Hawaii Schools Federal Credit Union

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Free Credit Reports for Members

Members can now request credit reports free!

Consumers statewide, including members of Hawaii Schools Federal Credit Union, can now request a free copy of their credit report once every 12 months. As part of the recently-passed Fair and Accurate Credit Transactions (FACT) Act and in an effort to thwart identity theft attempts against consumers, the nation's top three credit reporting agencies, often called 'credit bureaus,' will provide consumers with a credit report at www.annualcreditreport.com.

The Federal Trade Commission (FTC) is charged with enforcement of the FACT Act and has prepared information outlining how the FACT Act affects consumers. For more FTC information on this subject, go to http://www.ftc.gov/credit.

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.