the beacon - MAUI COUNTY FCU

15052–NL 12/10
Holiday Closings
Main Office
martin luther king jr. Day
Monday, January 17
1888 Wili Pa Loop
Wailuku, HI 96793-1272
Stop by our
Monday - Friday 8:30 a.m. - 4:30 p.m.
presidents Day
Monday, February 21
Loan Department
Kahului Branch (Maui Marketplace)
270 Dairy Road, Suite 146
Kahului, HI 96732
and ask about our
or check us out
on the web at
www.mauicountyfcu.org.
(808) 244-7968 • Fax (808) 242-1690
(800) 783-6597 (Neighbor islands)
Teller Tone Service (800) 285-2932
www.mauicountyfcu.org
Board of Directors
Dividend Yields
APY = Annual Percentage Yield
Regular Share
Account............................. .50% APY
Christmas Club
Account*........................... .50% APY
Supervisory Committee
Garrett K.K. Goo • Lyle S. Kobashigawa
Patrick L. Ing • Robert S. Kawahara
Ty Yoshimi
IRA Share Account
Traditional, ROTH, & Coverdell ESA
Call for current rates
Management
Gary Fukuroku, President/CEO
Wes Higuchi, Chief Lending Officer
Regan Ohira, Loan Manager
Lisa Keene, Consumer Loan Manager
Myron Sakamoto, Chief Operations Officer
Robyn Yamashita, Director of Branch Operations
Desiree Toda, Operations Manager
Jersom Buenafe, Operations Manager Kahului Branch
Myra Sakai, Branch Manager Kahului Branch
Cathy Nakamura, Chief Financial Officer
Barbara Pagay, Marketing Specialist
Share Draft Account........... 0.25% APY
Share Certificates
6-, 12-, 24- and 36-Month terms
Call for current rates
All yields are as of 12/1/10, are expressed
as Annual Percentage Yields (APY) and are
subject to change without notice. The APY
is calculated based on a $2,500 balance.
Dividends are accrued monthly and credited to
your account on the last day of each month.
*Dividends for Christmas Club Accounts are
credited to your account annually on 1/31.
AUTO LOANS
New Autos as low as........ 4.50% APR*
Used Autos as low as....... 5.00% APR*
Personal LOANS
As low as........................ 7.50% APR*
Save The Date
For The 2011 Annual Meeting!
We hope you will join us on Saturday, March 5th for an evening of fun, food and celebration as we review our 2010 successes
and look forward to the future.
*The rate stated is based on an evaluation of applicant credit and auto payment.
REAL ESTATE LOANS
Home Equity Line-of-Credit
A wide variety of 1st & 2nd Mortgages
SHARE SECURED LOANS
As low as........................ 2.50% APR*
CONSOLIDATION LOANS
As low as...................... 11.50% APR*
*The rate stated is based on an evaluation of applicant credit and auto payment.
All rates are as of 12/1/10, and are expressed as
Annual Percentage Rates (APR) and are subject to
change without notice.
please call the credit
union at 244-7968 or
(800) 783-6597 for current
rate information or if
you have questions
November '10 November '09
Difference % Change
14,136
13,800
336
$216,517,586
$183,636,607
$245,293,184
$215,803,954
$187,164,397
$244,532,816
$713,632
-$3,527,790
$760,368
2.43%
0.33%
-1.88%
0.31%
D A T E : Saturday, March 5, 2011
T I M E : 6:00 p.m.
L O C A T I O N : Wailuku Community Center
C O S T : $8.00 per person
Seating is limited so don’t delay! Tickets will go on sale February 1, 2011 for
members only and are given out on a first come, first served basis. The deadline
for ticket purchases is February 28, 2011. For each ticket sold, $1.00 will be
donated to the Political Action Committee (PAC) that lobbies on behalf of the Credit
Union movement. We hope to see you there!
Call for current rates.
U Che ck- Up
C
F
C
M
Members
Total Shares
Total Loans
Total Assets
January 2011
Effective December 1, 2010
*APR = Annual Percentage Rate
*The rate stated is based on an evaluation of applicant credit, auto payment and loan & collateral
protection.
Donald Terada, Chairman
Edwin Okubo, Vice Chairman
Wesley Wong Jr., Secretary/Treasurer
Frederico Asuncion, Director
Tom Hiranaga, Director
Karen T. Oura, Director
Clifford Zane, Director
Maui County Federal Credit Union
Loan Rates
Platinum VISA
Monday - Friday 8:30 a.m. - 4:30 p.m.
Saturday 8:30 a.m. - 12:30 p.m.
THE BEACON
Keep Your Accounts Close
With Mobile Money
Have you heard of Mobile Money? It’s a new
service that allows you to access your credit
union account using your mobile (cell) phone!
Mobile Money offers a free, secure and realtime connection to your account, right at your
fingertips. With Mobile Money you can:
Get account balances
Get account history
Get account alerts
Access MCFCU Home Banking
Signing up for Mobile Money is easy. Just log in to Home Banking,
click on the “Self Service” tab and follow the Mobile Money link.
Your Money Is Safe At Maui
County Federal Credit Union
As your credit union, we understand the importance of knowing your
money is where you need it, when you need it. So we are happy
to inform you that your deposits here at Maui County FCU are
protected by the National Credit Union Administration (NCUA)
and are insured up to at least $250,000 per depositor, with
separate coverage for certain retirement accounts.
The NCUA is a stable, well-funded government agency.
In fact, during the entire history of the NCUA, not a
penny of insured funds has been lost by a member of
a federally insured credit union. Please
let us know if you have any questions, or visit www.ncua.gov for
more details.
StaffNews
Get Connected For Life’s Biggest Events
When it comes to birthdays, graduations, weddings and retirements,
MyOccasion makes it simple, convenient and tasteful to get connected with the
ones you love.
birth anno uncements:
Congratulations to Mylene
& Aaron Loque on the birth
n
Create a personalized event page
Send invitations
n Accept cash gifts online
of their son Mykah James
n
Ho'omalu Ikaika Loque.
Getting started is easy, just give us a call or visit
our website at www.mauicountyfcu.org for details.
Kamauaola Kale Maleko
Pico is the new addition
born to Sanoe Elf & Mika
Pico.
A warm welcome to
Taygen Nawaiolamalulani
Emma Webb daughter of
Jamie Sardinha & Andrew
Webb.
2010 Community
Service Project
IRA Reminders
n
The annual contribution limit for Traditional and Roth Accounts is $5,000 for 2010
and 2011.
n Taxpayers over the age of 50 can contribute an additional $1,000.
n You can contribute to your 2010 IRA until April 15th. Please be sure to specify that
you are making a 2010 contribution.
n If you have any questions about your IRAs or would like to discuss converting to an
IRA, give us a call. We will be happy to help.
My Money
If you’re one of the millions of Americans who have
joined Facebook you may be excited to hear that you
can now access your credit union account using the My
Money application on Facebook! It’s easy, convenient
and FREE. Check it out!
Maui County FCU gave a helping
hand to help clean Keopulani Park.
Thank you to all who worked hard
on this project.
Our Wailuku staff
dressed up at
Halloween.
Message
from the
CEO
Happy New Year from all of the staff and Board of
Directors at MCFCU! Your Credit Union has been
faced with new challenges and issues due to the
economic environment in 2010. Through it all, you’ll be glad to know
that MCFCU is financially strong and ready and able to take on new
challenges in 2011.
First, the bad news! An increase in delinquent loans both in the consumer
and real estate has forced MCFCU to increase its Allowance for Loan
& Lease Losses significantly in 2010. In addition all federally insured
credit unions, including MCFCU, has had to pay a premium fee to the
Corporate Stabilization Fund and to the NCUSIF premium fund. These
assessments were mandated by the National Credit Union Administration
(NCUA) who are the Federal regulators for Credit Unions.
The result has been a reduction in dividends for all share (savings) accounts. Our members for years have enjoyed the benefit of high yielding,
above market rates on all savings accounts. As a member-owned cooperative, when delinquencies are on the rise, and the credit union absorbs
losses, it affects ALL our members. Although rates were reduced, you’ll
find that they are still competitive with the other financial institutions.
The good news! The Maui Market Place branch in Kahului opened in
April 2010. The additional branch has provided another alternative
location and conveniently located in Central Maui. The office hours at the
Maui Market Place branch was also extended and the Saturday banking
was re-located to Kahului.
MCFCU continues have strong earnings and is well capitalized. Loan
growth has been on a slight decline but still remains strong.
As we embark on a new year, MCFCU remains committed to serving you,
our members, the very best products & services with the friendly smile!
i
C
k
o
i
r
ner
e
K
Happy New Year!
Gary Fukuroku,
President/CEO
E-Statements Are Filled With Benefits!
Did you know there is a quicker and more convenient alternative to paper statements?
Switch to E-Statements and start receiving your statements online!
Hoku Iki Rylan came to
MMP dressed in his
chicken costume.
Takayama girls enjoyed their check
writing class with Uncle Wes,
our Chief Lending Officer.
E-Statements are available for you to view online within the first three days of the
month, which means they are quicker than paper statements. Plus, you view them
through Home Banking, which means they are more secure than paper statements
because there’s no way for them to get lost or stolen in the mail.
Give us a call or visit www.mauicountyfcu.org to switch to E-Statements today.
Grab The Keys To
A Great Rate
With an auto loan from Maui
County Federal Credit Union
Why settle for “good” when you can
get “great”? When you finance your
new or used auto at MCFCU, you’re
guaranteed a great low rate, flexible terms and
exceptional service. That’s the Credit Union way.
New Car
Rates as low as
used Car
Rates as low as
2.99%
3.49%
APR*
APR*
So come see us. We’ll help you choose a loan
term that fits your budget and send you home with
a monthly payment you can afford. And when you
receive your auto loan, you will be entered into a
drawing to win an iPad!
Protect your investment!
GAP –A new car loses value as soon as you drive
it off the lot. So if your vehicle is totaled in an
accident, you could end up making payments
on a car you no longer own. GAP coverage
is an inexpensive way to avoid this situation.
MRC –If you plan to keep your car for many years,
you may benefit from Mechanical Repair
Coverage (MRC). MRC covers the cost of
parts and labor for any covered repair based
on the plan purchase. Give us a call or stop
by the Credit Union, and we’ll be happy to
answer any questions.
*Promotional APR (Annual Percentage Rate) effective until
March 31, 2011.
It Was Sweet
To Treat!
Our International Credit Union Day celebration
included free samples of Roselani Aloha
Cherry Truffle ice cream! Thank you to
everyone who came out to join
us for this celebration on
October 21, 2010.
Bobbie Pagay and Myron Sakamoto and Ui serve ice
cream during the celebration.
StaffNews
Get Connected For Life’s Biggest Events
When it comes to birthdays, graduations, weddings and retirements,
MyOccasion makes it simple, convenient and tasteful to get connected with the
ones you love.
birth anno uncements:
Congratulations to Mylene
& Aaron Loque on the birth
n
Create a personalized event page
Send invitations
n Accept cash gifts online
of their son Mykah James
n
Ho'omalu Ikaika Loque.
Getting started is easy, just give us a call or visit
our website at www.mauicountyfcu.org for details.
Kamauaola Kale Maleko
Pico is the new addition
born to Sanoe Elf & Mika
Pico.
A warm welcome to
Taygen Nawaiolamalulani
Emma Webb daughter of
Jamie Sardinha & Andrew
Webb.
2010 Community
Service Project
IRA Reminders
n
The annual contribution limit for Traditional and Roth Accounts is $5,000 for 2010
and 2011.
n Taxpayers over the age of 50 can contribute an additional $1,000.
n You can contribute to your 2010 IRA until April 15th. Please be sure to specify that
you are making a 2010 contribution.
n If you have any questions about your IRAs or would like to discuss converting to an
IRA, give us a call. We will be happy to help.
My Money
If you’re one of the millions of Americans who have
joined Facebook you may be excited to hear that you
can now access your credit union account using the My
Money application on Facebook! It’s easy, convenient
and FREE. Check it out!
Maui County FCU gave a helping
hand to help clean Keopulani Park.
Thank you to all who worked hard
on this project.
Our Wailuku staff
dressed up at
Halloween.
Message
from the
CEO
Happy New Year from all of the staff and Board of
Directors at MCFCU! Your Credit Union has been
faced with new challenges and issues due to the
economic environment in 2010. Through it all, you’ll be glad to know
that MCFCU is financially strong and ready and able to take on new
challenges in 2011.
First, the bad news! An increase in delinquent loans both in the consumer
and real estate has forced MCFCU to increase its Allowance for Loan
& Lease Losses significantly in 2010. In addition all federally insured
credit unions, including MCFCU, has had to pay a premium fee to the
Corporate Stabilization Fund and to the NCUSIF premium fund. These
assessments were mandated by the National Credit Union Administration
(NCUA) who are the Federal regulators for Credit Unions.
The result has been a reduction in dividends for all share (savings) accounts. Our members for years have enjoyed the benefit of high yielding,
above market rates on all savings accounts. As a member-owned cooperative, when delinquencies are on the rise, and the credit union absorbs
losses, it affects ALL our members. Although rates were reduced, you’ll
find that they are still competitive with the other financial institutions.
The good news! The Maui Market Place branch in Kahului opened in
April 2010. The additional branch has provided another alternative
location and conveniently located in Central Maui. The office hours at the
Maui Market Place branch was also extended and the Saturday banking
was re-located to Kahului.
MCFCU continues have strong earnings and is well capitalized. Loan
growth has been on a slight decline but still remains strong.
As we embark on a new year, MCFCU remains committed to serving you,
our members, the very best products & services with the friendly smile!
i
C
k
o
i
r
ner
e
K
Happy New Year!
Gary Fukuroku,
President/CEO
E-Statements Are Filled With Benefits!
Did you know there is a quicker and more convenient alternative to paper statements?
Switch to E-Statements and start receiving your statements online!
Hoku Iki Rylan came to
MMP dressed in his
chicken costume.
Takayama girls enjoyed their check
writing class with Uncle Wes,
our Chief Lending Officer.
E-Statements are available for you to view online within the first three days of the
month, which means they are quicker than paper statements. Plus, you view them
through Home Banking, which means they are more secure than paper statements
because there’s no way for them to get lost or stolen in the mail.
Give us a call or visit www.mauicountyfcu.org to switch to E-Statements today.
Grab The Keys To
A Great Rate
With an auto loan from Maui
County Federal Credit Union
Why settle for “good” when you can
get “great”? When you finance your
new or used auto at MCFCU, you’re
guaranteed a great low rate, flexible terms and
exceptional service. That’s the Credit Union way.
New Car
Rates as low as
used Car
Rates as low as
2.99%
3.49%
APR*
APR*
So come see us. We’ll help you choose a loan
term that fits your budget and send you home with
a monthly payment you can afford. And when you
receive your auto loan, you will be entered into a
drawing to win an iPad!
Protect your investment!
GAP –A new car loses value as soon as you drive
it off the lot. So if your vehicle is totaled in an
accident, you could end up making payments
on a car you no longer own. GAP coverage
is an inexpensive way to avoid this situation.
MRC –If you plan to keep your car for many years,
you may benefit from Mechanical Repair
Coverage (MRC). MRC covers the cost of
parts and labor for any covered repair based
on the plan purchase. Give us a call or stop
by the Credit Union, and we’ll be happy to
answer any questions.
*Promotional APR (Annual Percentage Rate) effective until
March 31, 2011.
It Was Sweet
To Treat!
Our International Credit Union Day celebration
included free samples of Roselani Aloha
Cherry Truffle ice cream! Thank you to
everyone who came out to join
us for this celebration on
October 21, 2010.
Bobbie Pagay and Myron Sakamoto and Ui serve ice
cream during the celebration.
15052–NL 12/10
Holiday Closings
Main Office
martin luther king jr. Day
Monday, January 17
1888 Wili Pa Loop
Wailuku, HI 96793-1272
Stop by our
Monday - Friday 8:30 a.m. - 4:30 p.m.
presidents Day
Monday, February 21
Loan Department
Kahului Branch (Maui Marketplace)
270 Dairy Road, Suite 146
Kahului, HI 96732
and ask about our
or check us out
on the web at
www.mauicountyfcu.org.
(808) 244-7968 • Fax (808) 242-1690
(800) 783-6597 (Neighbor islands)
Teller Tone Service (800) 285-2932
www.mauicountyfcu.org
Board of Directors
Dividend Yields
APY = Annual Percentage Yield
Regular Share
Account............................. .50% APY
Christmas Club
Account*........................... .50% APY
Supervisory Committee
Garrett K.K. Goo • Lyle S. Kobashigawa
Patrick L. Ing • Robert S. Kawahara
Ty Yoshimi
IRA Share Account
Traditional, ROTH, & Coverdell ESA
Call for current rates
Management
Gary Fukuroku, President/CEO
Wes Higuchi, Chief Lending Officer
Regan Ohira, Loan Manager
Lisa Keene, Consumer Loan Manager
Myron Sakamoto, Chief Operations Officer
Robyn Yamashita, Director of Branch Operations
Desiree Toda, Operations Manager
Jersom Buenafe, Operations Manager Kahului Branch
Myra Sakai, Branch Manager Kahului Branch
Cathy Nakamura, Chief Financial Officer
Barbara Pagay, Marketing Specialist
Share Draft Account........... 0.25% APY
Share Certificates
6-, 12-, 24- and 36-Month terms
Call for current rates
All yields are as of 12/1/10, are expressed
as Annual Percentage Yields (APY) and are
subject to change without notice. The APY
is calculated based on a $2,500 balance.
Dividends are accrued monthly and credited to
your account on the last day of each month.
*Dividends for Christmas Club Accounts are
credited to your account annually on 1/31.
AUTO LOANS
New Autos as low as........ 4.50% APR*
Used Autos as low as....... 5.00% APR*
Personal LOANS
As low as........................ 7.50% APR*
Save The Date
For The 2011 Annual Meeting!
We hope you will join us on Saturday, March 5th for an evening of fun, food and celebration as we review our 2010 successes
and look forward to the future.
*The rate stated is based on an evaluation of applicant credit and auto payment.
REAL ESTATE LOANS
Home Equity Line-of-Credit
A wide variety of 1st & 2nd Mortgages
SHARE SECURED LOANS
As low as........................ 2.50% APR*
CONSOLIDATION LOANS
As low as...................... 11.50% APR*
*The rate stated is based on an evaluation of applicant credit and auto payment.
All rates are as of 12/1/10, and are expressed as
Annual Percentage Rates (APR) and are subject to
change without notice.
please call the credit
union at 244-7968 or
(800) 783-6597 for current
rate information or if
you have questions
November '10 November '09
Difference % Change
14,136
13,800
336
$216,517,586
$183,636,607
$245,293,184
$215,803,954
$187,164,397
$244,532,816
$713,632
-$3,527,790
$760,368
2.43%
0.33%
-1.88%
0.31%
D A T E : Saturday, March 5, 2011
T I M E : 6:00 p.m.
L O C A T I O N : Wailuku Community Center
C O S T : $8.00 per person
Seating is limited so don’t delay! Tickets will go on sale February 1, 2011 for
members only and are given out on a first come, first served basis. The deadline
for ticket purchases is February 28, 2011. For each ticket sold, $1.00 will be
donated to the Political Action Committee (PAC) that lobbies on behalf of the Credit
Union movement. We hope to see you there!
Call for current rates.
U Che ck- Up
C
F
C
M
Members
Total Shares
Total Loans
Total Assets
January 2011
Effective December 1, 2010
*APR = Annual Percentage Rate
*The rate stated is based on an evaluation of applicant credit, auto payment and loan & collateral
protection.
Donald Terada, Chairman
Edwin Okubo, Vice Chairman
Wesley Wong Jr., Secretary/Treasurer
Frederico Asuncion, Director
Tom Hiranaga, Director
Karen T. Oura, Director
Clifford Zane, Director
Maui County Federal Credit Union
Loan Rates
Platinum VISA
Monday - Friday 8:30 a.m. - 4:30 p.m.
Saturday 8:30 a.m. - 12:30 p.m.
THE BEACON
Keep Your Accounts Close
With Mobile Money
Have you heard of Mobile Money? It’s a new
service that allows you to access your credit
union account using your mobile (cell) phone!
Mobile Money offers a free, secure and realtime connection to your account, right at your
fingertips. With Mobile Money you can:
Get account balances
Get account history
Get account alerts
Access MCFCU Home Banking
Signing up for Mobile Money is easy. Just log in to Home Banking,
click on the “Self Service” tab and follow the Mobile Money link.
Your Money Is Safe At Maui
County Federal Credit Union
As your credit union, we understand the importance of knowing your
money is where you need it, when you need it. So we are happy
to inform you that your deposits here at Maui County FCU are
protected by the National Credit Union Administration (NCUA)
and are insured up to at least $250,000 per depositor, with
separate coverage for certain retirement accounts.
The NCUA is a stable, well-funded government agency.
In fact, during the entire history of the NCUA, not a
penny of insured funds has been lost by a member of
a federally insured credit union. Please
let us know if you have any questions, or visit www.ncua.gov for
more details.