HOCU was chartered on December 3, 1936 as a financial cooperative for U.S. Federal Employees employed in Honolulu. It was the
fifth credit union formed in what was then the Territory of Hawaii. Today, HOCU has more than 15,000 members with more than $240 million
in assets, served by 40 employees at four branches.
The credit union was chartered as a not-for-profit cooperative, owned by and operated for the benefit of its members. While what a credit
union does is similar to what a bank does (both make loans and accept deposits), it is why we do it and how we do it that make us
different from banks. Credit unions are owned by their members, and any surplus above expenses belongs to its members. Credit unions are
run by unpaid volunteers who serve on the Board of Directors and/or various committees. The board, in turn, hires a staff to handle the
day-to-day operations. Credit unions do not have stockholders and are democratically run, meaning each member has only one vote,
regardless of how much savings they have.
HOCU's mission statement reflects this dedication: "We are committed to serve our members by providing quality services, products and
education to help achieve their financial success."
We also adopted "For a Brighter Future" as our tagline. It is important to us in finding ways to assist our members in reaching their
financial goals, to be assured of that "brighter future".
Interested in joining? We invite you to become another member enjoying the benefits of credit union membership. And to our current
members, we thank you for choosing HOCU to meet your financial needs.
Individuals in the following fields of membership are eligible to join HOCU:
Civilian employees of the U.S. Government headquartered in Honolulu, Hawaii, including civilian and military
employees of all branches of Department of Defense.
Civilian and military personnel of the 14th Coast Guard District who work in or have headquarters in the 14th Coast
Guard District, Hawaii.
Members of the U.S. Armed Forces including the U.S. Coast Guard who live in Hawaii, active or retired, or their
dependents or dependent survivors who live in Hawaii who are eligible to receive and are receiving benefits or services from the Sand
Island Coast Guard Base in Hawaii.
Contractors and employees of contractors who regularly work at the Sand Island Coast Guard Base in Hawaii under
contract with the U.S. Government except those who are eligible for primary membership in another credit union by virtue of their