Contents

2013 Holiday Edition eNewsletter

Visa® Platinum Credit Card Balance Tranfer Promotion!

Visa® Platinum Credit Card Balance Transfer Promotion! Start off the New Year right by consolidating your post-holiday bills into one easy payment with the HawaiiUSA Visa® Platinum Credit Card. Transfer your non-HawaiiUSA credit card balances between January 1, 2013 through March 31, 2013 and receive a low balance transfer promotional rate until November 2013.

Transfer Your Balance Today

For more information about our exciting Visa® Platinum Credit Card promotion visit us at any of our branches or at hawaiiusafcu.com.

HawaiiUSA Visa Business Credit Card Account holders are not eligible for this balance transfer promotion. Offer may end at any time. Membership guidelines apply. Federally insured by NCUA. *Charitable Benefits: Use of the HawaiiUSA Visa® Pink Platinum Credit Card results in donations to charity. HawaiiUSA FCU will donate 0.10% (10 cents for every $100) of all net Purchases (less returns) made with the Card. HawaiiUSA FCU will donate up to $20,000 of net purchases annually. HawaiiUSA FCU has designated the Making Strides Against Breast Cancer® program of the American Cancer Society as the current charitable recipient. HawaiiUSA FCU reserves the right to change the charitable recipient or to terminate the program at any time. No change will affect donations previously made. For information on breast health information, visit www.cancer.org/stridesonline. **The CURewards Points Program is available for specified accounts only.

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A Season of Giving

During the 4th quarter of 2012, HawaiiUSA’s community give-back program focused on our kupuna. The staff and management of HawaiiUSA hosted a Thanksgiving Luncheon for 200 kupuna from the Lanakila Multi-Purpose Senior Center and delivered holiday cheer to kupuna at the Hale Mohalu Senior Apartments and the Wahiawa Kupuna Wellness Center. It was a time for food, fun and festive fellowship for all.

In 2012, HawaiiUSA, its foundation and committed staff, management and members donated over $100,000 to deserving non-profit organizations. In addition, nearly 2,000 staff volunteer hours were dedicated to serving various organizations.

      

      

Some of the non-profit organizations HawaiiUSA FCU supported in 2012 included:

Aloha United Way
American Heart Association
American Diabetes Association
Big Brother Big Sisters
Child and Family Services
Easter Seals
Hawaii Foodbank
Hawaii HomeOwnership Center
Making Strides Against Breast Cancer
March of Dimes
Special Olympics of Hawaii

We look forward to remaining committed to the communities we serve in 2013!

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Mobile Banking Kicks Off February 1, 2013!

Mobile Banking

We are happy to announce that Mobile Banking* is here! At HawaiiUSA you’ll soon be able to enjoy the convenience of Mobile Banking anywhere, anytime right from your mobile device. Check your balances and transactions, pay your bills, transfer funds, and more while on the move. It all starts February 1, 2013. Visit hawaiiusafcu.com to learn more about HawaiiUSA Mobile Banking.

*Mobile banking is free to all HawaiiUSA Online Banking members. An internet-enabled device is required to access the HawaiiUSA Mobile Banking App and Website. You must be enrolled in HawaiiUSA Online Banking to access mobile banking. Enrollment in HawaiiUSA Bill Pay is required to access any bill payment services on mobile banking. Standard messaging and data usage fees apply. Please contact your carrier for details. Your mobile device must be registered through the Mobile Banking Service enrollment process.

 

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Home Equity Line of Credit

Home Equit Line of Credit

*Annual Percentage Rate.The initial discounted Annual Percentage Rate (APR) of 1.75% (“the Initial Rate”) will be effective for the first 24 months from the date the Home Equity Line of Credit account is opened (“the Initial Discounted Period”). Offer is valid for applications received between 02/01/13 through 03/31/13 that fund by 04/30/13. To receive the Initial Rate, an initial draw of at least $20,000 in new monies must be advanced at opening, and you agree to (i) not close your credit line prior to the first anniversary of the opening date and (ii) maintain the account balance less normal monthly payments for a period of six-months from opening. The Initial Rate is not available to anyone with any HawaiiUSA FCU home equity line of credit that was open prior to 02/01/13 or when paying down or paying off any existing HawaiiUSA FCU loan. After the Initial Discounted Period, the APR may vary on a quarterly basis on the statement cycle date of February, May, August & November. The APR will be equal to the index, which is the weekly average yield on US Treasury Securities adjusted to a constant maturity of one year, plus a margin of 2.50%, rounded up to the nearest 0.25%. The current index is 0.14% as of 02/01/2013. The current non-discounted fully indexed variable APR as of February 1, 2013 is 4.00%. The rate cannot increase or decrease more than 1.00% at each quarterly rate adjustment but may exceed that for the single adjustment at the end of a promotional discounted rate period. In no event will the APR be less than 4.00% of the floor rate, nor higher than 18.00% or the maximum permitted by law, whichever is less. HawaiiUSA FCU charges no credit union closing cost; however, you will be required to pay certain fees to third parties at closing that may range from $0 - $1,500. These fees if required include, but are not limited to, title insurance ($125-$300), escrow fees ($200-$500) recording fee ($25-$55), trust review and trust documentation ($155-$400), mortgage or other document preparation fees ($125-$175), and property evaluation ($65-$100). We will use a property evaluation to determine the property value. If the value is not sufficient, an appraisal will be required at your expense with the estimated cost varying from $500 to $1,500 depending on the property. When an initial draw of a minimum $20,000 or more new monies is advanced at opening, certain third party fees may be waived** when you agree to (i) not close your credit line prior to the first anniversary of the opening date and (ii) maintain the account balance less normal monthly payments for a period of six-months from opening. Hawaii properties must be fee simple and owner occupied to qualify. Maximum loan amount is lesser of $200,000 or up to 80% of your home value. Higher LTV programs available with price adjustments. HELOC has a 5-year draw period with a 15-year amortized repayment (principal and interest payment). Minimum monthly payment is $150. You must carry fire, hurricane & flood (if applicable) insurance on the property that secures the credit at homeowners’ expense. No annual fee or prepayment penalty. HawaiiUSA FCU membership is required (minimum $5 share account). Program subject to change or discontinuation without notice. **Fees waived include valuation assessment, title insurance, recordation, credit report and flood certification/tracking.

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New Year's Resolution for Retirement Planning

Retirement Planning

For most of us, retirement will not include a pension and social security will not be able to provide enough income. So, the quality of your retirement is up to you. Much like dieting, it requires a realistic plan, a commitment to success, and consistent execution.

The first and best option for most people is to maximize participation in your employer’s retirement plan, if possible. If the plan has an employer match, you have a guaranteed return before you invest. You can save up to $17,500 in these plans in 2013 and up to $23,000 if you are over 50. Contributions to these plans are pre-tax and grow tax-deferred.

Traditional IRAs allow you to get a tax deduction and are a great option for many people. Contribution limits are up to 100% of earned income or $5,500, whichever is less. If you are over 50, the limit is $6,500.

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor.  Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. HawaiiUSA Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

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Your Business' Success is Important to Us

Bussiness Success

The economy is improving and interest rates remain at historic lows. If you are ready to grow your business, HawaiiUSA is here to help. We offer secured and unsecured loans and a Business Platinum VISA Credit Card designed specifically for businesses. Whether you need equipment purchases, individual or fleet vehicle financing, commercial real estate loans, apartment building financing or lines of credit, HawaiiUSA’s loan programs are designed to meet your various needs. With competitive fixed or variable interest rates, flexible loan terms and no pre-payment penalty, HawaiiUSA is a smart business decision. Our Business Loan Officers are happy to consult with you to structure a loan tailored to your situation. Ask for a business loan officer at 534.4300 or toll free (800) 379.1300.

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College Educational Financing

The cost of a college education can be daunting even with the help of federal loans, grants and scholarships. Let HawaiiUSA’s CU Student Choice private educational line of credit help you to meet that financial challenge. Payment choices include a full deferment while in-school on a half-time or better status up to a five year period.

Applications begin from late May and you will receive a response within minutes of completing the full application process. Applications are taken through our website, and the requested amount should be for the full school year. HawaiiUSA’s CU Student Choice is a certified program designed to only consider the cost of education less any educational loan, grant, scholarship or waivers. Funding will be made directly to the school.

For more information, visit us at hawaiiusafcu.com.

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Tips for a Financially Healthy Family

  • Commit yourself to spending within your means. A line of credit should never be confused with an emergency fund or extra income.
  • Track spending, identify expenses that can be reduced or eliminated, and take immediate action.
  • Communicate the family finances regularly with your immediate family members.
  • You are the single greatest role model in your child’s financial education. They will remember everything, from arguments about money to how you deal with debt. Teach good habits now.
  • Expect and prepare for emergencies, ideally six month’s worth of expenses in a liquid account.
  • If housing costs are too high, consider temporarily downsizing, renting, or home-sharing with friends or family members.
  • Remember - you are not being “cheap” by saving a few dollars. You are doing it for the well-being of your family over the long term, and will come out ahead by doing so.
  • Pay for unreimbursed medical expenses and dependent care with pretax dollars using a flexible savings account.
  • Get professional assistance and support. Contact BALANCE for free financial counseling to help you prioritize your expenses and understand debt repayment options.

Call BALANCE toll-free at (888) 456.2227 or visit www.balancepro.net.

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HawaiiUSA Credit Protection Plan

Our HawaiiUSA Credit Protection Plan (HCPP) was created by our credit union, exclusively for our members. HCPP cancels your loan payments if you get disabled or involuntarily become unemployed. Loss of Life coverage cancels your loan balance (up to the contract maximum) if you die so your spouse can keep that car or pay off that debt consolidation loan without having to worry about how they will make the loan payment with one income. Many people are skeptical whether these types of programs really pay claims. HCPP has helped many of our members.

Listed below are the number of claims HCPP has paid out since inception from August 1, 2005 to October 31, 2012.

HCPP Number of Benefit Payments Total Claims Paid
Disability 536 $682,365
Involuntary Unemployment 338 $437,775
Loss of Life 57 $466,443


If you are planning to make a new loan at our credit union, ask how you can protect your loan with HCPP at 844.8279 or toll-free at (800) 379.1300.

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TurboTax

It's Your Money - Keep More of it with TurboTax

TurboTax puts the power in your hands to keep more of your hard earned money, with the peace-of-mind of knowing you have experts in your corner every step of the way. As a HawaiiUSA member, you can save on TurboTax® federal products.

To get strated, visit hawaiiusafcu.com.

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Professional Support Stipends

Applications are now available for our Department of Education professional and para-professional educators. Reimbursement amounts:

Postmark dealine:
February 28, 2013

Form more information, visit us at hawaiiusafcu.com/stipend.

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Security Blanket of Cash

Gear up for the New Year with a ready source of funds to cover your needs. Sign up for HawaiiUSA’s Signature Line of Credit for that security blanket of available cash. There are no fees or charges until you use it, and you have access to the funds anytime you need it. The low minimum monthly payment makes it ideal for emergencies and can provide the time needed to clear the advances without hurting your monthly cash flow. With limits of up to $15,000, this ready cash reserve could be your ticket to making life matter whenever the need or desire arises. For more information, call us at 534.4300 or visit any one of our convenient branches.

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Scholarship Applications Now Available at All Branches!

HawaiiUSA scholarship applications are now available! Nine (9) $2,000 scholarships will be awarded to graduating high school seniors and six (6) $2,000 scholarships will be awarded to college students. Scholarship applications are also available at hawaiiusafcu.com/scholarship.aspx. Scholarships will be awarded for the 2013-2014 academic school year based on Academic Standing, Leadership, Honors and Awards, Community Service, Merit, Recommendations & Financial Need.

Eligibility Requirements
Applicants must be a HawaiiUSA member for at least twelve (12) consecutive months prior to applying, in good standing, and presently a high school senior or attending an accredited institution of higher education.

Deadline
Completed application, two (2) letters of recommendation and transcripts MUST all be postmarked no later than February 20, 2013 and mailed to:

HawaiiUSA FCU · Attn: Scholarship Committee
1226 College Walk · Honolulu, HI 96817-3995

A hand-delivered application will not be accepted. Applications postmarked after the deadline will NOT be reviewed. The Scholarship Committee will review and evaluate each application before final selections are made. Scholarship Program Committee selections will be final. Applicants will be notified of results no later than April 22, 2013. A reception will be held on May 4, 2013 for all awardees.

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HawaiiUSA 2013-2014
Board of Director Nominations

The Nominating Committee of the Board of Directors for HawaiiUSA has nominated three (3) members to fill three (3) vacancies for the 2013-2014 Board of Directors. The following members, listed in alphabetical order, have been nominated:

Harlan Y. Kimura   ·   Liberato C. Viduya, Jr.   ·   Albert S. Yoshii

No member from the general membership submitted a qualifying nomination by petition. As such, no mail ballot will be conducted for these positions. The above named individuals will be declared elected at our Annual Meeting to be held on Tuesday, February 26, 2013 at 5:45 p.m. at our Main Office.

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76th Annual Dinner Celebration

Annual Dinner

Download PDF Version of Newletter for reservation form.

Mail reservation form, a self-addressed, stamped envelope and sharedraft/check to:

HawaiiUSA FCU
Attn: Annual Dinner
1226 College Walk
Honolulu, HI 96817-3995

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Valuing our Members Starts With Great Employees!

HawaiiUSA is proud to recognize our employees for their learning achievements. LILO (Learning Investment for Life Opportunities) is an employee benefit that offers tuition assistance to eligible employees pursuing a degree in business.

Joy Rabanal - Valuing our employees

Joy Rabanal
Internal Auditor
Pakela Award, October 2012

The Hawaii Credit Union League’s (HCUL) Pakela Award honors professionals for their commitment to continuing education. Individuals qualify by completing HCUL workshops, schools, special interest seminars, and conferences for a minimum number of educational credits from July 1 to June 30 each year.

 

Shane Toguchi - Valuing our employees

Shane Toguchi
eMarketing Associate
MBA, Chaminade Univeristy, September 2012

"I am grateful that HawaiiUSA values our personal development and I appreciate the financial assistance the company provided me through the LILO program."

 

 

 

Kat Zabala-Savellano - Valuing our employees

Kat Zabala-Savellano
Human Resource Specialist
BBA, University of Hawaii, December 2012

"A BIG thank you to HawaiiUSA for playing a part in one of my BIGGEST accomplishments.  I am so grateful for the company’s support, from building my knowledge to assisting with tuition.  LILO is a wonderful program that helps students like me get one step closer to our dreams.  The program paid for one class in one semester or a stack of books in another, over three years."


CONGRAULATIONS to Joy, Shane and Kat!
Their accomplishments reflect the very best at HawaiiUSA who continue to serve our members.

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Call for Credit Union Volunteers!

Credit Unions are owned by members and governed by member volunteers.

As such, the HawaiiUSA Board of Directors is seeking dedicated and responsible members for selection to fill available volunteer positions on the following committees:

Annual Dinner  ·  Scholarship  ·  Personnel
Loan Review/Policy  ·  Nominations & Elections
Golf Tournament  ·  Governance  ·  Risk Management

Volunteer committee positions assume fiduciary responsibility, do not receive compensation and may require many hours of time and commitment. Applications to become a volunteer are available by calling Marcy at 844.8024.

Deadline for completing applications is Tuesday, February 26, 2013. Please mail applications to:

HawaiiUSA FCU
Attn: Board of Directors
1226 College Walk
Honolulu, HI 96817-3995

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