Overview

HOW TO JOIN

Kokua Federal Credit Union strives to deliver the best service possible to our most important asset - our members. Please click on the Applications button above for a Membership request form.

WHAT IS A CREDIT UNION?
 
A credit union is a cooperative financial institution, owned and controlled by the people who use its services. These people are members. Credit unions serve groups that share something in common, such as where they work, live, or go to church.

Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and to get loans at reasonable rates. Credit unions, like other financial institutions, are closely regulated. And they operate in a very prudent manner. The National Credit Union Share Insurance Fund, administered by the National Credit Union Administration, an agency of the federal government, insures deposits of credit union members at more than 11,000 federal and state-chartered credit unions nationwide. Deposits are insured up to $100,000.

What makes a credit union different from a bank or savings & loan? Like credit unions, these financial institutions accept deposits and make loans—but unlike credit unions, they are in business to make a profit. Banks and savings & loans are owned by groups of stockholders whose interests include earning a healthy return on their investments.
 
WHY JOIN A CREDIT UNION?

Founded on the basic democratic premise of the cooperative movement, credit unions believe that access to low-cost financial services is critical to the health and stability of ordinary citizens. In fact, today millions of Americans trust that their credit union will provide the services to improve their financial well-being. Credit union membership offers many benefits. Services offered range from simple savings to home equity loans. Study after study has revealed that on average, credit unions provide the best financial offerings with fewer fees, lower rates on loans and higher rates on savings. And credit unions continually score higher than all other financial institutions in consumer satisfaction surveys.

Individual Membership

FREE LIFETIME MEMBERSHIP in the Kokua Federal Credit Union is open to individuals and unincorporated clubs in our field of membership.

WHO MAY JOIN? Employees, physicians, volunteers, pensioners of Straub Clinic and Hospital; courtesy physicians on it's medical staff.

Also, employees, physicians, volunteers and Directors of the Straub Foundation; employees of Pacific Health Research Institute; empoyees of Hawaii Lions Eye Bank/Makana Foundation.

Employees of Marriott Corp. located at Straub C&H. Employees of Office Depot located on Oahu. Employees of Hawaii Pacific Health, Inc.(HPH). Employees of Clinical Labs of Hawaii; Docs On Call; and employees and volunteers of Hawaii Credit Union League.

WHO ELSE MAY JOIN? Family members of the above groups including spouses, children, grandchildren, parents, siblings (step and adopted); others of the household contributing to the economical well being of the household.
   
Background
 
IN December 1965, at the urging of fellow employees, twelve employees applied for and were granted a credit union charter by the federal government. They shared a common bond of association.

OVER the years, the Credit Union's name changed; its field of membership changed to include groups other then employees of Straub C&H; it's added numerous other services; hired its own staff and purchased its own office space. The Credit Union is independently owned by its member/depositors.
 
Types of Account Ownership

Three types of ownership are available:

Individual Ownership - The account is owned by one person. A beneficary can be named to receive the insurance proceeds and the balance in the account upon certification of the accountholders death.

Joint Ownership - The account is owned by more than one person. The insurance beneficary can be the joint owner or someone else.

Trust Ownership - The account is owned by the revocable trust whose trustee is the credit union member.

Request for Membership Application

Please  to Apply for Membership