In Review: Hawaii Community Federal Credit Union

Mahalo: A review of HCFCU, a local credit union that has been serving the Hawaiian communities on Big Island honorably since 1936.


By: Allan R. Kirby


In Review: Hawaii Community Federal Credit Union, Island of Hawaii (Big Island).  Reviews from HCFCU yelp, google reviews. Hilo Branch 111 Aupuni St. Hilo, HI 96720, 73-5611 Olowalu St. Kailua-Kona, HI 96740 #hawaii #bigisland

We review Credit Unions:


Mysmallbank.com feels compelled to find the best credit unions and community banks to write a small review. These reviews are to help you learn more about community banks, possibly one that's in your area that you might be interested in. In this review we are choosing the following local Credit Union:

Name: Hawaii Community Federal Credit Union

Location: Island of Hawaii (Big Island).

Headquartered: Kailua Kona.

Contact Information: (808) 930-7700, Toll-Free: (800) 514-2328.

Branches: 6.

Year Established: 1936. (Read more about the history of HCFCU at the end of this article.)



Review:


Hawaii Community Federal Credit Union (HCFCU) is a six-branch full-service bank that serves the Island of Hawaii (Big Island). Our decision to name HCFCU, Excellent Choice Credit Union, was based on our own research on reviews, services offered as well as their commitment to their membership and the communities they serve. What we found was a great community credit union that provides many products and services such as Personal Banking, Loans, and Credit Cards. One unique service we particularly liked was the Vacant Land & Construction Loan designed to help members with ownership. We also found the credit union periodically provides special offerings such as the new auto loan rates, as low as 1.99% APR!. We love these types of deals as it shows how competitive credit unions can be with their loan offerings.


"Want to learn more about HCFCU read the quarterly issue of Owners Count here"

In fact, HCFCU continually provides very competitive loans rates with flexible terms to members such as;


Mortgage Loans as low as 2.633% APR.

New Auto Loans at 3.00% APR.

Credit Card coming in at 7.90% APR.


Note: APR = Annual Percentage Rate. APR will be based on creditworthiness and length of repayment. Rate subject to change without notice.


About Hawaii Community Federal Credit Union


Looking at Hawaii Community Federal Credit Unions' (HCFCU) size, it currently has close to $715 million in assets, 6 branches, and over 44,000 members. ibanknet. The credit union was founded in 1936 and is headquartered in Kailua Kona, Big Island, Hawaii.


We will now provide you some additional highlights of Hawaii Community FCU credit unions' products and services:

Supports Small Business:

One important aspect credit unions is their ability to use their deposits to make loans to local businesses, which is economically important and ensures the viability smaller communities. Hawaii Community Federal CU does not disappoint as they also understand the importance of supporting local businesses on Hawaii Island. The credit union provides business loans that are;

  • Flexible to meet the businesses plans.

  • Provide affordable rates.

  • Ensures quick approval and closings.

Small Business Loans provided include:

  • Business Loans

  • Business Letters of Credit

  • Small Business Line of Credit

Personal banking: Free Checking Account


Finally we wanted to highlight the HCFCU's free checking account, which will meet all of your basic banking needs. The account provides:


No minimum balance requirements.

No monthly servcie fee.

Includes access to all e-services.


Excellent Choice Credit Union:


We were pleased with HCFCU's commitment to providing a great array of financial services to its members, unfortunately, we simply could not highlight everything such as their best price discounts on vacations, Community Seminars and Youth Finances. But we believe Hawaii Community Federal CU has clearly shown they are a great full-service Credit Union. This is why Mysmallbank.com believes Hawaii Community Federal Credit Union is well deserved to receive the designation of Excellent choice, Credit Union [2]. So if you're looking for a great community-based credit union and you live or plan to live on Big Island, Hawaii this could be a great financial institution for you.


Finally, we found that the Hawaii Community Credit Union is a federally insured credit union through NCUA [1].

Who is Eligible:


As per their website: To become a member of Hawaii Community Federal Credit Union:

  • Individuals who live, regularly work, worship, attend schools or perform volunteer services on Hawaii Island; and members of their immediate families or household and organizations of such persons.

  • Any business and other legal entities located on Hawaii Island.

  • Immediate family members of a natural person member or potential member may join the credit union even if they do not live, regularly work, worship, attend schools or perform volunteer services on Hawaii Island.

  • Immediate family members are defined as grandparents, parents, step-parents, spouse, siblings, step-siblings, children, adopted children, step-children,, and grandchildren of the natural person member or potential member.

  • Membership is open to persons who reside in the same “household” as a current member even if the residence is located outside Hawaii Island.

  • "Household" is defined as persons living in the same home and who maintain a single economic unit. This includes any family members, domestic partners, foster children,, and legal guardian relationships.

Apply Now to become a member.

The following provides additional information on Hawaii Community Federal Credit Union services, branches, and hours of operation.


Services Offered:


Full-Service Credit Union: Yes

Hawaii Community Federal Credit Union Routing Number: 321379818


Personal Banking:


Checking

Savings

Retirement


Credit Union Loans:


Auto Loan

Mortgage Loan

Home Equity Line of Credit

Personal Loan

Education Loan


Hawaii Community Federal CU Credit Cards: Visa


Credit Union Online

Online and Mobile Banking: Yes


HCFCU Branch Locations:


Hilo Branch

111 Aupuni St. Hilo, HI 96720

Phone: 808-930-7700 Toll-Free: 800-514-2328


Lobby Hours

Mon. - Thu.: 8:30 a.m. to 4:30 p.m. Fri: 8:30 a.m. to 5 p.m. Sat.: 8:30 a.m. to 12 p.m. Kupuna Service Mon. - Fri.: 8:30 a.m. to 9 a.m.


Drive-Up Hours

Mon. - Thu.: 8:30 am to 4:30 pm Fri: 8:30 am to 5 pm

Honoka'a Branch


45-690 Pakalana St., Suite A Honoka'a, HI 96727

Phone: 808-930-7700 Fax: 808-930-7493 Toll-Free: 800-514-2328


Lobby Hours

Mon. - Thurs.: 8:30 a.m. to 4:30 p.m. Fri.: 8:30 a.m. to 6 p.m. Kupuna Service Mon. - Fri.: 8:30 a.m. - 9 a.m.

Kailua-Kona Branch


75-159 Hualalai Road Kailua-Kona, HI 96740

Phone: 808-930-7700 Fax: 808-329-9288 Toll-Free: 800-514-2328


Lobby Hours

Mon. - Thurs.: 8:30 a.m. to 4:30 p.m. Fri.: 8:30 a.m. to 6:00 p.m. Sat.: 8:30 a.m. to 12 p.m. Kupuna Service Mon. - Fri.: 8:30 a.m. to 9 a.m.


Drive-Up Hours

Mon. - Thurs.: 7:30 a.m. to 5:00 p.m. Fri.: 7:30 a.m. to 6:00 p.m.

Kaloko Branch


73-5611 Olowalu St.

Kailua-Kona, HI 96740


Phone: 808-930-7700

Fax: 808-930-7679

Toll-Free: 800-514-2328


Lobby Hours

Mon. - Thu.: 8:30 a.m. to 4:30 p.m.

Fri.: 8:30 a.m. to 6 p.m.

Sat.: 8:30 a.m. to 12 p.m.

Kupuna Service Mon. - Fri.: 8:30 a.m. to 9 a.m.


Drive-Up Hours

Mon. - Thu.: 7:30 a.m. to 5 p.m.

Fri.: 7:30 a.m. to 6 p.m.

Kealakekua Branch


81-6631 Mamalahoa Highway

Kealakekua, HI 96750


Phone: 808-930-7700

Fax: 808-322-6537

Toll-Free: 800-514-2328


Lobby Hours


Mon. - Thurs.: 8:30 a.m. to 4:30 p.m.

Fri.: 8:30 a.m. to 6 p.m.

Kupuna Service Mon. - Fri.: 8:30 a.m. to 9 a.m.

Kohala Branch


PO Box 39

54-396 Union Mill Road

Kapaau, HI 96755


Phone: 808-930-7700

Fax: 808-930-7463

Toll-Free: 800-514-2328


Lobby Hours

Mon. - Thurs.: 8:30 a.m. to 4:30 p.m.

Fri.: 8:30 a.m. to 6 p.m.

Kupuna Service Mon. - Fri.: 8:30 a.m. to 9 a.m.

Contact:


Phone Numbers

Main Number: (808) 930-7700 Toll-Free: (800) 514-2328 TTY: (808) 329-8192


Lost/Stolen VISA®

During Business Hours: (808) 930-7700 After Hours: (833) 933-1681


Mailing Address

73-5611 Olowalu Street Kailua Kona, HI 96740

History of Hawaii Community Federal Credit Union:


Hawaii Community Federal Credit Union has been around since the Great Depression, in fact as noted on their website, The Credit Union was formed by ten struggling coffee farmers in the midst of the Great Depression after banks refused them loans and services. The Kona Farmers Federal Credit Union started as a one-room operation to support their needs for loans and additional financial services. Within three years the Credit union had expanded to include members of the local community and this is when (1939) they changed the name to the Kona Community Federal Credit Union.


Kona Community Federal Credit Union then merged with Kohala Federal Credit Union in 1982, further expanding their foothold on Hawaiian Island. Finally, in 1992, the credit union changed its name to become Hawaii Community Federal Credit Union, a name still used today. The Credit Union has continued to expand its membership while also supporting the community they serve. Today HCFCU has over 44,000 members and over $715 million in Assets; ibanknet.