Accounts
Regular Share Account (Savings Account)
Our share account is your first step to establishing your membership and becoming a member/owner.
Which Share Account Type is Best for Me?
Ko’olau Federal Credit Union offers several different types of accounts to help you conveniently manage your money and banking transactions. Whether you want to save for a rainy day, special events, or your child’s future, we have a share account to make your life easier and your goals obtainable.
Review the options below to help you make your decision, or contact us at info@koolaufcu.org for assistance from our pleasant and professional representatives.
Open your account online using this convenient link or in person at one of our branches. We’re here to make the account opening process as fast and simple as possible. We’ll even help you transfer your initial deposit from your existing financial institution.
| Description | Savings | Club Savings | Kids Club | Christmas Savings | Vacation Savings | IRA Savings - Traditional, Roth, or Education |
|---|---|---|---|---|---|---|
| Best For: | The first step to establishing your membership and becoming a member/owner for life | The first step to establishing an account for your informal group, unit, business or club | The first step to establishing a lifetime membership and becoming a member/owner for your child 0 to 12 years old | Keep a separate savings account for Christmas purchases. It is set up as a separate sub account apart from your regular savings account for easy record keeping and budgeting | Keep a separate savings account for a vacation or other special occasion. It is set up as a separate sub account apart from your regular savings account for easy record keeping and budgeting | Keep a separate savings account for your retirement or education needs |
| Initial Deposit: | $5.00 deposit purchase one share and earns you the value and benefits of membership | $5.00 deposit purchase one share and earns you the value and benefits of membership | $25.00 deposit purchase one share and earns you the value and benefits of membership | None | None | None |
| Earns Dividends: | Quarterly | No | Quarterly | Quarterly | Quarterly | Quarterly |
| Card Access: | ATM Card or VISA Debit Card | ATM Card or VISA Debit Card | ATM Card or VISA Debit Card | Transactions Restricted | Transactions Restricted | Not Available |
| E-Statements: | FREE | FREE | FREE | FREE | FREE | FREE |
| Direct Deposit: | FREE | FREE | FREE | FREE | FREE | FREE |
| Mobile Deposit: | FREE | FREE | FREE | FREE | FREE | Transactions Restricted |
| Mobile Banking: | FREE | FREE | FREE | FREE | FREE | Transactions Restricted |
| Telephone Banking: | FREE | FREE | FREE | FREE | FREE | Transactions Restricted |
| Online Banking: | FREE | FREE | FREE | FREE | FREE | Transactions Restricted |
| Shared Branch Access: | FREE | FREE | FREE | FREE | FREE | Transactions Restricted |
| In-Branch Access: | FREE | FREE | FREE | FREE | FREE | FREE |
| Zelle: | -- | -- | -- | -- | -- | -- |
| Mobile Wallet: | FREE | FREE | FREE | FREE | FREE | Not Available |
Checking & Money Market Accounts
| Description | Checking | Club Checking (Club Share Draft) | Money Market |
|---|---|---|---|
| Best for: | The best choice for easy access and daily transactions by check, card or electronic transfers | The best choice for easy access and daily transactions by check, card or electronic transfers for your informal group, unit, business or club | If you tend to keep a higher balance in your savings account, but don't want the restrictions of a share certificate, our money market savings may be just what you need to maximize your earnings with full liquidity, flexibility and safety |
| Earns Dividends: | Monthly | No | Monthly |
| Card Access: | VISA Debit Card | VISA Debit Card | Transactions Restricted |
| E-Statements: | FREE | FREE | FREE |
| Check Images: | FREE | FREE | Not Available |
| Direct Deposit: | FREE | FREE | FREE |
| Mobile Deposit: | FREE | FREE | FREE |
| Mobile Banking: | FREE | FREE | FREE |
| Overdraft Protection: | Available | Available | Not Available |
| Account Alerts: | FREE | FREE | FREE |
| Telephone Banking: | FREE | FREE | FREE |
| Online Banking: | FREE | FREE | FREE |
| Shared Branch Access: | FREE | FREE | FREE |
| In-Branch Access: | FREE | FREE | FREE |
| Zelle: | -- | -- | -- |
| Mobile Wallet: | FREE | FREE | FREE |
| BillPay: | FREE | FREE | FREE |
Certificates
| Description | Share Certificate | Super Share Certificate | IRA Share Certificate - Traditional, Roth/Education |
|---|---|---|---|
| Best for: | Higher locked-in dividend rates for a period that best suits your needs with the safety of a federally insured account | Higher locked-in dividend rates for a period that best suits your needs with the safety of a federally insured account | Higher locked-in dividend rates for a period that best suits your retirement or education plan with the safety of a federally insured account |
| Initial Deposit: | $1,000 | $5,000 | $500 |
| Earns Dividends: | Quarterly | Quarterly | Quarterly |
| Available Terms: | 6 months to 60 months | 12 months | 13 months to 60 months |
| Bump-Up Option: | No | Enjoy the features of a Share Certificate AND the protection of a one-time bump up to a higher rate should our certificate rates increase during the term of your certificate. Higher rate applicable for the remaining term only | No |
| Withdrawal Penalty: | Yes | Enjoy the flexibility to make a one-time withdrawal (without penalty) of up to 50% of the principal balance during the term of your certificate | Yes |
| Add-on Deposit: | No | Enjoy the flexibility to make a one-time additional deposit (without penalty) during the term of your certificate to replace funds withdrawn under the one-time withdrawal option | No |
| E-Statements: | FREE | FREE | FREE |
| Mobile Banking: | FREE | FREE | FREE |
| Telephone Banking: | FREE | FREE | FREE |
| Online Banking: | FREE | FREE | FREE |
Kids Accounts
An account for those who are SPECIAL to you!
Open with a minimum of $25.00
No monthly fees
For kids ages 0-12 years
Earn points on deposits to redeem for prizes