The Hawaiʻi State Federal Credit Union has launched an emergency member relief program for members affected by the recent Kona Low storm floods and ongoing financial disruptions.
Qualifying members can access a range of support options, including emergency assistance loans, payment deferrals on loans, and penalty-free early term share withdrawals.
“We understand the hardships many local families are currently facing, whether it’s from the recent floods or disruptions tied to the government shutdown,” said Andrew Rosen, president and CEO of Hawaiʻi State Federal Credit Union. “These situations can create real financial strain in a short period of time. Our goal is to provide meaningful support through practical options that help ease that burden, provide access to funds, and give our members stability as they navigate recovery.”
Emergency assistance loans allow access to up to $5,000, with no payments required for the first three months and no prepayment penalty for qualifying members.
Payment deferrals on eligible Hawaiʻi State Federal Credit Union consumer loans are available for one to three months. Interest will continue to accrue during the deferral period, and the loan term will be extended, resulting in a final balloon payment. Deferral options for mortgages, home equity lines of credit, and revolving credit may vary.
Members can also make early, penalty-free withdrawals from existing term share accounts.
More details can be found at the Hawaiʻi State Federal Credit Union website. Members are also encouraged to visit any of the credit union’s 14 branch locations or contact the Hawaiʻi State Federal Credit Union at 808-580-2700.
