Loans & Lines of Credit
We’re your credit union. Now we want to be your lender too…
We know that you trust your credit union to provide you with excellent member service and the products you need to help you meet your financial goals, but choosing a lender sometimes means taking the better rate, no matter who is doing the financing. But now, with rate match, you don’t have to go anywhere else!
Even if you already have a loan through another lender, it’s not too late to save money and bring that loan home to Ko’olau Federal Credit Union. And, if you’ve found a lower rate for a new loan with another lender, please give us the opportunity to offer you the same or an even better rate!
With our Rate Match Program, you can keep your business with your trusted, local credit union and still get the best rate around.
Eligible loans for the Rate Match Program include:
Auto loans (cars, trucks, vans)
Recreational loans (motorcycles, boats, RVs, etc.)
Other personal loans
Ask one of our friendly and knowledgeable staff if Ko’olau FCU can match your rate!
APPLY HERE to take advantage of our new Rate Match Program today. This is just another reason that Ko’olau FCU is the best place to bank on O’ahu!
*Ko’olau Federal Credit Union may, at its discretion, match the rate offered by another lender (“outside offer”) for a loan of similar terms at Ko’olau Federal Credit Union. The rate match applicant must meet the qualifications of the outside offer and may be asked to provide Ko’olau Federal Credit Union with documentation of the rate/offer. This offer is for New Money Only; rate matching is not available on existing Ko’olau Federal Credit Union loans. Rate matching is not available if the outside offer is a promotional discounted rate, is less than 1.75%, or for lines of credit, credit cards, or business loans. Offer current as of 6/1/2022 and may be changed at any time. All loans are subject to Ko’olau FCU’s credit approval standards and your interest rate is subject to your qualifications for the loan. This Includes your credit history, cash flow and loan-to-value, if applicable.
Mortgage Loans
Whether buying a new home or refinancing your existing loan, our mortgage program provides you with choices. Contact one of our loan officers at 808-254-3566 or email loanservices@koolaufcu.org and we will help you find the right financing with the right terms to match your needs.
Features:
Competitive rates - Our first mortgage loans are competitively priced on a daily basis
Flexible terms – 15 or 30-year fixed-rate loans and ARMs along with points or no points options
A friendly experience– Our goal is to help you find the right loan to match your needs for one of the biggest financial decisions in your life
Home Equity Lines of Credit (HELOC)
| Description | HELOC - Single Family | HELOC - non SFR | HELOC - 95% LTV | HELOC - Investment Property |
|---|---|---|---|---|
| Best for: | Members with equity in their owner-occupied single-family home planning for future liquidity needs. | Members with equity in their owner-occupied condo or townhome planning for future liquidity needs. | Members with equity in their owner-occupied single-family home planning for future liquidity needs. | Members with equity in their single-family home or townhouse planning for future liquidity needs. |
| Loan Purposes: | Emergency fund, home improvements, home additions, the kids’ college education or a new car. | Emergency fund, home improvements, home additions, the kids' college education or a new car. | Emergency fund, home improvements, home additions, the kids' college education or a new car. | Emergency fund, home improvements, home additions, the kids' college education or a new car. |
| Available Credit Limit: | Up to $375,000 | Up to $375,000 | Up to $250,000 | Up to $375,000 |
| Loan to Value: | Up to 80% of the member's residence | Up to 75% of the member's residence | Up to 95% of the member's residence | Up to 70% of the member's investment property |
| Draw period: | 5 years extendable up to 10 years | 5 years extendable up to 10 years | 10 years | 5 years |
| Repayment period: | Up to 30 years | Up to 30 years | Up to 20 years | Up to 15 years |
| Collateral Required: | Fee Simple Single Family Home in Hawaii | Fee Simple Condo or townhome in Hawaii | Fee Simple Single Family Home in Hawaii | Fee simple Single Family Home or townhome in Hawaii |
| Application Fee: | None | None | None | None |
| Annual Fee: | None | None | None | None |
| E-Statements: | FREE | FREE | FREE | FREE |
| Automatic Payments from a KFCU account: | FREE | FREE | FREE | FREE |
| Interest Rate: | Quarterly Adjustable | Quarterly Adjustable | Quarterly Adjustable | Quarterly Adjustable |
| Mobile Banking Access: | FREE | FREE | FREE | FREE |
| Telephone Banking Access: | FREE | FREE | FREE | FREE |
| Online Banking Access: | FREE | FREE | FREE | FREE |
| Shared Branch Access: | FREE | FREE | FREE | FREE |
| In-Branch Access: | FREE | FREE | FREE | FREE |
| Credit Life Insurance: | Available | Available | Available | Available |
| Credit Disability Insurance: | Available | Available | Available | Available |
| Payment Reminders by text or email: | FREE | FREE | FREE | FREE |
Credit Cards
| Description | Secured VISA | VISA Classic | VISA Platinum |
|---|---|---|---|
| Best for: | Members who want to establish a credit rating or borrowers who want to rebuild their credit rating. | A VISA Classic card gives you the spending power you need to establish or repair your credit, while paying a fixed low interest rate so you can make purchases without unnecessary guilt. | The prestige of a VISA Platinum card with rewards. |
| Available Credit Limit | $500 - $15,000 | $500 - $10,000 | $2,500 to $15,000 |
| Balance Transfer Fee: | None | None | None |
| Rewards: | None | None | Earn 1 point for each $1 of eligible purchases. |
| Collateral Required: | 110% of the credit limit must be placed on hold in a non-interest bearing share account prior to the card being issued | None | None |
| Application Fee: | None | None | None |
| Annual Fee: | None | $10 | None |
| E-Statements: | FREE | FREE | FREE |
| Automatic Payments from a KFCU account: | FREE | FREE | FREE |
| Interest Rate: | Fixed | Fixed | Variable |
| Mobile Wallet: | FREE | FREE | FREE |
| Mobile Banking Access: | FREE | FREE | FREE |
| Telephone Banking Access: | FREE | FREE | FREE |
| Online Banking Access: | FREE | FREE | FREE |
| Shared Branch Access: | FREE | FREE | FREE |
| In-Branch Access: | FREE | FREE | FREE |
| Credit Life Insurance: | Available | Available | Available |
| Credit Disability Insurance: | Available | Available | Available |
| Payment Reminders by text or email: | FREE | FREE | FREE |
All terms, including fees and the APRs for new transactions, may change after account opening in accordance with the Agreement and applicable law. Cash advance fee, and foreign transaction fees of 1% of the US dollar amount of the foreign transaction apply. Click here to see important details about the KFCU VISA Platinum Rewards Program.
CURewards – Earn 1 point for each $1 of eligible purchases. Visit www.CURewards.com for details.
Auto Loans
| Description | NEW AUTO | USED AUTO (up to 5 years old) | USED AUTO (between 5 and 10 years old) | MOTORCYCLE |
|---|---|---|---|---|
| Best for: | A pre-approved loan to make that new car purchase a quick and hassle-free experience or to refinance your existing auto loan from another financial institution to a lower interest rate and more affordable payments. | A pre-approved loan to make that used car purchase a quick and hassle-free experience or to refinance your existing auto loan from another financial institution to a lower interest rate and more affordable payments. | A pre-approved loan to make that used car purchase a quick and hassle-free experience or to refinance your existing auto loan from another financial institution to a lower interest rate and more affordable payments. | Up to $25,000 to purchase or refinance a motorcycle |
| Loan Purposes: | Purchase or refinance | Purchase or refinance | Purchase or refinance | Purchase or refinance |
| Terms: | Up to 84 months | Up to 84 months | Up to 60 months | Up to 84 months |
| Interest Rate Discount: | Electric/Hybrid vehicles receive a .50% reduction off the qualifying rate | Electric/Hybrid vehicles receive a .50% reduction off the qualifying rate | Electric/Hybrid vehicles receive a .50% reduction off the qualifying rate | None |
| Collateral Required: | Auto less than 6 months old and less than 3,000 miles | Auto less than 5 years old | Auto between 5 and 10 years old | Motorcycle up to 8 years old |
| Application Fee: | FREE | FREE | FREE | FREE |
| Prepayment Penalty: | None | None | None | None |
| E-Statements: | FREE | FREE | FREE | FREE |
| Automatic Payments from a KFCU account: | Available | Available | Available | Available |
| Fixed Interest Rate: | Yes | Yes | Yes | Yes |
| Car Buying Service: | FREE | FREE | FREE | N/A |
| Mobile Banking Access: | FREE | FREE | FREE | FREE |
| Telephone Banking Access: | FREE | FREE | FREE | FREE |
| Online Banking Access: | FREE | FREE | FREE | FREE |
| Shared Branch Access: | FREE | FREE | FREE | FREE |
| In-Branch Access: | FREE | FREE | FREE | FREE |
| Credit Life Insurance: | Available | Available | Available | Not Available |
| Credit Disability Insurance: | Available | Available | Available | Not Available |
| GAP Insurance: | Available | Available | Available | Not Available |
| Mechanical Repair Coverage (Warranty): | Available | Available | Available | Not Available |
| Payment Reminders by text or email: | FREE | FREE | FREE | FREE |
Click here for AutoSmart Car Buying Service Information.
Click here to upload your insurance binder.
Personal Loans
| Description | SIGNATURE | SIGNATURE AUTO | SHARE SECURED | LINE OF CREDIT |
|---|---|---|---|---|
| Best for: | Short-term borrowing needs or larger purchases with the cost spread out over time to assist with managing your budget. | Accessing the equity in your auto or buying an auto over 10 years old. Also for members who want to establish a credit rating or borrowers who want to rebuild their credit rating. | Members who want to establish a credit rating or borrowers who want to rebuild their credit rating. | Short term borrowing needs, overdraft protection, or as an emergency fund. |
| Loan Purposes: | Consolidate debt, pay for home repair or improvements, finance the vacation of your dreams, and more. | Consolidate debt, pay for home repair or improvements, finance the vacation of your dreams, and more. | Consolidate debt, pay for home repair or improvements, finance the vacation of your dreams, and more. | Cover NSF transactions, consolidate debt, pay for home repair or improvements, finance the vacation of your dreams, and more. |
| Maximum Loan Amount: | $30,000 | $40,000 | Secured shares match outstanding loan balance | $15,000 |
| Terms: | Up to 84 months | Up to 84 months | Up to 120 Months | None - revolving |
| Collateral Required: | None | Auto Title | Secured shares match outstanding loan balance | None |
| Application Fee: | FREE | FREE | FREE | FREE |
| Prepayment Penalty: | None | None | None | None |
| E-Statements: | FREE | FREE | FREE | FREE |
| Automatic Payments from a KFCU account: | FREE | FREE | FREE | FREE |
| Fixed Interest Rate: | Yes | Yes | Yes | Yes |
| Mobile Banking Access: | FREE | FREE | FREE | FREE |
| Telephone Banking Access: | FREE | FREE | FREE | FREE |
| Online Banking Access: | FREE | FREE | FREE | FREE |
| Shared Branch Access: | FREE | FREE | FREE | FREE |
| In-Branch Access: | FREE | FREE | FREE | FREE |
| Credit Life Insurance: | Available | Available | Available | Available |
| Credit Disability Insurance: | Available | Available | Available | Available |
| Payment Reminders by text or email: | FREE | FREE | FREE | FREE |
Additional Loan Services
Loan by Phone
The service is FREE! Apply for the loan you need by calling (808) 254-3566 or one of our Loan Officers at any branch during our regular business hours. Or apply using our online Consumer Loan Application and we'll respond the same day or the next business day.
Electronic Loan Payments
Make a payment to your KFCU loan remotely with our new Electronic Loan Payment program. This service is available 24 hours a day, 7 days a week. It’s fast, easy, and secure!
This program allows you to make payments from another financial institution to your loan at Koʻolau FCU.
If you would like to make a loan payment from your KFCU account, sign into your Online Banking.
Please note, if you are using a debit or credit card, there is a $10.00 processing fee for payments greater than $50.00.
Features:
Make a payment towards your loan using another financial institution’s Visa or Mastercard Debit or Credit card or your Discover Credit Card
Make a payment towards your loan using your checking or savings account from another financial institution
Review payment history up to 2 years
Make a payment to a Loan (Auto, Personal, Home Equity LOC)