In 1937, after the first full year of operation, a 6 percent dividend was declared. The credit union operated with no paid staff and early volunteers had to sandwich in credit union work with their regular jobs. On October 22,ġ936, 65 employees signed on as charter members with assets totaling $2,517, calling themselves Mutelco Oahu Employees Federal Credit Union. Hawaiian Financial FCU formed out of an idea from Mutual Telephone Company employees. Since its charter in 1936, the mission of Hawaiian Financial Federal Credit Union has been to provide quality products with outstanding member service. How soundly is it managed? Are their funds safe and can they access them if trouble develops? As the shake-out continues and bank mergersĬreate large, faceless institutions, it's becoming more difficult for consumers to select a financial institution that can still provide personal service along with a full range of financial products. They want to know who's running their financial institution. The safety and accessibility of their deposits. While consumers may not be tucking their life savings under the mattress as they did during the depression, most are concerned about In the aftermath of the S&L crisis of the 1980s, many people are turning a wary eye to their financial institutions.
On October 22, 1936, 65 employees signed on as charter members with assets totaling $2,517, calling themselves Mutelco Oahu Employees Federal Credit Union. Hawaiian Financial Federal Credit Union formed out of an idea from Mutual Telephone Company employees. "We are people helping people make their dreams come true".
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