HFS Federal Credit Union announced the completion of its new Administrative Building, located adjacent to the existing Hilo branch on Kino’ole Street. This milestone marks a significant investment in the organization’s continued growth and long-term commitment to serving the Hawai’i Island community.
Founded in 1937 as the Hawaii Federal-Territorial Employees Federal Credit Union, HFS began in downtown Hilo on Keawe Street before opening its first member-owned building in 1982 at the current Kino‘ole Street location. That facility was later renovated in 1990 to support increasing membership and expanding services. Over the years, HFS has celebrated major achievements—including name changes, additional branch openings, new products and services, leadership transitions, and most recently a refreshed brand identity.
Today, 89 years after its founding, HFS Federal Credit Union is the largest credit union on Hawai‘i Island, serving more than 55,000 members and managing over $1 billion in assets. The new administrative building represents an important chapter in the organization’s evolution – from humble beginnings to its role today as a leading financial institution on Hawai’i Island.
Relocating administrative operations to the new facility will enable the Credit Union to begin renovating the original branch. These improvements will enhance member-facing services, expand service areas, and create additional space for staff dedicated solely to supporting members’ financial needs.
“The completion of our new administrative building is a major milestone in our credit union’s history. It provides us with the infrastructure needed to innovate and expand our financial services for our membership now and into the future.” – Nathan Abe, President/CEO
Members will continue to visit the existing branch at 632 Kino’ole Street for all their financial needs – served by the same trusted team they’ve come to know, now with additional space to grow in the years to come.