; Education Archives - Page 3 of 4 - Hawaii Central Federal Credit Union

Our offices will close in observance of Christmas on December 25th. Wishing you peace, joy and happiness around friends & family!

Spoof Scam

Sep 13, 2023 | Education, Advisory, Press Room

SCAM ALERT: HAWAII CENTRAL FEDERAL CREDIT UNION MEMBERS RECEIVE SCAM CALLS ASKING FOR SENSITIVE INFORMATION

Honolulu, Hawaii – It has come to our attention that members are receiving fraudulent calls from what appears to be a Hawaii Central Federal Credit Union (FCU) phone number, in which the caller is claiming to be a Hawaii Central FCU staff member and asking for card information. This is a scam. Do not give out any sensitive information.

Scammers use technology called “spoofing” to manipulate caller ID names and phone numbers to get sensitive information and gain access to the victim’s accounts.

Hawaii Central FCU wants to remind members that staff will never ask for your account number, login information or any other confidential information unless the call or inquiry is initiated by the member. If you receive a suspicious call, text, email or letter, please contact us at (808) 536-3677 or our VISA Fraud Department at (888) 918-7313 to verify the inquiry was, in fact, from Hawaii Central FCU.

View Press Release

Upcoming Workshops with Windward Financial

Jul 10, 2023 | Workshops, Education, Advisory

Three More Workshops Scheduled with Windward Financial

“It’s unfortunate that oftentimes people live their lives without a plan,” said Herb Hussey, a Financial Planner with Windward Financial and an industry professional of more than 30 years. Herb is a former Hawaii Central Federal Credit Union (FCU) Board Member and is passionate about helping local families plan for and realize their retirement goals. “The most difficult part about this line of work is seeing people run out of time,” continued Herb who has seen people end up in unfortunate circumstances during their retirement years.

Herb has graciously agreed to provide a series of financial planning workshops for members of Hawaii Central FCU. Please join us for the next three workshops, scheduled as follows:

  • How to Build a Cool Retirement Pyramid: August 9; 5 pm
  • Life Insurance with ABR – Accessing Policy Values Prior to Death: September 6; 5pm
  • Medicare Limitations and Travel: October 4, 5pm

The series, being filmed by `Olelo Community Media, has a live Zoom component, so members are able to ask Herb questions in real time. If you have questions on the upcoming subjects and want to participate in our taping with `Olelo, please complete the registration form, included.

Learn More about Windward Financial

Working to Fight Low College Enrollment with the Student Choice Student Loan Program

Jul 6, 2023 | Ohana, Keiki, Press Room, Education, Advisory

College student with purple backpack and book walking to campus

Working to Fight Low College Enrollment
with the Student Choice Student Loan Program

Having passed the June 30th deadline to complete the Free Application for Federal Student Aid (FAFSA), late applicants for federal financial aid should be receiving their award letters from colleges and universities and will know whether they will need additional funding through a private student loan program like the Hawaii Central Federal Credit Union (FCU) Student Choice Student Loan Program.

The Student Choice Student Loan Program can help fill funding gaps left after students apply for federal student aid to fund their 4-year undergraduate degree. Before Hawaii Central FCU can help, however, students must have filled out the FAFSA for the year in which they are applying to determine whether there is a gap. Once that process is complete, we are here to help when federal student aid is not enough to make the dream of higher education and lifelong career goals a reality. 

The application process is easy; and once approved, the funding renews yearly over the 4-year term through a revolving line of credit for students who continue to meet loan requirements. Loan requirements include meeting academic requirements with their 4-year educational institution.

“Although we are recovering from the pandemic, it had a huge impact on college enrollment, and we want to be a part of the solution,” says Hawaii Central FCU President Drake Tanabe. “Our keiki are our future, and we need to set them up for success.”

According to the 2021-2022 year-end report by P-20, college enrollment remains below pre-pandemic levels. The report states, “Public-school graduates who enrolled in college was down from a pre-pandemic level of 55% to 51%”.

P-20 is a statewide partnership led by the Executive Office on Early Learning, the Hawai`i State Department of Education, and the University of Hawai`i System that works to strengthen the education pipeline from early childhood through postsecondary education and training with data-informed decision making, advocacy, policy coordination and shared action.

College Bundle

College students away from home and their families may want to consider our College Bundle as well. The College Bundle is a host of products and services designed to keep students connected with mom and dad, making it easy for parents to ensure their child is prepared, financially, to meet day-to-day expenses as well as address emergencies as they arise. Video Banking Specialists are available to get families started with the College Bundle, which includes:

  • Central Savings
  • Central Checking with Debit Card (Apply to see if you qualify)
  • VISA Share Secured Credit Card (Apply to see if you qualify)
  • Shared Branching (5,000+ locations nationwide)
  • NO SURCHARGE FEE – ATM Access (30,000+ATMs nationwide)
  • Online & Mobile Banking with Mobile Check Deposit

Those interested in the College Bundle may also come into one of our branches for more information and to get started in person.

View Recent Press Release

July Workshops with Windward Financial

Jun 2, 2023 | Advisory, Workshops, Education

Summer Workshops with Windward Financial

Content Not To Be Construed as a Recommendation, Solicitation, or Offering:  None of the material offered is to be construed as a solicitation, recommendation or offer to buy or sell any security, financial product or instrument.  Many of the products described involve significant risks, and you should not enter into any transactions unless you have fully understood all such risks and have independently determined that such transactions are appropriate for you. Any discussion of the risks contained herein with respect to any product should not be considered to be a disclosure of all risks or a complete discussion of the risks that are mentioned. You should neither construe any of the material contained herein as business, financial, investment, hedging, trading, legal, regulatory, tax, or accounting advice nor make Hawaii Central Federal Credit Union or Windward Financial the primary basis for any investment decisions made by or on behalf of you.  You are encouraged to consult your business advisor, attorney, and tax and accounting advisors concerning any contemplated transactions.
Indemnity:  Without prejudice to any limitations of liability, you will indemnify Hawaii Central Federal Credit Union and hold it harmless with respect to any liabilities (including all costs of investigation and defense) and other damages that directly or indirectly may derive from conducting any business involving Windward Financial, and including, but not limited to, from any use of WindwardFinancial.net to make investment and/or financial decisions.
Third Party Disclaimer: Hawaii Central FCU makes no representations or warranties of any kind, whether expressed or implied, with regard to third party products, services and/or content.

Thanks to everyone who joined us for our recent Financial Planning workshop, Save the House for the Kids, with Herb Hussey of Windward Financial. Members received valuable information on how to use a financial product to help them pass their home on to their children. “It doesn’t work in every situation,” said Hussey, who took participants through four scenarios where a financial product could help members reach this goal.

We are pleased to announce our summer schedule of financial workshops with Herb Hussey of Windward Financial as follows:

  • July 5, 5pm: Medicare- Enrollment, Procedure & Penalty
    In addition to touching upon Social Security and COBRA, the different parts of Medicare will be discussed in this session. Register Below!
  • July 12, 5pm: Savings Options – IRAs, Mutual Funds & Annuities with G.L.I.R./Tax Deferred VS. Tax Free
    To help you with making informed decisions, this workshop will cover different options to save for retirement. Register Below!

PLEASE NOTE that sessions will be held over Zoom and broadcast on `Olelo. Let us know if you are unable to attend via Zoom and need other accommodations. The DEADLINE to register is June 28, 2023.

Looking forward to seeing you there!

Learn More about Windward Financial

PREVIEW: Save the House for the Kids

Full program to air on `Olelo in the coming months. Keeped connected to get the details!

WORKSHOPS WITH WINDWARD FINANCIAL

Apr 5, 2023 | Workshops, Education, Advisory

SAVE THE HOUSE FOR THE KIDS

Hawaii Central FCU announces Save the House for the Kids, a free workshop for members presented by Windward Financial.

The workshop will be held, Wednesday, May 10, 2023, at 5:00 pm via Zoom. There is also an option to attend in person, but seating is limited to the first 20 respondents who indicate a desire to attend in person. The deadline to RSVP is Tuesday, May 2, 2023.

Save the House for the Kids will focus on options for passing on, oftentimes, your most valued asset – regardless of outstanding balances on your mortgage.

Register below for our Save the House for the Kids workshop and express your interest in future sessions.

Learn More About Windward Financial
Content Not To Be Construed as a Recommendation, Solicitation, or Offering:  None of the material offered is to be construed as a solicitation, recommendation or offer to buy or sell any security, financial product or instrument.  Many of the products described involve significant risks, and you should not enter into any transactions unless you have fully understood all such risks and have independently determined that such transactions are appropriate for you. Any discussion of the risks contained herein with respect to any product should not be considered to be a disclosure of all risks or a complete discussion of the risks that are mentioned. You should neither construe any of the material contained herein as business, financial, investment, hedging, trading, legal, regulatory, tax, or accounting advice nor make Hawaii Central Federal Credit Union or Windward Financial the primary basis for any investment decisions made by or on behalf of you.  You are encouraged to consult your business advisor, attorney, and tax and accounting advisors concerning any contemplated transactions.
Indemnity:  Without prejudice to any limitations of liability, you will indemnify Hawaii Central Federal Credit Union and hold it harmless with respect to any liabilities (including all costs of investigation and defense) and other damages that directly or indirectly may derive from conducting any business involving Windward Financial, and including, but not limited to, from any use of WindwardFinancial.net to make investment and/or financial decisions.
Third Party Disclaimer: Hawaii Central FCU makes no representations or warranties of any kind, whether expressed or implied, with regard to third party products, services and/or content.

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Be Informed and Prepare when Away from Home

Apr 20, 2023 | Education, Advisory

videobanking homepage 1

Be Informed and Prepare when Away from Home

In a recent FCC advisory, travelers were warned about juice jacking, a cyber-attack method used to harvest personal data from personal devices at public charging stations, oftentimes found in airports and infected with malware aimed at stealing your data.

To guard against being a potential victim of juice jacking, the FCC offers the following tips:

  1. If using a public port and prompted to “share data”, select “charge only”.
  2. Use an AC power outlet instead of a public USB charging station.
  3. When traveling, remember to bring your own USB cables and AC/car chargers.
  4. Consider using portable chargers and external batteries.
  5. Find a trusted supplier to purchase a charging-only cable to prevent data from transmission during charging.

“We don’t want to scare members, but we do want our members to be prepared to make the right decisions,” says Support Services Manager Travis Uchino who is concerned with raising member awareness about security threats. “Juice jacking can happen at any public charging station, not just those at airports, but it is more apt to happen in a situation where people are desperate for a charge.”

 

 

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