Haris Ashley
Aloha Pacific Federal Credit Union is a financial institution based in Aiea, Hawaii, serving the local community with a range of banking services. With a focus on providing members with personalized financial solutions, the credit union helps individuals and businesses achieve their financial goals. The credit union offers deposit accounts, loans, credit cards, and resources to help with financial planning. While it is not clear if Aloha Pacific Federal Credit Union is federally insured, they offer insurance products and programs through TruStage Insurance Agency, LLC. These include life insurance, AD&D insurance, and auto and home insurance programs. Additionally, they provide debt protection for personal term loans, credit cards, and lines of credit.
| Characteristics | Values |
|---|---|
| Location | 98-1277 Kaahumanu St, Ste 143, Aiea, HI 96701, US |
| Insurance | TruStage™ insurance products and programs for life, car, accidental death and dismemberment, and home |
| Insurance Provider | CMFG Life Insurance Company |
| Insurance Status | Not federally insured |
| Services | Financial education programs, loans, credit cards, checking accounts, share certificates, home equity line of credit |
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What You'll Learn
TruStage Insurance Products
TruStage has been in the insurance business for almost a century, bringing strength and expertise to insurance, investment, and technology solutions. The company is underwritten by CMFG Life Insurance Company, which has consistently been rated "A" (Excellent) for financial stability by AM Best. TruStage itself has received positive reviews from consumers, with a rating of 4.75/5 stars on TrustPilot.
TruStage's insurance products are tailored to meet the unique needs of credit union members. The company offers comprehensive coverage, including living benefits coverage, that can protect individuals and their loved ones from real-life challenges. TruStage's policies are designed to be quick, affordable, and customizable, allowing policyholders to make payments, review beneficiaries, update contact information, and submit claims easily.
In addition to insurance, TruStage provides investment solutions to help protect and grow assets. They offer a portfolio of investment options that are flexible, easy to understand, and enable confident financial decisions. TruStage also offers technology solutions that give more people access to modern, simplified experiences. The company aims to guide individuals with tools and information to help them choose the right products throughout their life's journey.
Overall, TruStage Insurance Products offer a comprehensive suite of insurance, investment, and technology solutions tailored to meet the diverse needs of credit union members. With their expertise, positive ratings, and focus on customer satisfaction, TruStage helps individuals protect what matters most and make confident financial decisions.
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Federally Insured by NCUA
Aloha Pacific Federal Credit Union is a financial institution based in Aiea, Hawaii. It provides a range of banking services to the local community, with a focus on offering personalised financial solutions to help individuals and businesses achieve their financial goals.
The credit union offers various services, including loans, credit cards, and resources to assist with financial planning and management. They also provide insurance products through TruStage Insurance Agency, LLC. However, it is important to note that the insurance offered by TruStage is not federally insured. While Aloha Pacific Federal Credit Union itself is federally insured, the insurance products available through TruStage are not insured, sold, or guaranteed by the credit union or any financial institution. This means that while your deposits and accounts with the credit union are protected, the insurance products you purchase through their offered provider are not backed by the federal government.
Federal insurance for credit unions is provided by the National Credit Union Administration (NCUA). The NCUA is an independent federal agency that insures deposits at federally insured credit unions, such as Aloha Pacific Federal Credit Union. This insurance protects the money deposited by credit union members, up to certain limits, in the event that the credit union fails or becomes insolvent. This protection ensures that members' funds are safe and provides confidence in the stability of the credit union.
The NCUA insurance coverage includes shares, share drafts, share certificates, and other deposit accounts, such as checking and savings accounts. The standard insurance amount is $250,000 per share owner, per insured credit union, for each account ownership category. This means that if you have multiple accounts at the same federally insured credit union, the coverage limits apply across all your accounts within the same ownership category.
By being federally insured by the NCUA, Aloha Pacific Federal Credit Union provides its members with an added layer of security and peace of mind. Members can rest assured that their deposits are protected, up to the specified limits, even in the unlikely event of the credit union's failure. This federal insurance is a key feature of credit unions and demonstrates their commitment to safeguarding their members' finances.
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Not Federally Insured
The insurance products and programs offered by TruStage™ and made available through Aloha Pacific Federal Credit Union are not federally insured. This includes life insurance, AD&D insurance, and auto and home insurance. These products are issued by CMFG Life Insurance Company and other leading insurance companies, but they are not deposits and are not federally insured, sold, or guaranteed by the credit union or any financial institution.
While Aloha Pacific Federal Credit Union itself may be federally insured, it is important to clarify that the insurance products they offer through TruStage™ are not. This distinction is essential for members to understand, as it means that these specific insurance offerings do not carry the same protections as federally insured products.
TruStage™ insurance products are designed to help credit union members protect their assets and provide peace of mind. They offer a range of insurance options, including life, car, accidental death and dismemberment, and home insurance. These products are backed by a long history of partnership with credit unions and their members. However, it is important to note that the availability of these products may vary by state, and members should review the specific terms and conditions before purchasing any insurance policy.
When considering insurance options, it is crucial to understand the level of protection provided. Federally insured products offer additional security, as they are backed by the full faith and credit of the federal government. This means that, in the event of an insurance company's failure, the federal government guarantees the payment of insured deposits, typically up to certain limits. Non-federally insured products do not carry the same level of government protection, and the risks associated with these products are borne by the policyholders.
In summary, while Aloha Pacific Federal Credit Union provides valuable financial services to its members, the insurance products offered through TruStage™ are not federally insured. Members should carefully review the details of any insurance product before purchasing to ensure they understand the level of protection provided and make informed decisions to safeguard their financial interests.
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Deposit Accounts
Aloha Pacific Federal Credit Union offers a range of deposit account services to its members. Members can open up to 10 accounts with different account numbers and ownerships, with each account requiring a minimum balance of $5 in a savings account.
The credit union provides free services for direct deposits and automatic bill payments, allowing members to deposit paychecks, Social Security checks, pensions, and other recurring payments into their savings or checking accounts. Direct deposits are also available for tax refunds, with online eStatements accessible for enrolled members.
For members who prefer to deposit physical checks, Aloha Pacific FCU offers free cashier's checks, with the option to order checks through online banking or the re-ordering website. Members can also deposit spare change using the Coin Bank machine and receive cash back.
Aloha Pacific FCU also facilitates wire transfers, with no fees charged for incoming transfers, and outgoing transfers incurring a reasonable fee. Members can use the 'Aloha Bank-by-Phone' service to manage their accounts using a touch-tone telephone, as well as receive balance information via text message.
The credit union's ATMs accept check and cash deposits. Two ATMs at the University of Nevada-Las Vegas do not accept deposits. Members can also request a Verification of Deposit form from any branch, which can be completed on the spot.
To open an account with Aloha Pacific Federal Credit Union, a minimum deposit of $5,000 is required.
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Financial Institution
Aloha Pacific Federal Credit Union is a financial institution based in Aiea, Hawaii. It offers a range of banking services to the local community, with a focus on providing members with personalised financial solutions. The credit union helps individuals and businesses achieve their financial goals.
Aloha Pacific Federal Credit Union provides various financial products, including deposit accounts, loans (personal, auto, real estate), credit cards, and resources to help with financial planning and money management. They also offer insurance products through TruStage Insurance Agency, LLC, including life insurance, accidental death and dismemberment insurance, auto insurance, and home insurance.
The credit union is a member-owned institution, and anyone who lives, works, worships, or attends school on Oahu can become a member. They have seven physical locations and also offer online services.
In terms of federal insurance, there is some conflicting information. While one source mentions that Hickam Federal Credit Union, which shares the same address as Aloha Pacific Federal Credit Union, is federally insured by NCUA, another source mentions that the insurance products offered through TruStage are not federally insured. It is important to note that the specific insurance products offered may vary by state, and individuals should always verify the details of any financial product with the institution directly.
Aloha Pacific Federal Credit Union also provides free financial education programs to help members with financial planning and money management. They offer promotions and benefits, such as a free reusable tote bag with the opening of a new Aloha Rewards Checking account.
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Frequently asked questions
Aloha Pacific Federal Credit Union is federally insured by the NCUA.
TruStage insurance products and programs are offered through the Aloha Pacific Federal Credit Union. These include life insurance, AD&D insurance, and auto and home insurance programs.
No, the insurance offered by Aloha Pacific Federal Credit Union is not federally insured. The insurance is provided by TruStage Insurance Agency, LLC, and the CMFG Life Insurance Company.
Aloha Pacific Federal Credit Union will never contact you to ask for your account or password information. Do not provide any information if you receive such a request, as it could be a scam.
