KAUAI COMMUNITY FEDERAL CREDIT UNION
APRIL 2017
Membership Matters
KAUAI COMMUNITY FEDERAL CREDIT UNION
Shop and Buy at Ohana Motors April 1-30
Make Your Driving Experience Great Again!
Get a GREAT, pre-owned car, truck or SUV at the Ohana Motors Auto Sale.
Special low prices and loan rates!
• 1.00% loan rate discount
• Rates as low as 2.49% APR*
• Low or no down payment required for
well-qualified borrowers
• Receive a $50 Gas Card when your loan is funded
Get your KCFCU auto loan pre-approved before
you shop. Apply online at
www.kcfcu.org
or
drop by any KCFCU office.
*APR = Annual Percentage Rate. $20,000 loan at 2.49% APR for 60
months = $354.90 per month. Stated APR assumes excellent borrower
credit history. A 1% loan rate discount to KCFCU’s current used auto
loan rates will apply to all loans not eligible for the 2.49% APR. Rate
is based on credit rating. Other rates and terms available. Offers only
valid April 1-30, 2017.
Menehune Credit Union Is Now Open at
Waimea High School!
“Paving the financial path for
the generations to come” is the
mission of the new student-run
Menehune Credit Union at Waimea
High School. Menehune CU is
KCFCU’s third student credit union
collaboration. Warrior Credit Union
at Kapaa High School and Raider
Credit Union at Kauai High School
both began operating in 2016.
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KCFCU staff on site
April 22
10:00 am to 4:00 pm
Building a Strong
Credit History
Don’t miss this informative seminar.
You’ll learn about credit scores and
why lenders, employers or property
managers are looking at your credit
profile. You will also receive a free
copy of your credit report to review
during the seminar. Discussion
topics include:
• Why your credit score is so
important to your financial health
• Factors that make up your score
• Tips on how to better your score
• How collections or other
derogatory items can hurt your
credit score
To reserve your space, contact Taylor
Shigemoto at 246-1262 or email
him at [email protected].
FREE Seminar
Thursday, April 27
6:00 pm to 7:30 pm
KCFCU’s Kukui Grove
West Office
For Kauai Community Federal Credit Union, 2016 was a
year of change. Melvin Chiba, our CEO, retired after 42
years of dedicated leadership. Under Mr. Chiba’s guidance,
KCFCU has grown from $9 million to $458 million in assets.
Mel taught us the importance of upholding our credit
union’s values. We pledge to continue his legacy and carry
out his vision of bettering the financial well-being of our
members.
We were proud to collaborate with our educational
community to promote financial literacy among our youth
in 2016. We opened innovative student credit unions
at Kapaa High School and Kauai High School. Our third
student credit union at Waimea High School opened in
February 2017.
In the tradition of providing value to our members,
we redesigned our Visa
®
Platinum credit card by lowering
the annual fee and providing cash redemptions and non-
expiring rewards points. We also introduced digital imaging
for your check deposits, so you can now view these check
images via home banking.
We continue to adopt new technology to improve your
banking experience with us. To complement our mobile
Dedicated to Improving Your Financial Wellness
By Tess Shimabukuro, President/CEO
app, we added a new debit card app called CardNav, which
enables you to activate or deactivate your card at will, set alert
preferences and view recent transactions. CardNav gives you
better control of your debit card 24/7 and is a powerful tool
to combat fraud.
KCFCU showed stellar financial performance in 2016.
Assets grew by $38 million (9.06%); member savings grew
by $33 million (8.84%); and loans grew by $19 million
(8.70%). Net income for the year amounted to $4 million.
KCFCU, at $458 million in assets, with $239 million in loans
to members and total member savings of $411 million, is
financially sound and stable.
I would like to extend my deepest appreciation to our
volunteer Board of Directors and Committee members, and to
KCFCU’s management and staff—all of whom work tirelessly
to meet your evolving financial needs.
Lastly, I thank you,―the membership,―for your confidence,
support and continued loyalty to KCFCU and for voting us the
Best Credit Union and Best Mortgage Company on Kauai in
2016. We look forward to another successful year as we work
to improve your financial wellness in 2017.
We “Give a Hoot” About Kauai’s Youth!
April Is Youth Month at KCFCU
Learning to save for what you want and need in life is a crucial skill that should be taught early in life. KCFCU will celebrate Youth
Month by helping our youth learn good saving habits and the basics of managing money.
This year’s Youth Month theme is “Give a Hoot About Saving.” KCFCU is the perfect place for kids of all ages to open their own
account and get started on the path of saving.
Money-Wise Youth Accounts for all Ages
Our Building Blocks account, for children ages 10 and under,
awards a FREE gift each time they deposit $10 or more.
For youth ages 11-16, our Smart Savers program offers a savings
account, plus FREE checking, including an ATM or debit card!
Young adults ages 17 to 24 are automatically enrolled in our
Your Choice program. It offers FREE checking with an ATM or debit card,
plus access to Visa
®
credit cards, savings secured loans and auto loans.*
A Bright Financial Future Starts Now
Whatever the ages of your children or grandchildren, KCFCU has a youth account to meet their needs. So be sure to bring them
into KCFCU in April to open their very own account and take the first step towards a brighter future.
*Subject to credit approval. Applicants under 21 years old must show proof of independent ability to pay or have a qualified co-signer who is 21 or older.
KCFCU Behind the Scenes:
Staff Members Are Settling into New Positions
Following the retirement of KCFCU’s long-time President/CEO, Mel Chiba, and Owen
Nishihara, VP of Human Resources, KCFCU promoted several staff members and hired
new employees to fill open positions. We’re happy to report that this transition is
going very well.
You’ve probably seen some new faces in our KCFCU offices. Please take the time to
get to know our newer employees. Many of these new staff members are taking the
place of employees who have been promoted within the credit union.
Also, our new executive team members and staff members have adapted well to
their new roles. All of our employees have been thoroughly trained and are ready to
assist you. Most importantly, they share a dedication for helping members improve
their financial well-being.
Thanks for Being Part of Our Annual Meeting & Luau
A big MAHALO goes to all the members, families and friends who came out to our
Annual Meeting & Luau on March 18. Always a popular gathering, our 63rd Annual
Meeting was another fun and festive event with great food, an ohana atmosphere
and tons of lucky drawing prizes! See you all next year!
Menehune Credit Union
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Menehune Credit Union is open on Wednesdays when school is in session, from
9:30 to 11:00 am in Room I-125. Jasabelle Cudanes will be managing the branch,
with guidance from Nicholle Mata, Supervisor for KCFCU’s Waimea and Eleele offices.
Real-World Banking Experience.
Students who visit Menehune Credit Union,
Warrior Credit Union and Raider Credit Union will learn about savings and checking
accounts, debit cards, online banking, plus the unique features that make credit
unions different from banks. The students who work at these innovative school-
based credit unions receive real-world job training—similar to the training of
KCFCU employees.
KCFCU is dedicated to educating our youth about financial matters to ensure
their future financial success. Financial literacy is especially attainable when taught
at an early age. KCFCU’s goal is to equip our young people with the knowledge and
hands-on practice they need to succeed in life. Our high school credit union offices
will help students learn key personal financial principles that will last a lifetime.
ebranch Online Will
Get a Fresh Make
Over This Summer
KCFCU’s ebranch Online banking
platform will receive a design
makeover in June 2017. The
changes will provide ebranch
with a more contemporary look
and easier navigation. If you are a
current ebranch user, you can feel
comfortable knowing your log-in
process and other functions will
continue working the same as usual.
We feel certain you will like the new
updated page formats, colors and
graphics!
Kukui Grove West Office
4493 Pahe’e Street
P.O. Box 1447 • Lihue HI 96766
Fax 808.246.0246
Lihue Office
4434 Hardy Street • Lihue HI 96766
Fax 808.245.7180
Waimea Office
9936 Kaumualii Highway
P.O. Box 284 • Waimea HI 96796
Fax 808.338.0901
Eleele Office
Eleele Shopping Center
P.O. Box 148 • Eleele HI 96705
Fax 808.335.0234
Kapaa Office
985 Kipuni Way • Kapaa HI 96746
Fax 808.822.0771
Call Center
808.245.6791
Website
www.kcfcu.org
e-Mail
This newsletter is published quarterly for the members
of Kauai Community Federal Credit Union. Information
in this newsletter is subject to change. Access our
Website for current rates and information. See KCFCU’s
Truth-in-Savings booklet for important account
restrictions and conditions.
EQUAL HOUSING
LENDER
We Do Business in Accordance With
the Federal Fair Housing Law and the
Equal Credit Opportunity Act.
This credit union is federally insured by the
National Credit Union Administration.
Holidays
Good Friday
Friday, April 14
Memorial Day
Monday, May 29
King Kamehameha Day
Monday, June 12
Independence Day
Tuesday, July 4
KCFCU Scoreboard
As of January 31, 2017
Total Assets: $458,875,554
Total Shares: $411,817,090
Total Loans: $239,843,834
Members: 33,678
Fix All Your Loan Needs with a KCFCU HELOC
Need repairs or improvements? Ready to consolidate multiple credit cards into ONE
low monthly payment? We have good news: A KCFCU Home Equity Line of Credit
(HELOC) will fix all your borrowing needs.
Introductory 0.95% APR* Through 10/17
From now through June 2017, you can establish a HELOC of up to $100,000 with a
super low introductory rate of just 0.95% APR. This special rate is effective through
October 2017, at which time it converts to a great low rate—currently as low as
3.99% APR.
Multiple Cash Advances as Needed
In addition to generous credit limits, a HELOC offers excellent borrowing flexibility.
You can take cash advances—whenever you need funds—up to your pre-approved
limit. Plus, you pay interest only on the funds you use and the interest may be tax-
deductible.**
For more information or to apply for your HELOC, visit us at
www.kcfcu.org
or
stop by one of our offices today.
*Initial Promotional Rate of 0.95% Annual Percentage Rate (APR) available until October 12, 2017, for
applications received between April 1, 2017, and June 30, 2017, and funded by July 31, 2017. After October
31, 2017, the rate is variable and will change to the prevailing rate at that time. As of March 1, 2017, the
current prevailing rate is 3.99% APR. Rates will be determined on the twelfth day of January, April, July and
October. All accounts are subject to a rate change at the close of business on January 12 (Annual Change
Date). The Annual Percentage Rate (APR) will never increase above 18.00%. **Be sure to check with your tax
adviser regarding tax deductibility.
Fight Identity Theft
At KCFCU, we believe the best thing we can do to protect your identity and the
security of your accounts is to help you stay informed about identity theft and
financial scams. Towards that goal, we’ll begin sharing a series of identity theft
prevention topics in all upcoming Membership Matters.
We will do our part to keep you safe, secure and informed of what to do to keep
your identity safe and sound from scammers.
KCFCU urges all members to join hands against these high-tech financial crimes.
Stay tuned for our quarterly newsletter articles that will help you stay informed about
identity theft prevention.
