About Us
Aloha, The Molokai Community Federal Credit Union is a member owned Financial Cooperative Credit with over 3,900 members providing financial products and services since 1951.

Whether you need help financing a new car, establishing credit, setting up an IRA, or just opening a new share draft account, your Credit Union can help you. We offer a host of financial products and services to help you make the right financial decisions.
Mission Statement
The mission of a credit union is to provide and promote the use of a variety of financial services which feature particular benefits and advantages over those generally available from other banking sources, with specific intent of helping members gain some particular measure of personal financial success.

Our mission statement is:
People Helping People with Aloha... Providing Quality Financial Services.
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 through the quick links to the left.

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.
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. 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 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 an 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."
Safety & Soundness
Credit unions primarily engage in consumer loans and residential real estate lending to their members. Credit union performance is at a historically high level. Currently, credit union capital nationwide is above what is required and the equity ratio of the federal insurance fund, the National Credit Union Share Insurance Fund (NCUSIF), has continued to operate in a safe and sound manner.
Regulation & Supervision
Molokai Community Federal Credit Union was chartered under federal law. Federally chartered credit unions are regulated by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government. Cue’s three board members are nominated by the President and confirmed by the Senate.

State chartered credit unions are regulated by their state credit union department. NCUA administers the federal insurance fund, NCUSIF, which covers all federal credit unions, and most state chartered credit unions. No taxpayer money is used for regulating and overseeing federal credit unions, as all activities of NCUA and the NCUSIF are funded by credit unions.
Quick Links
Holiday Schedule
Credit Union National Association
Hawaii Credit Union League