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A Local Credit Union That Cares

Credit Unions: Local Service With Big Bank Products

While many banks are national or international brands, credit unions serve a specific geographic area or group of people. Despite this narrowed focus, though, local credit unions can offer many of the same products and financial services as a big bank. In fact, because a credit union's membership group is clearly defined, its products and services are often better suited to a member's situation and needs than those of a "big bank" with headquarters far away.

Here are just a few of the "big bank" products available to Wailuku Federal Credit Union members.

Online & Mobile Banking

We offer online banking at no extra cost to you, allowing you to access your account information and transfer funds online 24 hours a day, 7 days a week. And mobile banking services let you access your accounts, conduct transfers, and schedule online bill payments on the go. You can even deposit checks right from your mobile device with Remote Deposit Capture (RDC). Wailuku Federal Credit Union offers 24/7 online banking through Virtual Branch and mobile banking through the free and secure TouchBanking app.

Bill Payment

Some financial institutions charge for bill payment, but we offer this service at no cost to you, allowing you to easily make payments to those who are unable to deduct from your accounts electronically. This helpful service replaces the need to write paper checks, saving you money on postage and envelopes in the process. At Wailuku Federal Credit Union, you can use online bill pay to make one-time or recurring payments for free, such as monthly rent payments or annual donations. Learn more about all the online banking services we offer.

Payroll Deduction/Direct Deposit

Wailuku Federal Credit Union offers payroll deduction and direct deposit. These services can help you save time, manage your finances, and ensure that your loan payments are made on schedule. We will be happy to help you enroll in these services and connect the payment source to your credit union accounts. Learn more about direct deposit and other money management services at Wailuku Federal Credit Union.

Share Draft (Checking) Accounts w/ Debit Cards

A checking account with debit card access is a fundamental part of convenient banking, and it's no different with Wailuku Federal Credit Union. We offer checking accounts with debit cards for ATM cash withdrawals and point-of-sale purchases, along with a free first batch of checks and free bill pay. We also offer Remote Deposit Capture (RDC), meaning you can make a check deposit by taking a picture of the check with your mobile phone.

In fact, our checking accounts actually include many benefits that a bank's do not. Our checking accounts pay dividends (which are equivalent to interest) while many banks only pay interest with savings accounts or have high minimum balances for interest-bearing checking accounts. Our checking accounts have no minimum balance after an opening minimum balance of only $50. Therefore, you don't need to worry about minimum balance penalties, like you do with most banks. Learn more about our checking accounts.

Home Equity Line of Credit (HELOC)

If your property has sufficient value, we offer a home equity line of credit. A HELOC is a great financing option with unlimited uses to fit your particular needs. HELOCs are often used for home improvement, for tuition, for purchasing photovoltaic systems, as a down payment on another property, or as an emergency source of funds. And the interest that you pay may even be tax deductible. Learn more about the exceptional rates and many uses of our Home Equity Lines of Credit.

First Mortgages

In the past, credit unions were primarily thought of as offering auto and personal loans; however, things have changed. We work together with top-ranked national lenders to offer you a wide array of mortgage loans and services to fit your specific needs, whether it is to refinance your existing loan or to purchase a home.

We take great pride in helping our members to purchase their first-home. We understand that buying a home can seem like an impossible task, so we will walk you through the complex process, step-by-step, to get you in the home of your dreams. Most importantly, though, we have an in-depth knowledge of the local housing market that national banks do not. Learn more about Wailuku Federal Credit Union’s first-time home loans as well as the rest of our mortgage loan programs.

Along with a variety of standard fixed- and adjustable-rate conventional loans, we can also help you qualify for FHA, VA, and USDA loans.

Land Loans

Many lenders do not offer vacant land loans, but we do. As with first mortgages, we offer vacant land loans with low down payment options at competitive rates. Perhaps most importantly, we offer the priceless added benefit of knowing the local market and understanding your particular situation.

World-Class Products With A Local Touch

All of the "big bank" products are offered by Wailuku Federal Credit Union. And you'll also find the local, friendly and personalized touch that helps us serve you best.

Ready for a Better Banking Experience?

Let's schedule a time to have you stop by and meet with one of our team members.

I recently applied for a mortgage loan at Wailuku Federal Credit Union. The employees there were very helpful and knowledgeable and answered all of my questions. Without their help I would not have been able to purchase my home. I highly recommend seeing them for your financing needs.
-Lance B.