APFCU Information

A credit union (CU) is a nonprofit, cooperative financial institution owned and run by member-owners to provide a safe place to save and borrow money at reasonable rates.

Unlike a bank or other for-profit financial institution, a CU gives its profits back to its members in the form of higher account rates, lower loan rates, lower service fees and other valuable services. Like a bank, the Federal Government insures deposits for CUs. The National Credit Union Share Insurance Fund (NCUSIF) is the federal fund created by Congress in 1970 to insure members' accounts at CUs up to the federal limit.

Administered by the National Credit Union Administration, the NCUSIF is backed by the "full faith and credit" of the U.S. government. To join a CU, you must be eligible for membership as determined by the CU's charter. Most CUs are organized to serve people in a particular community, group or groups of employees or members of an organization or association.

Aloha Pacific Federal Credit Union membership begins with a personal savings account and entitles you to all of our products and services. Once you become a member, you receive many rewarding benefits, such as higher rates, low account fees, friendly service from knowledgeable staff, convenient access, discounted admission to Family Day events and Member Appreciation Day at the 50th State Fair.

There are many differences between credit unions and banks.

A credit union is equally owned and managed by all of its members; anyone in good standing can run for the Board of Directors. Banks are owned by their stockholders.

Credit unions exist to help consumers build their wealth; measure success through member satisfaction; and have severe restrictions on raising capital. Banks exist to profit through fee income and investments or by raising capital through selling shares and buying or selling acquisitions.

Credit unions are not-for-profit financial cooperatives. Banks are for-profit businesses that keep their earnings.

Credit union membership is limited. Not everyone can join, but all members are equal - from workers to small business owners. At a bank, anyone can be a customer, but bigger businesses usually receive good rates and excellent treatment.

A credit union's earnings go back to members as better rates and fewer fees. A bank's profit goes back to the stockholders, not to the banking customers.

Yes. The Masami Oishi Scholarship and the Wallace Y. Watanabe Excellence Award are presented annually to full-time students enrolled in an accredited college, university or trade school in either graduate or undergraduate programs. In addition, you must be a primary member in good standing for at least one year before the scholarships are awarded, complete the application and provide the required documentation by the posted due date. 

Applications are available January. See application for other requirements that may apply. Look for the official notice in our newsletter or online.

Credit unions are regulated by government agencies. These agencies must examine credit unions and make sure the credit union is following laws and regulations and operating safely. Before a credit union can open for business, it must obtain a charter. A charter is a license to operate.

Aloha Pacific Federal Credit Union offers savings, checking and certificate accounts, mortgages and a variety of loan products to meet your needs. The credit union also provides many other useful services. Please explore our website or call us for more information.

Notary services are generally available at all branch locations. You can check availability or book an appointment online or call us at (808) 531-3711 (or 1-877-531-3711 toll-free). Aloha Pacific Federal Credit Union provides notary services to both members and non-members. Please contact us for additional information.

A credit union is a not-for-profit, cooperative financial institution owned and run by member-owners to provide a safe place to save and borrow money at reasonable rates. Unlike a bank or other for-profit financial institution, a credit union gives its profits back to its members in the form of higher account rates, lower loan rates, lower service fees and other valuable services.

Aloha Pacific Federal Credit Union
832 South Hotel Street
Honolulu, Hawaii 96813

Aloha Pacific Federal Credit Union does not negotiate savings bonds at this time.

To become a member, you must belong to one of the groups (or common bonds) and maintain $5 in your savings account. Please click on the Membership page for eligibility or call us at (808) 531-3711 or toll free at (877) 531-3711.

When you open a savings account (also known as a share account), you become an equal, part owner of the credit union. The credit union exists for and to serve its member owners.

To better service members in the branch as well as members that are requesting assistance through the telephone, calls are routed through our Contact Center. In the event you need to speak with a specific employee, the Contact Center representative will forward your call to the appropriate person.