Hawaii State FCU offers full financial services to the community

Sponsored by Hawaii State Federal Credit Union

International Credit Union Day is an annual celebration of credit unions and their contributions to those they serve. Credit unions were created to support underserved communities and assist people in times of a crisis. During the pandemic, Hawaii’s credit unions took the initiative to help the community when it needed it the most. Hawaii State FCU organized two major food drives over the last 18 months and collected over 5 tons of food while donating over $100,000 to the Hawaii and Maui foodbanks.

When the pandemic hit, many small local businesses were forced to shut down. Hawaii State FCU helped the City and County of Honolulu distribute over 173 million dollars in small business grants to thousands of businesses across the state.

Many believe that credit unions have limited products and services, but President and CEO of Hawaii State FCU Andrew Rosen says they’re a one-stop financial institution. They offer all the services regular banks do including checking and savings accounts, mortgage loans, and long-term financial advice! A major difference between regular banks and credit unions is that credit unions are owned and operated by its members. Being a not-for-profit financial cooperative means that their goal is not to pad the pockets of shareholders, but to serve and provide quality financial services and education.

Hawaii State FCU partners with over 300 businesses across the state. “If you work in any of those companies, or you’re a member of any of those organizations, you’re eligible for membership,” says Rosen. In the next 6 months, Hawaii State FCU plants to open four more locations in Safeway’s across Oahu and Maui. They’re also building a new headquarters that will house their new state-of-the-art branch!

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