APR=Annual Percentage Rate. Subject to credit approval. The Annual Percentage Rate (APR) you receive for the above accounts will be within the range disclosed and is based on certain credit-worthiness criteria. Ask the Credit Union for the rate you qualify for.

All the advances are secured by any property specifically pledged and shares on deposit with the Credit Union. In addition ALL advances are cross-collateralized by all property and shares pledged to secure any sub-account or advance. For example, a car pledged to secure a New Automobile Sub-account will also secure a Signature sub-account. Cross-collateralization does not apply to your home, any Keogh or IRA accounts with us, or to property defined as household goods under Regulation AA or 12 CFR §706.

Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawaii. A minimum opening balance of $50.00 is required to open a Savings Account.

Share Certificate Secured Loan: The Annual Percentage Rate (APR) for Certificate Secured advance will be the dividend rate being paid on regular shares (Index) on the date of the advance plus 2%. The Certificate must be renewed until the advance is completely paid. When the Certificate is renewed, the APR will change to reflect the new dividend rate. Any increase in the APR will result in more payments of the same amount until what you owe has been repaid. The current APR will be disclosed at the time of the advance. The payment amount disclosed on the disbursement receipt will be an approximation of the interest payment that will be due on your first due date. A billing statement will be sent to you on a monthly basis, which will disclose your interest payment due for that billing cycle. The number of interest only payments will be determined by the remaining term of the Share Certificate secured for the loan. The outstanding principal balance and accrued interest will be due in full upon maturity of the Share Certificate.

Share Secured Loan: The Annual Percentage Rate (APR) for Share Secured advances will be the dividend rate being paid on regular shares (Index) on the date of the advance plus 2%. If there is an existing balance on the date of the new advance, the existing balance will be added to the new advance and the entire balance will be at the new APR. The rates will change as the dividend rate on the shares (Index) changes to reflect any change in the Index. Any increase in the APR will take the form of more payments of the same amount until what you owe has been repaid.

Share Secured Line of Credit: Line advances will be given in increments of $100.00. Your monthly payment will be calculated at $35.00 per $1,000.00 in line balance at the time of your billing cycle and is due on the last calendar day of every month. Rates are subject to change without notice.