HONOLULU–The Queen’s FCU here has been absorbed via merger by Hawaii Central Federal Credit Union.
The members and board of TQFCU voted to merge with HCFCU in September 2015 after receiving approval from NCUA.
TQFCU’s office in the Queen’s Medical Center was renovated in four days and has re-opened as HCFCU’s Harkness office. Additionally, all TQFCU employees were offered positions at HCFCU.
“This merger between the two credit unions will greatly benefit our 5,000 members with a wider range of products and convenient services to help them reach their financial goals,” said TQFCU President, Edwina Suzuki. “We thank all of our TQFCU members for their loyalty over the years and for their patience during the merger. We will continue to serve you as new members of HCFCU.”
Drake Tanabe, president of the $250-million HCFCU, added, “We are happy to welcome our newest members to Hawaii Central FCU and look forward to serving them. The staff at HCFCU and TQFCU have been working hard for the past few months to complete the merger and open our new office. This is our first branch besides our main office and we are thrilled to have another location to better serve the needs of our members.”