Honolulu Federal Employees Cu

Description

History and Background Honolulu Federal Credit Union (HFCU) was chartered on December 3, 1936 as a financial cooperative for U.S. Federal Employees employed in Honolulu. It was the fifth credit union formed in what was then the Territory of Hawaii. Today, HFCU has more than 17,000 members with assets of over $220 million, served by nearly 80 employees at five locations and one accounting office.The credit union was chartered as a not-for-profit cooperative, owned and operated for the benefit of its members. While what a credit union does is similar to what a bank does (both make loans and accept deposits), it is why we do it and how we do it that make us different from banks. Credit unions are owned by their members, and any surplus above expenses belongs to its members. Credit unions are run by unpaid volunteers who serve on the Board of Directors and/or Supervisory Committees. The board, in turn, hires a staff to run the day-to-day operations. Credit unions do not have stockholders and are democratically run, meaning each member has only one vote. There are over 10,000 credit unions in America today.HFCU is your "Service First - Credit Union for You." Our mission statement reflects this dedication: "We are committed to provide quality services, products and education to help our HFCU Ohana achieve their financial goals!"

Fact sheet

Company contacts

Companies nearby