Credit unions in Hawaii

Credit unions: In the state of Hawaii, 55 credit unions operate 150 branch offices for their members. Over 855,000 residents utilize the services of credit unions. The largest credit union in the state is HawaiiUSA Federal Credit Union, which has over 129,000 members. This cooperative is open to many groups but focuses its membership on those in education. Current members are permitted to extend an invitation of membership to their immediate family.

Several cooperatives in Hawaii are only open to those employed at specific employers or those who are part of certain professions. However, Hawaii does have several credit unions that are community-based membership cooperatives. In a state like Hawaii, this is an excellent option for financial services. Hawaii is not a contagious state, but a chain of islands. Some of those islands are sparsely populated. Membership cooperatives bring services to those communities when large financial companies will not. 

Car insurance: Drivers in Hawaii are blessed with beautiful weather and car insurance premiums that are less than the national average. But just because your costs are already less than elsewhere, that doesn’t mean you shouldn’t be on the lookout for an even better deal. Your membership in a credit union could save you money on your car insurance policy. Check with your cooperative to see what partnerships they have. Even though car insurance is not expensive, it is a requirement in Hawaii. Drivers must carry coverage for bodily injury, property damage, as well as personal injury protection. Personal injury protection kicks in before your health insurance coverage. 

In does not appear that credit unions in Hawaii underwrite insurance coverage for its members. However, several partner with TruStage and that company handles discounted policies for their members. Other credit unions partner with companies like Farmers Insurance, who, in turn, will discount policies for credit union members.