Who We Are
Our History
The Molokai Community Federal Credit Union is a member-owned Financial Cooperative Credit with over 4,000 members providing financial products and services since 1951.
On September 24, 1951, an organization certificate was submitted to the Bureau of Federal Credit Unions through the Social Security Administration and Federal Security Agency to establish a Community Federal Credit Union System. The purpose was to establish a market for securities of the United States and to make available to people of small means credit for economic purposes through a national system of cooperative credit. Molokai Community FCU started with nine individuals:
- Fuyuki Okumura (Kaunakakai)
- C. Eric Reppun (Kalae)
- J.D. Fitzgerald (Kaunakakai)
- Sophie J. Cooke (Kauluwai)
- George A. Will (Kaunakakai)
- John Iaea (Kaunakakai)
- Charles T. Kawano (Kaunakakai)
- Elmo Tanner (Kaunakakai)
- Sau Ki Wong, M.D.(Kaunakakai)
Each one subscribed for one share at $5.00 per share. The field of membership was limited to "Residents of the District of Molokai, Territory of Hawaii, except homesteaders under the Hawaiian Homes Commission in the Ho’olehua area and permanent employees of California Packing Corporation and Libby, McNeill & Libby; and organizations of such persons". On October 9, 1951, Approval was granted by the Bureau of Federal Credit Union for a Federal Community chartered Credit Union in the district of Molokai, Territory of Hawaii that remains today as Molokai Community Federal Credit Union charter number 7471. On October 10, 2003, the Board of Directors amended Section 5 of the charter to read: "Persons who live, work, worship, or attend school in, and businesses located and other legal entities on the Island of Molokai, Hawaii; Spouses of persons who died while within the field of membership of this credit union; employees of this credit union; persons retired as pensioners or annuitants from the above employment; members of their immediate family or household; and organizations of such persons."
Our Mission
Our Mission Statement is:
“People Helping People with Aloha ... Providing Quality Financial Services.”
Whether you need help financing a new car, establishing credit, setting up an IRA, or just opening a new share draft account, your Molokai Community can help you. We offer a host of financial products and services to help you make the right financial decisions.
Community Involvement
Check back soon!
News
Credit Union News:
There is always something going on in the State of Hawaii for the various members of our community. For our member pleasure, we provide the following local events in the State of Hawaii.
Honolulu Advertiser
Community News:
Stay up-to-date on all the latest news about our Molokai community. Select a topic from the articles listed below for further details.
Molokai Dispatch | Maui News
Legislative Update
When legislation or bankers' lawsuits attack any credit union, it's an attack on all credit unions. Your Credit Union proudly protects members' right to join and participate in their not-for-profit financial cooperative.
Keep up to date on legislation or anti-credit union lawsuits.
Molokai Community Federal Credit Union does not endorse or guarantee the products, information, or recommendation provided by linked sites; the credit union will not be liable for any failure of products or services advertised on those sites. Each third-party site may have a different privacy policy different than Molokai Community Federal Credit Union, and the linked third-party website may provide less security than the credit union's website.