Loans

HCEFCU offers a wide array of consumer loans at very competitive rates.

Whether you need one for home equity, an automobile, home improvement, education, bill consolidation, or lines of credit, HCEFCU is committed to providing convenient, low-cost loans to its members. Periodic updates to your original application may be requested to keep records current.

Interest on consumer loans is computed on a simple method on the outstanding principal balance from the date of the loan to the day it is repaid. Interest is calculated on the unpaid balance for the number of days the loan is outstanding. We make sure there are never any pre-payment penalties or hidden charges.

As an additional option, members may purchase Credit Disability or Credit Life insurance coverage at very low rates. Disability and life insurance are important tools to help protect you and your family in the event of disability or death.

Qualified members may borrow an established line of credit for any purpose.

A variety of terms offer the perfect means to fulfill that dream! The credit union is financing up to $25,000 loans with terms of up to 6 years (no collateral).

Borrowing against your savings is the least costly method to obtain your loan.

By using your shares as collateral, you can take advantage of low interest rates while still earning dividends on your savings. HCEFCU members can borrow up to 90% of the balance in their share account or term share certificate account with low interest rates.

Our line of credit gives you cash when you need it.

Our credit lines come with a maximum credit limit of $5,000.00. This is most commonly used for share draft/overdraft protection. Secure your credit with an overdraft protection line of credit!

HCEFCU offers periodic specials on car loans where members can pick just the right terms for their particular budget.

We offer 100% financing for new auto purchases with terms of up to 7 years. For used auto loans, we offer financing based on Blue Book values with terms of up to 6 years.

Want to increase your energy efficiency with photovoltaic panels?

We now offer green loans with very attractive rates. You can receive financing for the installation of new photovoltaic systems up to $30,000.

Home Equity Line-of-Credit with HCEFCU

Use the equity in your owner-occupied or investment property to establish a revolving line of credit which allows you to borrow money as you need it. Call (808) 961-5550 or visit our loan department for an application.

Our Skip-a-Pay loans are offered at special times during the year.

Defer one month’s loan payment(s) for a fee of just $20.00 per loan on any current automobile or closed-end personal loan in good standing with the credit union.

Student Loans with HCEFCU

For college expenses not covered by scholarships and federal loans, Hawaii County Employees FCU has partnered with Sallie Mae to bring you loans with great repayment options and competitive rates.