Introduction to HawaiiUSA Federal Credit Union
HawaiiUSA FCU has been serving Oahu since 1936, and is a member based credit union. This federally insured institution was created to serve people in the educational field, including those attending school and their parents in the Oahu and Maui area. Secondary schools are not included in this membership. HawaiiUSA FCU also has a list of over 4200 Select Employee Groups (SEG’s) that are eligible for membership in the Credit Union. All members living in the same home are eligible for services from the Credit Union. HawaiiUSA FCU offers a broad range of savings, loan and investment opportunities and has increased their presence by having fully automated services through their site: HawaiiUSAFCU.com.
HawaiiUSA FCU has a large offering of mortgage products. This credit union provides mortgage programs that will encompass any credit rating. Conventional mortgages, jumbo and adjustable rate loans as well as interest only mortgages are available through the Credit Union. HawaiiUSAFCU.com has interest rate information available that will provide the current rate for that day. They offer competitive rates on their mortgages and are proud to offer a few first time home buyers programs that can help anyone acquire a mortgage. An online pre-qualification application is available. Consumers should take advantage of the online mortgage application process that is offered at HawaiiUSAFCU.com. Applicants completing a mortgage application through this method, and is approved, will receive a $150 dollar credit toward the closing costs of the loan.
HawaiiUSA FCU offers many refinancing and second mortgage options. 15 year second mortgages are available for a very low rate. Refinancing may be done with approved credit and property appraisal. For those wishing to refinance there are many options available, even if you have less-than-perfect credit. 30 year fixed and adjustable rate mortgages are available.
HawaiiUSA FCU offers two Home Equity Line of Credit (HELOC) programs. Both programs are adjustable rate lines of credit that have a fifteen year repayment schedule. Homeowners can apply for an 80% loan to value HELOC or a 90% loan to value program. Both programs offer renewable draw periods, quarterly adjustments with a 1% cap and loan amounts of 10-200 thousand dollars. The value of the home will be based on the most recent tax evaluation. The difference between the two programs is the loan margin. The 80% loan offers a 2.5% margin while the 90% loan offers 3.5%. Home Equity Loans are subject to credit approval and applications can be done online or in person.
HawaiiUSA Federal Credit Union Information
HawaiiUSA FCU has eleven branches throughout the islands. For direct information on a branch nearest you please visit: HawaiiUSAFCU.com
Important Numbers / General Information:
Oahu: 808.534.4300 / Neighboring Islands: 800.379.1300
These phone numbers can be used to contact any and all departments in the Credit Union. For direct contact by e-mail please use the following addresses:
Customer service is very friendly and will guide you through any questions you have about their services.
General Information: contactus at hawaiiusafcu.com
Member Services: memebrservices at hawaiiusafcu.com
Loan Department: loans at hawaiiusafcu.com
Mortgage Department: contactus at hawaiiusafcu.com