apfcu now offers tiered lending - Aloha Pacific Federal Credit Union

JUNE 2014
PRESIDENT’S
MESSAGE
Vince J. Otsuka
W
e received nearly 60 qualified applications for our Masami Oishi
Scholarship program and have begun the
extensive grading process. On July 9, we
will award $30,000 in scholarship money
to 15 aspiring college or trade school students in an evening ceremony at our Fort
Street branch.
This month we will be offering an upgrade to our KalaRewards VISA check (debit) card. Starting mid-June, all new members will be able to select their PIN (Personal
Identification Number) by phone. By the
end of the year, all members will be able to
change their PIN at any Aloha Pacific Federal Credit Union ATM. Details on how to
change your PIN will be available online.
In June, we will conduct the first full
test of our system upgrade. This will not
affect member service, but will help us
make the transition as smooth as possible.
We will send notices prior to our live conversion date, which is September 2.
Last month there were security warnings
about Microsoft’s Internet Explorer web
browser, Windows XP and the “Heartbleed
Bug.” We have taken precautions at the
credit union, but computer experts also recommend that individuals regularly update
their home systems and anti-virus software.
Member Appreciation Day at the 50th
State Fair is on June 7. My kids can’t wait.
I hope to see you there!
Thank yyou,,
Vince
Vinc
ce J. Otsuka
APFCU NOW OFFERS TIERED LENDING
A
s of May 1, Aloha Pacific FCU has
launched a tiered or risk-based pricing system for some of our consumer loan
products. The new system is based on a
few key lending criteria such as ability to
repay the loan and an individual’s credit
profile.
The products that are included in the
new tiered structure include our VISA
Gold and Classic credit cards, loans for
new and used autos, personal loans and
unsecured lines of credit.
Other consumer loan products such
as our VISA Classic Share Secured credit
card, share secured loans and lines, and
our Home Equity Line of Credit will
(continued on page 4)
APFCU’S HOME EQUITY LINE OF CREDIT
Picture the Possibilities
D
on’t forget about Aloha Pacific Federal Credit Union’s Home Equity
Line of Credit, which features an extraordinary 3.50% Annual Percentage Rate for
59 months. After the 59 months, the rate
is variable, currently at 5.00% APR.
Our HELOC can be your long-term
funding solution. Need to consolidate
bills? Pay for private-school or college tuition? Renovate your kitchen or bathroom?
Install a photovoltaic system? Finally go
on that once-in-a-lifetime vacation? Any
and all of these are possible with a HELOC because what you do with the funds
is completely up to you.
Visit any branch, www.alohapacific.com,
or call 531-3711 for more information.
Rate effective 06/01/14 & subject to change. Membership
($100 in a regular savings) required. Subject to credit approval. APR = Annual Percentage Rate. Contact an employee for more information about applicable fees & terms.
Some restrictions may apply. Programs may be modified
or canceled at any time. HELOC offer is a fixed APR for
59 months at time of closing. After 59 months, the APR
is variable. The current index rate is based on the prime
rate published in the Wall Street Journal, plus 1.00%,
adjusted quarterly (5.00% min. & 18.00% max), with
a 10-year draw and 30-year amortization period. Applies
to owner-occupied properties with required insurance and
maximum loan-to-value of 80% in Hawaii. Estimated
3rd party fees (ALTA policy, appraisal, trust review & attorney) for a $250,000 HELCO are $500 to $1,200. We
offer a $500 closing credit against all 3rd party fees with
an initial draw of $10,000 or more at closing.
PLEASE READ OUR MEMBER
CONDUCT POLICY ONLINE
CONTACT US
Aloha Pacific FCU
Attn: Marketing
832 S. Hotel Street
Honolulu, HI 96813
531-3711 Oahu
877-531-3711 (toll free)
Fax: (808) 566-0616
Email: info@alohapacific.com
www.alohapacific.com
BRANCHES & HOURS
MAIN*
FORT STREET*
KAILUA**
KAIMUKI**
KAPOLEI**
WAIKELE**
WAIMALU**
WEST CHEYENNE***
A
loha Pacific Federal Credit Union is
dedicated to providing an environment that is safe and secure for its employees, members and volunteers.
In order to achieve this, a Member Conduct Policy was enacted – not to restrict the
rights or freedoms of individuals, but to address any abusive or threatening behavior
that affects the well-being of others.
The full policy is posted on our website, alohapacific.com. Go to the Bulletins
section, then click on the More Information button in the Member Conduct Policy
item.
Conduct that is considered abusive includes:
n Sexual, racial or ethnic harassment (direct, indirect, verbal, written or implied)
n Attempting to coerce or interfere with
the duties of APFCU employees
n Fraud or deception committed against
APFCU
n Violation of security procedures or safety rules
n Fighting or possession of weapons on
APFCU premises or at APFCU events
The restrictions or denial of services that
may result from such behavior include:
n Closure of certain accounts
n Suspension of services such as the ATM
card and debit card; the ability to obtain
loans; check cashing
The policy also includes a description of
the appeals process.
Please take a few minutes to read the
policy. If you do not have access to a computer, our APFCU branch staff can print
out a copy for you.
*M–F 7:30AM–5:00PM
**M–F 9:00AM–6:00PM,
Sat & Holidays 9:00AM–2:00PM
***M–F 9:30AM–5:30PM
BOARD OF DIRECTORS: Gary Iwai (Board
Chair), Stan Inamasu (1st Vice Chair), Allan
Fujimoto (2nd Vice Chair), Darwin Hamamoto
(Secretary), Daniel J. Keppel, Sam Moku and
Robert S. Morita
EXECUTIVE MANAGEMENT: Vince J. Otsuka
(President and CEO), Thomas W. Santos (Vice
President Sales and Marketing), Norman Goo
(Vice President Lending and Collections),
Kristopher C. Kono (Vice President Risk
Management), G. Keoni Ahlo (Vice President
Information Technology), Rand Yamasaki (Vice
President and Controller), Scott Nishimura (Vice
President Commercial Lending)
SUPERVISORY COMMITTEE: Ann Sakurao
(Chair), Ted Takahashi (Vice Chair), Diane Murata
(Secretary), Ben Dimond and Howard Okamoto
KalaLine is published by the Aloha Pacific FCU. Articles are
for information only, not individual advice. Consult with
your attorney, accountant, financial advisor or other professional regarding your situation. Copyright ©2014
Auto Loan Sale
HONK FOR OUR NEW AND USED AUTO LOAN OFFER!
There’s still time to take advantage of our auto loan specials.
n New car loans: As low as 1.75% Annual Percentage Rate
n Used car loans: As low as 2.25% Annual Percentage Rate
These rates are just what you were waiting for!
Federally
Insured
by NCUA
“Like” us on Facebook &
“Follow” us on Twitter
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Visit any APFCU branch or call 531-3711 for all the details.
Offer valid as of 3/25/14 and may be modified or canceled at any time. Other restrictions may apply. Membership
($100 in Regular Savings) required. See branch for details on applicable fees and terms. Your loan approval and Annual Percentage Rate are based on credit-worthiness. Offer includes 0.24% discount for automatic payment from an
APFCU account. Used-car loan terms based on vehicle age. No other APFCU discounts apply.
WE‘RE UPGRADING
TO BETTER SERVE YOU!
Account Numbers Will Not Change
This is another in the series of articles updating you on APFCU’s system
upgrade.
n Will your account numbers change?
No. Your account numbers will remain the same.
n Your credit cards, ATM cards,
check cards and personal checks
will remain the same. There will be
no need to replace them. The PINs
(Personal Identification Numbers)
also will remain the same.
n The APFCU branches on Oahu
that usually are open on Saturdays –
Kailua, Kaimuki, Kapolei, Waikele
and Waimalu – will be closed on
Saturday, August 30, as we convert
to the new system. Please plan to
do your transactions before Friday,
August 29.
Reminder: The upgrade will take
effect when we open for business on
Tuesday, September 2. Our APFCU
staff will be working behind the scenes
all Labor Day weekend to complete
the final steps, starting as soon as we
close for business on Friday, August
29. We want to make sure that when
we open our doors on September 2,
everything’s working for you, our valued members.
For months now, APFCU staff has
been working to make this transition
as seamless as possible. An upgrade is
very complex and our highest priority
is to be thorough, accurate, and safe
with your money. Once the upgrade
is complete, we will have a system
that will allow us to develop improved
products and services to our members.
Please visit our website, alohapacific.
com, for more details and updates.
JACK IN THE BOX
JOINS APFCU OHANA
Aloha Pacific FCU welcomes Jack in
the Box as a new Select Employee Group
(SEG)!
Now all Jack in the Box employees,
their families and household members are
automatically eligible to become members of APFCU. They join more than
1,750 other SEGs such as Big City Diner,
Costco and Jamba Juice and our core
membership of Honolulu City & County
employees.
We look forward to “Building Lasting
Relationships” with our new SEG!
HOLIDAY SCHEDULE
KING KAMEHAMEHA DAY
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THE BASICS
OF ESTATE PLANNING
Speaker: Russell Ota, Attorney
±4HEREMAYBELIBERTYANDJUSTICEFORALLBUTTHEREARETAXBREAKSONLYFORSOME
– Martin A. Sullivan, economist
HAVE YOU BEEN WONDERING ANY OF THE FOLLOWING:
Who will get my property when I’m gone?
If I leave money to my grandchildren, is it subject to the federal gift tax?
Do I have my advance health-care directives in order?
Nobody likes to think about it, but the more effort you put into estate planning now,
the better off your loved ones will be when you’re gone.
invites you to our estate-planning seminar that
will help answer these questions and more.
Date: Thursday, August 14
Location: Honolulu Country Club
Registration: 9:00–9:20 a.m.
Seminar: 9:30–10:30 a.m.
Cost: FREE* with $15 per person deposit
Checks payable to:
Aloha Pacific FCU
Attn: Vikki Kaya-Lao
832 South Hotel Street
Honolulu, HI 96813
Free continental breakfast and ample parking.
Sign up today; seats are limited.
Call Vikki at 539-0139 for more information and to RSVP
*Deposit will be refunded at the door, but non-attendance forfeits deposit.
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TIERED LENDING
(continued from front page)
SATURDAY, JUNE 21 FROM 10:00 A.M. TO 4:00 P.M.
remain the same.
Why did APFCU launch a tiered system?
“This way we could be more competitive in pricing our consumer loan products and offering them to a wider range
of members with different credit profiles,”
said Vince J. Otsuka, president and CEO
of APFCU.
“High credit scores are important in
today’s financial landscape. We hope all
of our members maintain or work toward
high scores so that they can receive the best
possible loan rates.”
For more information, visit any APFCU
branch or call 531-3711.
HOW TO IMPROVE
YOUR CREDIT SCORE
Your credit score is based on
your credit history – that is, your
pattern of credit payments.
Consumers who have high
scores have a better chance of
qualifying for the lowest possible
interest rates on auto loans, mortgages and other products.
What can you do to boost
your credit score? Financial experts agree on these three main
points:
n Always pay your bills on time.
n Keep balances low in credit
cards and other revolving
credit such as department
store credit cards.
n Don’t apply needlessly for
more credit cards.
CURRENT RATES
777 Ala Moana Boulevard
‰ Games, prizes, refreshments
‰ Receive an Acura Accessories/Protection Package valued at $500 with any car purchase
‰ Join the fun with the KCCN FM 100 prize
crew from Noon to 2:00 p.m.
‰ Play the Acura Trivia Game
‰ Enter to win the grand prize of a 50” flat
screen TV
‰ Instant door prizes
Plus, with each vehicle sold, Acura of Honolulu will donate $50 to the Children’s Miracle Network to
benefit the Kapi‘olani Medical Center for Women & Children on behalf of APFCU.
Special offer to Aloha Pacific FCU members:
‰ Stop by any branch now through June 20
to get pre-qualified for the Spring Auto
Loan Sale and receive a $5 gift card for
Jamba Juice or Jack in the Box just for
completing an auto loan application.
‰ Then join the fun at the Midsummer Acura Dream Sale on Saturday, June 21. Bring your APFCU
pre-qualification letter to the event to receive an Aloha Petroleum gas card valued at $25, $50,
or $100. And don’t forget to enter to win the grand prize of a 50” flat screen TV. No purchase
necessary.
SEE YOU AT MEMBER
APPRECIATION DAY!
The big day is coming soon: Member Appreciation Day is Saturday, June 7,
at the 50th State Fair, on the grounds of
Aloha Stadium.
If you bought tickets to our special
event, we’ll see you there!
n The fair opens at 4 p.m. that day, June
7. Go to a special APFCU booth, where
you will redeem your ticket for a wristband that entitles you to admission to
the fair and 10 rides.
n Come to the main tent from 5 to 7
p.m., where our special program of
fun and prizes is happening. Remember, you must enter the drawing and be
present to win door prizes!
COMING THIS SUMMER!
CALENDAR CONTEST
FOR APFCU’S
YOUNG MEMBERS
Keiki Kala and Go! Club members:
Pull out those crayons, paints and felt-tip
markers, and get those creative juices flowing! We want to feature your special drawings in our 2015 twelve-month calendar,
which we will publish later this year.
The contest is open to APFCU members who are 5 to 17 years old – and yes,
there will be prizes!
Look for all the details, including the
theme, deadline to enter and prizes, in
July’s issue of KalaLine, and the next issues of the Keiki Kala and GoKalaVantage
newsletter. We’ll post it all on our website,
alohapacific.com, too.
| Please call 531-3711, visit any APFCU branch or www.alohapacific.com for our current account and loan rates.
Membership ($100 in regular savings) required to receive benefits and services. All loans subject to approval.
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