Two Hawaiian CUs to share retail space in Maui

Hawaiian Tel Federal Credit Union, a $600 million-asset institution based in Honolulu, is set to open its sixth in-store credit union in a Walmart in Kahului, Maui, in mid-May 2017 -- a space that will be shared with Valley Isle Community Federal Credit Union, a $115 million institution based in Kahului.

This is believed to be the first such arrangement of this type among Hawaiian credit unions, though CUs in some other states have entered into such arrangements in the past.

This will also mark Valley Isle Community’s first such appearance in a retail location. Employees and members of both credit unions will be serviced there together. The location will feature both credit unions' names and will give Maui residents the opportunity for membership at either institution.

“This type of partnership and co-locating is new in the islands, and promotes the credit union values of cooperation and people helping people,” Norman Okimoto, president of HTFCU, said in a statement.

Norman Okimoto, Hawaiian Tel FCU

Trevor Tokishi, president of VICFCU, said he is “excited for the opportunity to partner with HTFCU, whose financial diligence has been recognized nationally, and for the opportunity the partnership will provide to better serve the residents of Maui.”

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Partnership agreement Branch management
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