What is a Credit Union?
In the United States, credit unions are not-for-profit organizations that exist to serve their members rather than to maximize corporate profits. Like banks, credit unions accept deposits and make loans. But as member-owned institutions, credit unions focus on providing a safe place to save and borrow at reasonable rates. Unlike banks, credit unions return surplus income to their members in the form of dividends.
Also, unlike banks, when you do business with Wailuku Federal Credit Union you do business directly with us and not some corporate office off-island or on the mainland. And, when you open an account with us, you are a member and owner of our credit union and not just another customer. We provide personal service for all of our members and not just for preferred customers; each member is treated as an individual.