Regulator approves merger of two local credit unions
Advertiser Staff
The National Credit Union Administration has approved the merger of Inter-Island Federal Credit Union with Aloha Pacific Federal Credit Union.
The combined entity will have about $485 million in assets and six branches. Inter-Island Federal contributed about $10 million in assets and a branch located at 2200 Kamehameha Highway in Honolulu to the merger.
"Inter-Island members will enjoy expanded services while we get a long-desired Kalihi branch location and new membership opportunities," said Wallace Watanabe Aloha Pacific president and chief executive officer, in a news release.
The combined operation also will have 45 ATM locations and 29,700 members.
