Hawaii State FCU doubles net income in 2018

Hawaii State Federal Credit Union more than doubled its net income last year while growing the number of members by 6.2 percent and total assets by 3.3 percent.

The Honolulu-based credit union, which has members on Oahu and Maui, reported net income of $9.84 million in 2018, an increase of 108 percent from $4.72 million in 2017.

Membership grew to 106,601 members, from 100,370 members in 2017.

Hawaii State FCU’s assets grew to $1.58 billion by the end of 2018, from $1.53 billion in 2017. Loan…

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