Dear Members,

As we embark on Maui County Federal Credit Union’s 87th year of serving the Maui community, I am honored to share our annual report, reflecting on the significant milestones and challenges we encountered throughout the past year. It is with great pride that I announce the successful completion of our new main office and Wailuku branch, a testament to the tremendous growth in our membership over the recent decades and our dedication to serving our community.

Alongside our members we spent over 300 hours volunteering in our community and helping non-profit organizations including Feed My Sheep, J. Walter Cameron Center, Maui Food Bank, Maui Rapid Response and The Salvation Army. In addition, we deepened the impact of our financial literacy partnerships in our local high schools by providing nearly 2,000 hours of financial education to students in their classrooms at Hana, Maui, Molokai, King Kekaulike and Lahainaluna High Schools.

Amidst the achievements, we also faced adversity, notably in responding to the devastating Maui wildfires. Our team demonstrated exceptional resilience and solidarity, providing essential support and resources to those affected. Although many of our friends, family, and team members were directly impacted, I am grateful to our employees for their unwavering commitment to our mission and members during these challenging times.

We are in the process of changing our core data processing system, the most complex project a financial institution can undertake. In May 2023, we began careful planning and laying the groundwork for a successful transition and I assure you that our team has been diligently working to minimize confusion and unforeseen circumstances for as
seamless a transition as possible. Starting in March 2024, we will be offering members new and improved digital banking services and employees will be taking advantage of internal efficiencies made possible with the core system upgrade.

Looking forward, as we find our rhythm with the new core data processing system, we remain steadfast in our commitment to serving you, our valued members, with the highest level of service and care. Together, we will continue to navigate the ever-changing landscape and make a positive impact on Maui.

Thank you for your continued trust and support.

Aloha,
Gary Fukuroku, CEO & President