We're not quite a bank. And that's a good thing.
At Maui County FCU, we don't have shareholders to answer to, as the 'big banks' do. As a not-for-profit institution, we put the focus on providing our members with every financial advantage possible.
Credit Unions vs. Banks
- Credit unions and banks offer similar services, such as personal loans, vehicle financing, and savings and checking accounts.
- Banks are owned by shareholders. The ultimate goal is to earn profits for the shareholders.
- Credit unions are member-owned. Their primary focus is serving their communities, not making a profit.
- Each credit union member can vote for the organization's policy-setting Board of Directors.
- At a credit union, all excess revenues (beyond operating costs and prudent cash reserves) are returned to members in the form of lower fees, reduced loan rates and enhanced dividends on savings accounts.
- Credit unions also tend to feature more personalized customer service and more local community involvement.
Become a Member
How do you become part of a credit union that's ready to do so much for you? It's pretty easy.
- You're eligible to join Maui County FCU if you live, learn or work in the County of Maui (Maui, Molokai, Lanai).
- You're also eligible if you are an immediate family member (grandparent, parent, stepparent, stepsibling, sibling, child, stepchild or grandchild) of a member or potential member.
- If you meet those guidelines, all you need to do is open a savings account, also known as a Share Account.
