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News Now

CU System
Hawaiis membership in CUs up by 30000
HONOLULU, Hawaii (1/7/09)--Membership in Hawaii credit unions increased by 30,000 to more than 806,000 in 2008, even though there were three fewer credit unions in the state, according to the National Credit Union Administration. Hawaii’s 96 credit unions had roughly $7.1 billion in combined assets last year, up 6% from 2007 (bizjournals Jan. 5). Loans grew 9% to about $3.7 billion. The largest loans originated from Hawaii USA FCU, Honolulu, with $615.9 million; Hawaii State FCU, Honolulu, with $424.9 million; and Hawaii Community FCU, Kailua Kona, with $240.9 million. The biggest percentage increases in loans were realized at two small credit unions with two employees each:
* Word of Life FCU, Honolulu, with $1.9 million assets and 147 members, saw a 70.2% rise in loans to $1.6 million; and * Dole Wahiawa FCU, Wahiawa, with $2.2 million assets and 514 members, issued $1.7 million in loans, up 53% from the previous year.


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