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Come
see for
yourself.
Become a MEMBER today.
This
Credit Union is federally-insured by the National
Credit Union Administration.
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A History of People Helping People....
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In 1938, a group of employees of the Kekaha Sugar Company, Ltd.,
realized the great benefit of organizing a Credit Union for the
sugar plantation workers. On February 8, 1938, the Farm Credit
Administration approved the organization of the Kekaha Federal
Credit Union. Today, Kekaha Federal Credit Union has over 1,440
members and assets over $14,500,000. |
What is a Credit Union?...
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A Credit Union is a non-profit, member-owned financial
cooperative made up of a group of people with a common bond.
(occupation, community, church, etc.) Monies saved by Credit Union
members are the same funds which are loaned to other members. |
How Credit Unions Operate....
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- Members put their money into a common fund made of
individual accounts.
- Members elect officials from amongst themselves to manage
the fund.
- Each member has one vote.
- Members can obtain loans from the fund and are charged
interest.
- The interest accrued pays the cost of running the Credit
Union.
- The rest of the earnings are distributed to all the members
as dividends.
| Each Credit Union Savings Account
is insured up to $100,000 by the National Credit Union
Administration. |
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