U of Hawaii FCU Return on Assets Exceed National Average in Q1

The University of Hawaii Federal Credit Union reported $1.3 million on assets of $583 million for the first quarter.

Based on data from the National Credit Union Association, Honolulu-based UHFCU's .95% return on assets surpassed the national average for credit unions, the company said in a news release Friday.

UHFCU said it reached these numbers without relying on fees from its members, noting that its return on assets without fee income was .82%.

Jeanine Morse, UHFCU president and chief executive, attributes much of the credit union's financial success to "outstanding service" to its members.

"This focus on the member experience is evidenced in our member service surveys, where 95% of our members have said they're likely to recommend us to a friend or family member," Morse said in the release.

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