BIG Island Federal Credit Union

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Review based on 12 criteria Rating: 2.5 out of 5

66 Lono St, Hilo, HI 96720-4144

Website

(808) 935-9778

Data Source: NCUA, December 31, 2016


BIG Island Federal Credit Union was founded in 1936. Headquartered in Hilo, Hawaii, BIG Island Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). BIG Island Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB) , which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, BIG Island Federal Credit Union services 9,463 members through its 3 offices and branches and 29 full-time employees. It has $94,116,879 of total assets and $8,311,237 of net worth. Based on its asset size and net worth ratio, BIG Island Federal Credit Union is classified as a Well Capitalized medium credit union.

BIG Island Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. BIG Island Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of BIG Island Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Hawaii and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Hawaii
Median of USA
Checking
0.0000
0.0250
0.0000
Savings
0.1500
0.1500
0.1200
Money Market
0.1000
0.2500
0.2500
Certificate Deplit
0.2500
0.4500
0.5800
IRA
0.3500
0.5500
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Hawaii
National Median Rates
Credit Cards
9.7100
9.9450
9.9900
Unsecured Line of Credits
7.0500
7.6100
10.9500
Short-term Small Amount
n/a
23.0000
25.0000
Student Loans
n/a
6.0000
6.0200
New Car Loans
3.3300
3.8200
3.3300
Used Car Loans
3.8000
4.5000
4.5000
1st Mortgage Real Estates
4.4600
4.0000
4.2500
Other Real Estates
3.6700
4.0000
4.7000

BIG Island Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by BIG Island Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
No
No
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
No
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
No

As a community financial institution, BIG Island Federal Credit Union actively involves in local communities by prliding services such as first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
Yes
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Hilo Branch
Main Office

66 Lono St
Hilo, HI 96720-4144
Phone:808-935-9778

Kona Branch
75-5737 Kuakini Hwy
Kailua Kona, HI 96740-1710
Phone:808-329-8889

Puna Branch
16-594 Kipimana St
Keaau, HI 96749-8021
Phone:808-930-2600

(808) 934-7572

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  1. Cuhub Staff
    Cuhub Staff

    Last Updated on May 30, 2017

    May 30, 2017 at 10:29 pm

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