July 2016 • Volume 38 • Number 7

Branch Holiday Schedule In observance of the following holiday, all credit union Members Enjoy Day at branches, administrative offices and the Member Service Call Center will be closed: State FCU hosted its first Member Zoo Day at the Honolulu Zoo on June 4 as part of our Family Event Series. Hundreds of members July 4 Independence Day turned out to spend a sunny day checking out the animal exhibits. It was great to meet many of our members and their families. We look forward to seeing you at another event this year. For upcoming member events, stay up to date at www.HawaiiStateFCU.com/events. Let’s Talk – Business Learn About Our Business Banking.

At Hawaii State Federal Credit Union, our business is to help you succeed. And when it comes to the business market, we don’t believe in the usual one- size-fits-all approach. Yes, we can offer member clients higher rates on deposits and lower fees, but it is our personalized approach and customized solutions that make us different. We are Hawaii’s credit union, and we believe in helping our small businesses get the loans they need to move their Hawaii State FCU Donates $25,000 company forward or credit cards that conveniently to Friends of the Library of Hawaii handle everyday purchases while maximizing any rewards. See how our Merchant Services can help For the fourth consecutive save your business time and money. Whether you’re year, Hawaii State FCU has a mom-and-pop shop, professional, or small LLC with donated $25,000 to the investment property, come get to know our new Friends of the Library of Business Banking team and see why we could be just Hawaii at its Annual Book the right partner for you. Sale at McKinley High School. For more information, contact Carol Higa, Senior VP This year marked the third of Business Banking and Credit Administration, year of our title sponsorship at (808) 447-7022 or [email protected]. with Hawaii State FCU contributing more than $46,000 in sales since 2013 at our Members Preview Night in which members get first dibs on donated books.

We further help the Friends of the Library of Hawaii with pop-up bookstores at our Main and Alii branch with more than $15,000 in proceeds so far going toward Hawaii’s public libraries. Thank you for helping us raise money for the Friends of the Library of Hawaii with your purchase of books!

Caption: Hawaii State FCU presented a check for $25,000 to Friends of the Library of Hawaii on June 17 at the FLH Annual Book Sale Members Preview Night. Main Branch* Debit Sweepstakes Winner Announced for May 560 Halekauwila Street Mapuana Lew was having a bad day when her dog got bit by another Mon. to Fri. - 7:30am to 5:00pm dog. But that all changed when Hawaii State FCU made her day when State Paydays - 7:00am to 5:00pm she received notice that she had won $500 in our Debit Sweepstakes Ali‘i Branch promotion for the month of May. Mapuana, a member since 2008, Downtown, Ali‘i Place said she uses her Hawaii State FCU debit card all the time for the 1099 Alakea Street, Suite 100 Mon. to Fri. - 7:30am to 5:00pm convenience, especially when she travels. The Debit Sweepstakes State Paydays - 7:00am to 5:00pm ended last month so in our next issue you will see our final winner. Kaimuki Branch* Caption: Mapuana Lew, left, receives her $500 check from Main Branch Kaimuki Shopping Center Manager Loren Nakaoka for winning our Debit Sweepstakes promotion in May. 3221 Waialae Avenue, Suite 16-B6 Mon. to Fri. - 8:00am to 5:00pm Saturday - 9:00am to 1:00pm

Earn Double Rewards for Using Your Hawaii State FCU Credit Card Kaneohe Branch* Earn double rewards for each dollar in qualifying travel and dining purchases made using Kaneohe Bay Shopping Center your Hawaii State FCU credit card through the end of July. If you’re a Visa® Signature credit 46-047 Kamehameha Highway, #7 cardholder you’ll earn 2% cash back or, if you’re a Platinum Rewards credit cardholder, you’ll Mon. to Fri. - 9:00am to 6:00pm Saturday - 9:00am to 1:00pm earn Double CURewards® points! Kapolei Branch* Qualifying transactions include: Kapolei Shopping Center • Airlines 91-590 Farrington Highway, Suite 140 • Automobile and Boat Rentals Mon. to Fri. - 9:00am to 6:00pm Saturday - 9:00am to 1:00pm • Hotels and Resorts Mililani Mauka Branch* • Cruise Lines, Bus Lines and Trains 95-1095 Ainamakua Drive, #9 • Restaurants Mon. to Fri. - 9:30am to 6:30pm Saturday - 9:00am to 1:00pm For additional terms and conditions, visit www.HawaiiStateFCU.com/credit-card-promo. Pearlridge Branch* Westridge Shopping Center Important: IRA Withholding Notice 98-150 Kaonohi Street, #C101 Mon. to Fri. - 9:00am to 6:00pm Payments and distributions from your IRA are subject to federal income tax withholding. Saturday - 9:00am to 5:00pm You have the right to elect not to have withholding apply to any payment or distribution. Kahului Branch Your election remains effective until it is revoked. You may revoke your election at any Triangle Square time. Withholding from IRA payments, when combined with other withholding, may relieve 425 Koloa Street, #101B you from payment of estimated income taxes. However, your withholding election does not Mon. to Fri. - 8:30am to 4:30pm affect the amount of income tax you pay. Penalties may be incurred under the estimated tax Saturday - 9:00am to 1:00pm payment rules if the payments of estimated tax are not adequate and sufficient tax is not Member Service Call Center withheld from the payment or distribution. Oahu: ( 808 ) 587-2700 Toll-free: 1 ( 888 ) 586-1056 Please call our Member Services Call Center at 587-2700 or toll-free at 1 (888) 586-1056 if you would like to make a change to your federal tax withholding election. Hawaii State FCU www.HawaiiStateFCU.com does not provide legal or tax advice. Please consult your attorney or tax advisor if you have /HawaiiStateFCU any questions. *Coinstar Available

Board of Directors Chairman Grant Tanimoto Vice Chairman Ryan Morita Treasurer Terrance Aratani Secretary Rochelle Lee Gregson Director Marion Higa Director William “Bill” Milks Get out and have some fun with our Director Kaulana Park hot Summer Loan. Supervisory Committee www.HawaiiStateFCU.com/summer-loan Chairman Joshua “Josh” Strickler Secretary Susan Ee

*Offer good from 6/1/2016 to 8/31/2016. APR is for a one-year term loan and it includes a 0.25% Member Derrick Inouye discount for automatic payment from a HSFCU Checking account. Without automatic payment, Member C. Manu Kaiama the APR will be 0.25 percentage points higher. This is the lowest rate available for a one-year term. Your APR will be based on your creditworthiness and may be higher. Payment Example: A Member Stanley Sawai loan of $1,000 with a 2.99% APR will have 12 monthly P&I payments of $85.01, which includes $20.10 total interest paid. Offer applies to new HSFCU loans only. Certain terms and conditions apply. Membership in the credit union is required. President & CEO - Andrew Rosen