same quarter last year.
  • 99,113 total members, a 3.8 percent increase compared with 95,494 from the same quarter last year.

“We strive to provide value to our members with low fees and competitive rates, and our membership growth is a direct result of products and services that meet our members’ needs,” said Andrew Rosen, president and CEO of Hawaii State FCU. “Moving into the final quarter of 2017, we’re looking forward to the launch of our redesigned website, which will focus on empowering members — and nonmembers — to make educated 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