HONOLULU–The 1,068 members of the $15-million Board of Water Supply FCU here have voted in favor of merging into the $583-million Hawaiian Tel FCU.
The merger will mean a bonus dividend of more than $1 million being paid back to all BWSFCU members.
BWSFCU was chartered in 1938 to serve Board of Water Supply employees and their families. The credit union has one branch.
“With the Hawaiian Tel FCU merger, BWSFCU members will be able to utilize the expanded network of ten branches, five of which are in-store Walmart branches,” Hawaiian Tel said in a released statement. “BWSFCU members will also benefit from the added products, services, convenience and competitive rates that HTFCU has to offer.”
Hawaiian Tel has nearly 55,000 members.