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Our History |
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Hawaii Schools Federal Credit Union was founded on November 5, 1936 then as Oahu Teachers No. 2 Federal Credit Union by ten educators. These pioneering educators sought to form an institution where they could save money in a safe place as well as an institution from which they could borrow money at fair rates. Hawaii Schools FCU, founded as Oahu's first, was established to serve the needs of middle school teachers in the metropolitan Honolulu. Over the years Hawaii Schools FCU expanded its products and services to become a full-service financial institution. In 2000, our Board of Directors approved a two-fold change in our membership focus. First, our membership charter was updated so that we could welcome as members, all Department of Education teachers in the State of Hawaii, as well as all Department of Education employees, students, and families. Then to signify our broadened approach, our name was changed to Hawaii Schools Federal Credit Union. Today, Hawaii Schools FCU ranks as the eleventh largest credit union among our peers on Oahu and we continue to offer contemporary financial solutions for our members. Our Board of Directors meets regularly to discuss how Hawaii Schools FCU can continue to improve the ways it meets the needs of its members. |
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NOTICE OF CHANGES TO TEMPORARY NCUA INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS. All funds in a "noninterest-bearing transaction account" are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA’s general share insurance rules. The term "noninterest-bearing account" includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal ("NOW") account, moneymarket deposit account, and Interest on Lawyers Trust Account ("IOLTA"), even if share drafts may be drawn on the account. For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov. |
