2025 1st Quarter Newsletter

Jan 6, 2025

The hickam difference. We can make it better, together


President’s Message

2025

With the New Year upon us, it's a time to look ahead to hopeful possibilities and exciting opportunities and be patiently optimistic about the future. It's also a time when we pledge to do great things and face challenges with determination. 

As we move forward into the New Year, I am proud to reflect on 2024 and all the accomplishments we made at Hickam Federal Credit Union. We steadfastly navigated the uncertain economy and inflation that has impacted our credit union, members, and staff and persevered through these challenging times.

Throughout 2024, Hickam FCU worked hard to support our members' needs by enhancing our product and service offerings. We introduced an all-new Skip-A-Pay program, which allows members to skip an eligible loan payment for a nominal fee. This program gives members the opportunity to have a little extra financial breathing room when needed. Since its launch, over 215 members have taken advantage of the Skip-A-Pay program.

We also implemented an online appointment scheduler. Members can now schedule in-person appointments for their financial needs via our online appointment scheduling portal. Members also receive email reminders to help keep appointments top-of-mind.

We had many opportunities to connect with the community in 2024. Mahalo to our members, staff, and Board of Directors for contributing to our Children's Miracle Network, Hawai'i Foodbank, and Hickam First Sergeants Angel Tree campaigns. We also provided financial education to students from the Hickam Teen Center and the Mililani GLOW Homeschool Group. We were glad to offer an engaging experience to help empower the students with essential money management skills that will benefit them for a lifetime. In addition, we awarded $2,000 scholarships to five deserving students as part of our College Scholarship Program. Our team also volunteered for several Keiki & Kupuna ID events to help make our community safer.

Also, as mentioned in our 4th Quarter 2024 Newsletter, Hickam FCU will undergo a rebrand in 2025, including an all-new name and logo. We've spent much of the past year working hard to lay the groundwork for our exciting rebranding journey that will roll out in the months ahead. Keep reading for the official reveal of our all-new name and logo!

These undertakings were a tremendous challenge, but with dedication and hard work, we pursued our goals with vigor and determination. 

2025 will be an exciting time for the credit union and wouldn't be possible without the loyalty and support of our members. On behalf of our volunteer Board of Directors, management, and staff, we once again extend a healthy, prosperous, and Happy New Year to you and your families.

 

Scott Kaulukukui, President/CEO of Hickam FCU

Scott Kaulukukui
Hickam FCU President/CEO

 

Our New Chapter


As you may have read in our last newsletter, Hickam Federal Credit Union is embarking on a rebranding journey, including an all-new name and logo. This rebranding marks an exciting new chapter in the credit union's 88-year history, reflecting its evolution and commitment to providing exceptional service to its members.

Over a year and a half ago, we started our rebranding journey with the research phase, where we took a deep dive into the history and culture of our credit union. Multiple focus groups consisting of members, non-members, staff, and our Board of Directors gathered to discuss the importance of a name change and reactions to potential names. Understanding how all stakeholders perceive the credit union was critical to developing a relatable name and brand that was authentic to who we are.

Born from the research was the development of an overarching statement that describes who we are and what we stand for:

 

Our loyalty is to you. Our commitment is to be there for you. No matter where you are in life – no matter the goals you've set – we won't leave you behind. You are a member, and that means we're invested in your future.

 

The two primary strengths of this statement are the idea of our credit union being there throughout the various life stages of our members and the concepts of commitment and loyalty. It is an integral part of how our new name was chosen.

Based on the outcome of the extensive research, a new name that authentically represents our credit union was selected.

Without further ado, we'd like to introduce you to:

Lokahi Federal Credit Union

 

Why Lōkahi Federal Credit Union?
The word Lōkahi means unity, harmony, and accord. It lends itself to the underlying power of uniting together to serve our member's needs. In togetherness, there is strength; in common purpose, there is commitment. Lōkahi is also a nod to both our original founding members who came together to create our credit union and our island heritage, as in both cases, the virtues of working together as one are manifested.

Furthermore, in a study of traditional Hawaiian health practices, research states that Lōkahi is the central concept of Ancient Hawaiian holistic health beliefs. Specifically, the "Lōkahi Triangle" of physical, mental, and spiritual/environmental elements must be in balance or in harmony for one to be in good health. Lōkahi Federal Credit Union seeks to help bring harmony to our members' lives by using our role as a trusted financial partner to bring balance to their finances and, therefore, provide them the peace of mind needed to help promote their well-being.

With a Hawaiian name chosen for our credit union, it was important that we met with a Community Elder, a Linguist/Hawaiian Language Teacher, and a Cultural Expert from the Hawaiian community. All those consulted provided opinions and interpretations of the new name, ensuring its use to be authentic and respectful. After learning about our credit union's history and core values, all experts felt the name Lōkahi Federal Credit Union perfectly defined our purpose and who we are.

The New Logo
Looking at the logo, true to the promise of the Lōkahi name, this design visually reinforces the idea of unity and working together for a common purpose. The iconic artwork represents four people joined together as one, raising their arms to symbolize infinite possibility. Further, these four people represent our stakeholders, "Our members," "our community," "our volunteers," and "our staff."

The design is balanced and symmetrical, contributing to the sense of unity. It is reminiscent of a Hawaiian quilt in its shape, a reference to Lōkahi Federal Credit Union's local roots and commitment to our members and community.

The logotype or font used is distinct and evokes a feeling of the islands while retaining a clean and legible appearance. Every element of the logo works together, reflecting the essence of Lōkahi. The "K" in the logotype is evocative of a wa'a or canoe sail, while the "A" is reminiscent of a Hawaiian hale or house. The kahakō or line over the "O" emphasizes the pronunciation of the name, "Lōkahi". Not only does it change the sound of the word, it often changes its meaning.

Why the Change?
The decision to rebrand stems from a common misconception that, based on our current namesake, Hickam FCU, one must be affiliated with the military to join. Since our island-wide membership expansion in 2011, we often encountered prospective members who never considered joining based on this perception. With our dedication to staying relevant in today's dynamic financial landscape and continuing on the path of growth, the need to rebrand became clear. This rebrand ensures that the credit union's identity aligns with its future vision while maintaining its deep connection to its roots.

What's Changing?
While the name is changing, members can rest assured that the credit union's core mission remains the same: we will always work together to make things better for our members and the community we serve.

 The rebrand includes:

  • An all-new name that represents who we are as a credit union
  • A new logo designed to reflect our infinite possibilities
  • Updated and more user-friendly website

What Stays the Same?
Although there will be a lot that does change, some things that will remain the same include:

  • The same dedicated team of professionals committed to personalized service
  • Our not-for-profit, member-owned structure
  • Continued focus on community engagement and top-notch products and services
  • Your member number, account number, and our credit union routing number will remain the same
  • You will be able to continue using your existing Hickam FCU ATM/debit card, credit card, and checks as normal

Looking Ahead
Moving forward as Lōkahi Federal Credit Union, we're excited to build on our legacy while embracing the future. This rebrand is an investment in our members and their financial well-being, and we can't wait to embark on this journey together.

Members will begin to see the new name and branding reflected across all platforms starting in March 2025. Click here for more information and answers to common questions, or contact us at 808.423.1391 or toll-free at 1.800.432.4328.

Notice of the 88th Annual Meeting

The 88th Hickam FCU Annual Meeting will be held Monday, March 3, 2025 at the Pearl City Branch. Registration will begin at 4:00 p.m. with the meeting to be conducted promptly at 4:30 p.m. Several offices will be set up with limited capacity and remote access to the meeting. No refreshments will be served. To RSVP to attend the Annual Meeting please contact us at 808.423.1391 or toll-free at 1.800.432.4328.


Membership Appreciation Celebration

Membership Appreciation Celebration

Let’s celebrate 88 years of membership! Join us for our Membership Appreciation Celebration!

In-branch giveaways!
Stop by any Hickam FCU branch during Membership Appreciation Week, March 3 to March 7, 2025
to receive a special gift and treat.*

PLUS, we’re giving away $8,800 in cash prizes!
Enter the Membership Appreciation Prize Drawing from January 6, 2025 to March 7, 2025 for a chance to win!
Click button below for official rules and to submit your entry.**

Enter Prize Drawing

*One gift and one treat per member.  While supplies last. **One prize entry per member.


2025 College Scholarship Program

 

Accepting applications for the 2025 Hickam FCU College Scholarship Program. January 6 - March 15, 2025

Hickam Federal Credit Union is committed to supporting our student members. That’s why Hickam FCU is proud to provide our College Scholarship Program to help our members advance their education and achieve their dreams.

The 2025 Hickam FCU College Scholarship Program will award five (5) $2,000 scholarships to deserving graduating high school seniors attending an accredited 2 or 4-year institution of higher learning, or undergraduate or graduate students pursuing a higher degree from an accredited institution.

Primary members with their own Hickam FCU Savings Account in good standing for a minimum of 12 consecutive months prior to the application deadline may apply. Scholarship recipients will be selected based on academics, leadership, school/community service, merit, and recommendations.

Applications will be available starting January 6, 2025 at all Hickam FCU branch locations or download the scholarship application below and print it. Applications must be postmarked by March 15, 2025 to be eligible. For more information, call our Call Center at 808-423-1391 or visit a branch.

Download Application

Your Financial Statement Are Getting a New Look!

We are always looking for ways to enhance your member experience and make managing your finances easier. That's why we're thrilled to announce an update to your financial statements!

Starting February 2025, your financial statements will have a refreshed look and feel. We are streamlining the layout to make it more user-friendly, ensuring the information you need is clear and accessible. Here are some of the key improvements you can expect:

  • Simplified Design: Cleaner formatting and a more intuitive structure to help you quickly understand your financial information.
  • Enhanced Clarity: Key figures and details will be prominently displayed, making it easy to find what matters most.
  • Modern Aesthetic: A polished and professional design that reflects our commitment to innovation and quality.

 If you have any questions or would like assistance navigating the new layout, give us a call at 808.423.1391 or toll-free at 1.800.432.4328, or stop by a branch to see a representative. 

Angel Tree Campaign

Angel Tree 2024

We were proud to partner again with the Hawaii Air Force First Sergeants for another year of Angel Tree! Keiki, ranging from infants to teenagers, received gifts from their wish lists. With your help, we were able to provide gifts for 55 children in need. Mahalo for your support!


TurboTax® and H&R Block® Special

 

Tax Solutions and Savings for Members Save Now

Tackle taxes and come out on top with exclusive, member-only discounts on tax services that make filing easier. You can save 20% on TurboTax®, whether you file yourself or have an expert file for you. Or you can save up to $25 on in-office tax prep services from H&R Block and have your taxes filed by professionals who can ensure your maximum refund.

TurboTax® - Save 20%

  • File with confidence that your taxes are done right
  • Guaranteed maximum refund
  • Tax experts to help or even file for you

H&R Block – Save up to $25

  • Biggest refund possible or your money back
  • Expert help with or without the office visit

Plus, as a valued credit union member you can enter for a chance to win $10,000 in the Love My Credit Union® Rewards Tax Time Sweepstakes to take your tax return even further.

Start today and save!

Visit https://taxservices.lovemycreditunion.org for offer details and disclaimers.


How to Avoid Tax Season Scams


With tax season approaching, it is prime time for scammers looking to take advantage of unsuspecting individuals. Staying alert and informed can protect you from falling victim to their scams.

One of the most common tax season scams involves fraudsters posing as IRS agents. The fraudster might contact you by phone and threaten fines or even arrest unless you pay immediately. Remember, the IRS will never demand payment over the phone or threaten you with jail time. Similarly, be cautious of phishing emails or texts claiming to be from the IRS, as the agency does not initiate contact through these methods.

Protect your personal information by keeping your devices secure and only sharing sensitive details with trusted parties. Filing your taxes early is another effective way to reduce the risk of identity theft, as it prevents scammers from filing a fraudulent return in your name.

Finally, if you hire a third party to prepare your taxes, ensure they have proper credentials before sharing your personal information or making a payment. If you suspect a scam, report it to the IRS through their website.

By staying vigilant, you can keep your finances and personal identity safe during tax season.