Protection & Security

Unfortunately, things don’t always go according to plan.  And when they don’t, Ko’olau Federal Credit Union is there for you.  We protect more than your finances by partnering with insurance providers that give you peace of mind knowing that you have maximum coverage in the event of an unforeseen, unfortunate circumstance. And, they provide additional insurance or security protection on your identity, loved ones, vehicles, and loans.

Protecting Your Deposits - NCUA Share Insurance Fund

Federally insured credit unions offer a safe place for credit union members to save money. All deposits at federally insured credit unions like Ko’olau FCU are protected by the National Credit Union Share Insurance Fund, with deposits insured up to at least $250,000 per individual depositor. Credit union members have never lost a penny of insured savings at a federally insured credit union. Additional information on NCUA share insurance coverage for consumers is available at MyCreditUnion.gov.

Credit union members can calculate the amount of insured funds at a federally insured credit union using NCUA’s Share Insurance Estimator. The Estimator can be used for personal, business, or government accounts. Personal accounts include individual ownership, joint ownership, payable-on-death (accounts with named beneficiaries), living trusts, and IRAs.

For questions about the NCUA’s share insurance coverage, call (800) 755-1030, option 1, Monday through Friday, 8 a.m. to 5 p.m. Eastern, or send an email to DCAmail@ncua.gov.

Protecting Property

We offer a number of solutions when it comes to covering some of your most important assets:

  • Extended Vehicle Warranty — Most major car repairs occur after the factory warranty period ends. A Vehicle Service Agreement (VSA)* can reduce or even eliminate the financial burden from unexpected and high-cost repairs. Check with a Credit Union representative regarding your options or get a FREE Quote online. Benefits include, but are not limited to towing, car rental and a free 60 day trial period. Powersports warranty option available for motorcycles, All Terrain Vehicles (ATVs), and personal watercraft.

  • Farmers Insurance Auto & Home Insurance Program — Part of car ownership is having the right auto insurance coverage for your needs and Ko’olau FCU has partnered with Farmers Insurance Hawaii, a preferred business partner of the Hawaii Credit Union League. Serving Hawaii since 1955, Farmers Insurance Hawaii can offer Ko‘olau FCU members a special group discount, a dedicated sales and service line with local claims servicing and 24/7 claims assistance, and access to a full line of insurance products. Give Farmers Hawaii a call today at (888) 535-9823 or click here for more information.

Protecting Your Auto Loan

If your vehicle is stolen, accidentally damaged beyond repair or otherwise declared a total loss, you may be liable for the difference, or the “gap” between your insurer’s settlement and your loan balance. Sign up for Guaranteed Asset Protection (GAP) when you apply for your vehicle loan and benefit from up to $1,000 in insurance deductibles, eligibility for as many as five skipped payments and coverage on loan terms up to 84 months and up to 125% LTV!

Protecting You and Your Family

  • TruStage™ Accidental Death and Dismemberment (AD&D) — Financial hardship is one thing your family doesn’t need to worry about if unexpected death should occur. AD&D insures you if you lose your life or a limb in an accident

  • TruStage Term Life Insurance – Get the protection you need, for the length of time you need, at a price you can afford

  • TruStage Life Insurance Policies – Build cash value while protecting your life through permanent insurance

  • TruStage Whole Life Insurance – It’s permanent (lasts your whole life) and your premiums stay the same

Protecting Your Loan

Available on auto and personal loans and credit cards.

  • CREDIT LIFE - Credit Life insurance protects your loved ones in the unfortunate event of untimely death. It’s designed to reduce or pay off a loan balance (up to the policy maximum) if you pass before the loan is repaid. If this makes sense for you, speak with a Credit Union representative today.

  • CREDIT DISABILITY - When injuries and accidents occur, credit disability can help ease the family’s financial burden. Take a moment to consider whether you will need assistance in making your loan payments if you were temporarily out of work due to a covered injury or illness. If this makes sense for you, speak with a credit union representative today.

What is TruStage?

TruStage insurance, investment products and programs are made available by the companies of CUNA Mutual Group. They’re only available to credit union members. That means members have access to discounted rates, financial planning products and services that other financial institutions simply don’t make available.

TruStage works to ensure a members-first experience is delivered from start to finish. To find out more about Accidental Death & Dismemberment, General Insurance and/or Lifetime Income Plans, visit their website by clicking on one of the TruStage options below.

Are you doing enough to manage the hidden risks to your financial well-being? 

If not, contact us today for a free financial wellness check-up!