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The Hawaii Territorial Employees' Federal Credit Union was founded on October 26, 1936, by 15 government workers. [4] The credit union later changed its name to Hawaii State Federal Credit Union. HSFCU is a founding member of the Hawaii Credit Union League, an association of credit unions in Hawaii. Hawaii State FCU belongs to the Hawaii ...
The credit union is administered and regulated by the National Credit Union Administration (NCUA) and insured by the National Credit Union Share Insurance Fund (NCUSIF). [1] Hawaiian Financial Federal Credit Union is the fourth largest credit union in Hawaii. [2] As of 2012, it has a total of $512.3 million USD in assets, [3] serving more than ...
The Lloyd-La Follette Act provided a significant impetus to the formation federal employees' unions. In 1916, the American Federation of Labor (AFL) acted to bring the various local unions together to form a single national union. The National Federation of Federal Employees was founded in Washington, D.C., on September 17, 1917. In 1918, it ...
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GECU is the oldest credit union formed in El Paso, Texas. [2] In 1932, eleven El Paso civil servants pooled $5 each to form a credit union inside of the broom closet of El Paso's federal building. [1] [3] In one year, the capital funds of the credit union had increased to $1305. [4] In 1947 there were 135 members which grew to 690 members in ...
During the 1920s the bank steadily grew, acquiring the Bank of Honolulu in 1922, opening a branch in Kona in 1923, and opening yet another branch on Lānaʻi in 1924. The bank's growth slowed after it merged with First National Bank of Hawaii, First American Savings Bank, Army National Bank of Schofield Barracks, and Baldwin Bank (Maui) in 1929.
By 1960, the credit union grew to serve over 70,000 members and had assets of almost $25 million. [7] By 2022, State Employees' Credit Union had grown to over $53.1 Billion in assets and 2.7 million members. This made State Employees' the second largest credit union in the United States in terms of assets and membership.
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