Hawaii State Federal Credit Union (Hawaii State FCU) has launched an Emergency Member Relief Program to provide immediate financial support to members impacted by the recent Kona low storm floods and ongoing financial disruptions, including the partial government shutdown.
“We understand the hardships many local families are currently facing, whether it’s from the recent floods or disruptions tied to the government shutdown,” said Andrew Rosen, president and CEO of Hawaii State FCU. “These situations can create real financial strain in a short period of time. Our goal is to provide meaningful support through practical options that help ease that burden, provide access to funds, and give our members stability as they navigate recovery.”
Through Hawaii State FCU’s Emergency Member Relief Program, qualifying members have access to a range of support options, including:
- Emergency Assistance Loans — Access up to $5,000 with no payments required for the first three months and no prepayment penalty for qualifying members.
- Deferral on Loan Payments — Payment deferrals on eligible Hawaii State FCU consumer loans for one to three months. Interest will continue to accrue during the deferral period, and the loan term will be extended, resulting in a final balloon payment. Deferral options for mortgages, home equity lines of credit and revolving credit may vary. Members are encouraged to contact Hawaii State FCU for details.
- Penalty-Free Term Share Withdrawals — Withdrawals from existing term share accounts without an early withdrawal penalty.
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