Why Join HawaiiUSA
Why Credit Unions?
Credit unions are financial institutions formed by an organized group of people with a common bond. Members of credit unions pool their assets to provide loans and other financial services to each other. Credit unions are nonprofit cooperatives that value people before profits. Credit unions are also a safe place to save your money. The National Credit Union Administration, an agency of the Federal government, insures credit union deposits. See how your accounts are federally insured here.
Credit unions differ from other banks in several ways:
|Credit Unions || |
Other Financial Institutions
|Not-for-profit cooperatives ||Owned by outside stockholders |
|Owned by members ||Owned by outside stockholders |
|Operated by mostly volunteer boards ||Controlled by paid boards |
These factors allow credit unions to pay dividends to their members (not shareholders) and offer them lower loan rates, higher savings rates and fewer service fees.
The National Credit Union Administration (NCUA) is the federal agency that charters and supervises federal credit unions. They also insure savings in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government.
If you are looking for better value, look no further than HawaiiUSA FCU.