2017 ESPN 1420 Sports Festival


On Saturday, July 1, HiTel FCU staff participated in the ESPN 1420 Sports Festival at the Neal S. Blaisdell Center Exhibition Hall. The free festival was presented by UnitedHealthcare Community Plan, Hawaiian Tel Federal Credit Union, and Kamehameha Schools which featured a wide variety of sports, fitness and health related activities!

Attendees tried their “luck” in the Lucky Luck game at HiTel FCU’s booth. To view more pictures from the event, visit our Facebook fan page “Hawaiian Tel FCU”.



Check out my high score!


The National Credit Union Administration, commonly referred to as NCUA, is an independent agency of the United States government that regulates, charters and supervises federal credit unions. NCUA also operates and manages the National Credit Union Share Insurance Fund (NCUSIF). Backed by the full faith and credit of the U.S. government, the NCUSIF insures the accounts of millions of account holders in all federal credit unions and the vast majority of state-chartered credit unions.


Share insurance coverage offered through the NCUSIF protects members against losses if a federally insured credit union should fail. You can confidently join and conduct business with federally insured credit unions because no member has ever lost a penny from accounts insured by the NCUSIF.

Historically, insured funds are available to members within just a few days after the closing of an insured credit union. Failures of federally insured credit unions are rare because only those with sound operational standards qualify to receive NCUSIF coverage. NCUA also regularly reviews the operations of all federal credit unions and works closely with state regulatory authorities to evaluate federally insured, state-chartered credit unions.


The NCUSIF provides all members of federally insured credit unions with $250,000 in coverage for their single ownership accounts. These accounts include regular shares, share drafts (similar to checking), money market accounts, and share certificates. Individuals with account balances totaling $250,000 or less at the same insured credit union are fully insured.

If a person has more than $250,000 at any single credit union, several options are available for additional share insurance coverage because, as discussed in greater detail (right), the NCUSIF provides separate insurance for other accounts.

Members have full NCUSIF coverage at each federally insured credit union where they are qualified members. While the NCUSIF coverage protects members at all federally insured credit unions from losses on a broad spectrum of savings and share draft products, it does not cover losses on money invested in mutual funds, stocks, bonds, life insurance policies, and annuities offered by affiliated entities.


All members of federally insured credit unions have options for coverage that is separate from and in addition to the coverage available to their single ownership accounts.

  • RETIREMENT ACCOUNTS: Members with traditional and Roth Individual Retirement Accounts (IRAs) and KEOGH retirement accounts at federally insured credit unions have additional coverage available at each federally insured credit union where they qualify and become members. The NCUSIF insures traditional and Roth IRAs for $250,000 in the aggregate at each credit union. Additionally, NCUA insures KEOGH accounts separately in the aggregate to $250,000 at each credit union.

    Retirement account insurance protection is separate and apart from insurance coverage on other credit union accounts .For example, if you have a regular share account, an IRA, and a KEOGH at the same credit union, the NCUSIF insures the regular share account for up to $250,000, the IRA for up to an additional $250,000, and the KEOGH for up to an additional $250,000.

  • JOINT ACCOUNTS: Joint accounts are owned by two or more people who have equal rights to withdraw money from the account and no beneficiaries are named. These accounts can include regular shares, share drafts (similar to checking), money market accounts, and share certificates. The NCUSIF provides each joint account holder with $250,000 coverage for their aggregate interests at each federally insured credit union.

    For example, a two person joint account with no beneficiaries has $500,000 in coverage. This coverage is separate from and in addition to the coverage available for other accounts such as individual accounts with no beneficiaries and retirement accounts.

  • TRUST ACCOUNTS: The NCUSIF provides separate coverage for both revocable and irrevocable trusts. Credit unions can establish a common informal revocable trust payable-on-death account without additional documentation; however, some trusts require additional, valid documentation to qualify for coverage. While this briefly discusses how the NCUSIF insures trusts, members should consult appropriate professionals to properly establish and document trust arrangements.
  • REVOCABLE TRUSTS: Revocable trust accounts may qualify for insurance coverage of up to $250,000 per beneficiary named by the owner (if a member of the credit union) that is separate from the individual coverage available to the trust owner (also referred to as grantor or settlor). For example, if a person with a revocable trust for $750,000 names a spouse and two children as beneficiaries, the entire $750,000 would have separate NCUSIF coverage ($250,000 per beneficiary). This coverage is separate from the coverage provided to the other types of accounts held by the trust’s owner at the same federally insured credit union.
  • IRREVOCABLE TRUSTS: Irrevocable trusts have separate coverage based on the beneficial interest. The interest of each beneficiary in an account (or accounts) established as an irrevocable trust has separate NCUSIF coverage of up to $250,000. In cases where a beneficiary has an interest in more than one trust arrangement created by the same owner, the interests of the beneficiary in all accounts established under such trusts are added together for insurance purposes and insured for a total of up to $250,000


Federally insured credit unions are required to indicate their insured status in their advertising and to display the official NCUSIF insurance sign in their offices and branches. For a complete directory of federally insured credit unions, visit +NCUA’s agency website at ncua.gov.


The NCUA Electronic Share Insurance Estimator is available to help members better understand the protection offered by the NCUSIF. This interactive site allows users to input data to compute the amount of NCUSIF coverage available under different account scenarios. This resource is available at MyCreditUnion.gov/estimator.

More information about what accounts are insured in this brochure:
Your Insured Funds

Welcome to our ohana, Maui!


On May 17,  Hawaiian Tel FCU welcomed the Maui Branch to our ohana!  Our newest branch located in the Kahului WalMart is our sixth in-store Walmart location! Within our branch we’ve invited Valley Isle Community Federal Credit Union (VICFCU) to co-locate with us. As a long time financial partner of ours doing member Corresponding Credit Union servicing and now Shared Branching, it was a natural match. Both credit unions will be servicing their own members and Hawaiian Tel FCU will also service VICFCU members.

We started our grand opening day with a blessing from Kahu Alalani Hill. She blessed us and Walmart with her pahu and provided a fitting ceremony for the occasion.

Hawaiian Tel FCU president Norman Okimoto, Board Chairman Primo Pimental, and Hawaiian Tel FCU’s marketing team, were there to witness the blessing, along with Yoko and Kalea!

VICFCU’s CEO Trevor Tokishi, Board members, senior staff and in-store branch staff were also present at the blessing.

Our Maui Branch is located at 101 Pakaula St. inside of Kahului Walmart. You may reach them at (808) 866-5288  and email maui@hitelfcu.com.


Maui Branch hours are, Monday through Friday, 10:00 a.m. – 7:00 p.m. and Saturdays, 10:00 a.m. – 4:00 p.m. We hope to see you there!

2017 80th Annual Meeting and Dinner

On Saturday, March 25, we held our biggest event of the year- our 80th Annual Meeting and Dinner at the Sheraton Hawaii Ballrooms.

The evening kicked off at 5:00pm with the Annual Meeting.  Over 500 Hawaiian Tel FCU members filled the meeting room as Chairman Primo Pimental and other board members shared of this past year’s financial success with the credit union.  President Norman Okimoto proudly shared that Hawaiian Tel FCU’s received recognition that we are one of the healthiest credit unions in the nation.  Hawaiian Tel Federal Credit Union were one of the 64 credit unions who made the list of top 200 credit union for the second year. This is a reflection of the collective efforts of our members, staff, and volunteers of the credit union over the years!

Then came the moment all the members were waiting for – the door prizes!  Thousands of dollars in door prizes were given out to enthusiastic attendees. Lucky members won prizes from gift cards, electronics, a 55″ LED TV, Disneyland or Seaworld passes, an overnight stay at the Sheraton, and the grand prize – a trip for two to Las Vegas!  Augie T was there to announce the winners and their prizes, all while entertaining the crowd.

The meeting lasted about an hour, and as soon as it was over, everyone headed to the next ballroom for the dinner portion of the night. We were served a delicious 8-course Chinese dinner that included Chicken Soup, Ginger Chicken, Spicy Kung Pao Shrimp, Ham w/ Baby Bok Choy, Oyster Beef, Sweet N Sour Fish, Chop Suey Noodle. For dessert: chilled Almond Float.  Everything was super ono!

The entertainment for the night started with Darren Benitez, who performed numerous songs like his famous “Donkey” song. Afterwards, Ben and Maila performed Disney songs. The evening ended with Mystical Sounds starting the dancing portion with the Electric Slide. Thanks to these performers and their beautiful voices and songs.

The 80th Annual Meeting and Dinner was an overall huge success. A big MAHALO to everyone who came to join us!  We hope you all had a wonderful night, and we look forward to seeing you all again next year!

Check out all of our Annual Dinner photos here!

Pearl City Branch Opening

On Monday, April 25th, Hawaiian Tel FCU welcomed the newest addition to our ever-growing ohana: the Pearl City Branch!  Our newest branch is nestled inside the Pearl City WalMart, and is our fifth in-store Walmart location!

The morning started off with a special blessing from Pastor John from New Hope Chapel Iwilei.  There to witness the blessing were the branch staff, HiTel FCU president Norman Okimoto, HiTel FCU’s marketing team, and a line of HiTel members eager to be the first customers.  Even Yoko and Kalea were there to celebrate the branch’s opening.

IMG_3636Check out more of our photos from Pearl City Branch’s opening here.

Don’t forget to join us for our Grand Opening Celebration on Saturday, May 28th, from 10am to 2pm.  Stop by for a fun-filled day of games and prizes!  Enter your name into our drawing for a chance to win  a drone, a FitBit Blaze, or other awesome prizes.  You can also play our slot machine for a chance to win an Infiniti Q50.  Hope to see you there!