I
t’s that time of year when the days rush
past, and before we know it, a new year
will be here.
Your credit union has been busy all
year long, with special certificate offers and
adding new services such as Zelle person-
to-person payments and other convenience
services. Our community service ramps
up, too, including fund rais ing for Hawai‘i
Foodbank and Kapi‘olani Children’s Mir-
acle Network, and The Salvation Army’s
Angel Tree program. Once again we are
sponsoring the Christmas trees displayed
in Honolulu Hale as part of the Honolulu
City Lights celebration.
Wishing you the happiest of holidays!
PRESIDENT’S
MESSAGE
Vince J. Otsuka
OCTOBER 2022
Andrew Araki
Civil Engineering
University of Hawai‘i-Manoa
Anne Au
Hawaiian Studies
University of Hawai‘i-Manoa
Carson Cudiamat
Mechanical Engineering
Kyoto University of Advanced
Science
Maile Daniel
Master’s in Social Work
University of Hawai‘i-Manoa
Sanoe Garcia
Biology
University of Portland
Charine Higa
Forensic Pathology
University of Hawai‘i-Manoa
Chrishelle-Ann Ildefonso
Nursing
Villanova University
Amanda Ishida-Norton
Social Work
University of Hawai‘i-Manoa
Deonna Lee Loy
Nursing
Chaminade University
Louise Lu
Doctorate in Occupational
erapy
Touro University Nevada
Sachiko Maruyama
Kinesiology
University of Nevada-Las Vegas
James Sewake
Biology
Case Western Reserve University,
Ohio
Katelyn Sung
Psychology
University of Hawai‘i-Manoa
Tia Tabisola
Nursing
Chaminade University
Antonio Velasco
Electrical Engineering
University of California-Irvine
CONGRATULATIONS, 2022 SCHOLARSHIP RECIPIENTS!
C
ongratulations to the 15 Masami Oishi
Memorial scholarship recipients!
Each received $2,000 and a backpack of
Aloha Pacic FCU goodies.
We have now awarded more than
$500,000 over the 35 years of the schol-
arship program.
If you were not a recipient this time,
we encourage you to apply again – the
application for next year’s scholarships is
scheduled to be posted on our website in
January.
Presenting the 2022 recipients,
listed alphabetically by surname, their elds of study and schools:
‘Our Favorite Things’
Wall Calendar Update
Our 2023 wall calendar,
themed “Our Favorite Things,”
is in the production phase and
should be ready for pickup at our
branches Thanksgiving week. It’s
free, our annual gift to you, our
members!
We’ll keep you updated on so-
cial media – @AlohaPacificFCU
on Facebook and @apfcu on In-
stagram.
Mahalo to our members and
joint account owners who shared
their favorite things by entering
the photo contest. The winning
photos will be featured in the
calendar and the photographers
will win $200, to be deposited in
their APFCU savings accounts.
alohapacific.com
HONORS FOR TWO OF APFCU’S OWN
Vince Otsuka
Aloha Pacific President & CEO Vince
Otsuka was named a Business Leader of
the Year honoree, in the Big Business cat-
egory, by Pacific Business News.
This award recognizes individuals who
have demonstrated leadership within their
company and in the community. The Big
Business category is for companies of 51 or
more full-time employees.
Vince has been president & CEO of
Aloha Pacific FCU since 2013.
“I am honored to receive this award,
and honored to work with a terrific team
of employees who strive every day to make
a difference in the financial lives of our
members,” Vince said. “Mahalo to this
ohana for making APFCU the success it
is today.”
Karesse Sato
Karesse Sato, product development
manager at Aloha Pacific, has been chosen
for the Patsy T. Mink Leadership Alliance,
which is designed to help mid-level women
advance their management and leadership
skills.
Karesse is one of 21 women from di-
verse industries chosen for the honor. The
10-month program includes 100 hours
of facilitated sessions with topics such as
Financial Business Acumen; Community
& Civic Impact; Diversity, Equity, and
Inclusion; the Power of Persuasion; and
Strategic Planning.
The Alliance was launched in 2016 to
increase the representation of women in
leadership positions in Hawaii.
EMPOWERING YOU, OUR MEMBERS
O
n October 20, Aloha Pacific FCU
will join more than 56,000 credit
unions around the world to celebrate In-
ternational Credit Union Day, themed
“Empower Your Financial Future with a
Credit Union.”
This annual celebration of the credit
union movement and our members high-
lights the many ways credit unions across
the world help members improve their
financial health and well-being. APFCU
is proud to assist in the financial goals of
generations of families as we also celebrate
our 85th year of operations.
The festivities at our branches on Oc-
tober 20 include:
A small mahalo gift for each primary
member, with transaction, while sup-
plies last
Snacks, while supplies last
An enter-to-win random drawing,
details and prizes to be announced
Go to alohapacific.com and our social
media (@AlohaPacificFCU on Facebook and
@apfcu on Instagram) for updates.
Mahalo for being members of Aloha
Pacific FCU!
GET REWARDED
WITH AN
APFCU+EDEN IN
LOVE TOTE
Our special APFCU+Eden in
Love collab tote bag is a super hot
item!
We know you want one!
Here’s how to get one, while sup-
plies last:
Open an Aloha Rewards
Checking account
Or switch from the legacy Ka-
laRewards checking to Aloha
Rewards Checking
Or if you already have an
Aloha Rewards Checking ac-
count, enroll in eStatements
or enroll in a direct deposit
Find out more at any branch,
call 808-531-3711 or go to aloha
pacific.com.
2
ABANDONED PROPERTY NOTICE
Financial institutions, including Aloha
Pacific FCU, are required by state law to
annually submit abandoned property to
the states where we conduct business, both
Hawaii and Nevada. The law defines an ac-
count with no activity for five years (three
years for Nevada) as abandoned property.
As a courtesy, accounts that were con-
sidered abandoned property were recently
sent letters.
If you received a letter and did not re-
spond, your inactive account may be as-
sessed the abandoned property fee and we
will be obligated to close your inactive
account and submit remaining funds to
the state of Hawaii or Nevada before the
end of October.
Performing at least one (1) transaction
(deposit or withdrawal) annually will help
keep your account(s) and membership
active. In addition, be sure to keep your
personal contact information up to date.
To see if you have any unclaimed Hawaii
property, search online at https://un
claimedproperty.ehawaii.gov/lilo/property-
search.html or in Nevada at https://claims.
nevadaunclaimedproperty.gov/Property/
SearchIndex. You can also search online
for unclaimed property in other states at
www.unclaimed.org.
ST. FRANCIS
BRANCH
CLOSING
OCTOBER 24
e St. Francis branch’s nal
day of operations will be Mon-
day, October 24.
Mahalo to all the members
who supported the branch and
the St. Francis Medical Center
FCU, which merged with Aloha
Pacic last November! We’ll
continue to see you at our other
conveniently located branches
on Oahu!
NOMINATIONS NOW OPEN FOR BOARD OF DIRECTORS
P
lanning to run for a seat on the Board
of Directors? Go to alohapacific.com
(What’s New / Community & Events)
now to download the nomination applica-
tion. Branch staff can also print out copies
by request.
There are two ways to have your name
placed on the ballot:
Apply to the Nominations & Elections
Committee, which will review applica-
tions that are received or postmarked
by December 3 and inform the candi-
dates of their status by December 10.
Apply by petition, due January 5. In
addition to the application, the signa-
tures of 500 primary members in good
standing – at least $5 in a savings ac-
count and no delinquent loans – must
be submitted, then verified by APFCU
staff. Candidates will be notified of
their status by January 11.
The board serves on a volunteer basis.
Candidates must be at least 18 years old at
the time of the election and primary mem-
bers in good standing.
Three seats are up for election next
year. All the details, including board mem-
bers’ duties and responsibilities, are on the
application.
Please email marketing@alohapacific.
com to ensure that your application had
been received.
SAVING FOR A VERY MERRY CHRISTMAS
M
embers: If you have a Holiday Ac-
count, your funds have been trans-
ferred to your savings or checking ac-
count, as designated, on October 1. Start
the celebration!
Our Holiday Account is a great way
to save for the holidays without thinking
about it. Choose to move funds automati-
cally through payroll deduction or from
an APFCU savings or checking account,
and you’ll be set for all the gifts, deco-
rations and parties of the season. You can
add cash to the account, too.
Find out more at any branch or go to
alohapacific.com; or call 808-531-3711.
Happy holidays!
3
CURRENT RATES |
Please call us at 808-531-3711 or visit our websites listed at
right for current account and loan rates.
Membership ($5 in regular savings) required to receive benefits and services. All loans subject to approval.
Federally Insured
by NCUA
ALOHA PACIFIC FCU
alohapacic.com • (808) 531-3711
MAIN BRANCH
832 South Hotel Street, Honolulu, HI 96813
Monday–ursday: 8 am–4 pm
Friday: 8 am–5 pm | Saturday: 9 am–2 pm
FORT STREET
988 Fort Street Mall, Honolulu, HI 96813
Monday–Friday: 8 am–4 pm
KAILUA
200 Hamakua Drive, Suite B6, Kailua, HI 96734
Monday–Friday: 9 am–5 pm | Saturday: 9 am–2 pm
KAIMUKI
3625 Harding Avenue, Honolulu, HI 96816
Monday–Friday: 9 am–5 pm | Saturday: 9 am–2 pm
KAPOLEI
1001 Kamokila Boulevard, Suite 104, Kapolei, HI 96707
Monday–Friday: 9 am–5 pm | Saturday: 9 am–2 pm
ST. FRANCIS MEDICAL CENTER
Final day of operations is Monday, October 24
2228 Liliha Street, Suite 209, Honolulu, HI 96817
Monday and Wednesday: 9 am–4:30 pm
(closed noon to 1 pm)
WAIKELE
94-799 Lumiaina Street, Unit 2-A2, Waipahu, HI 96797
Monday–Friday: 9 am–5 pm | Saturday: 9 am–2 pm
WAIMALU
98-1277 Kaahumanu St., Ste. 143, Aiea, HI 96701
Monday–Friday: 9 am–5 pm | Saturday: 9 am–2 pm
KAHULUI
70 Ho‘okele Street, #1210, Pu‘unene Shopping
Center, Kahului, HI 96732
Monday–Friday: 9 am–5 pm
Saturday: 9 am–1 pm
KEKAHA
8254 Kekaha Road, Kekaha, HI 96752
Monday–Friday: 9 am–5 pm
HENDERSON
9555 S. Eastern Avenue, Suite 150,
Las Vegas, NV 89123
(702) 776-6900 Phone • (702) 776-6906 Fax
Monday–Friday: 9 am–5 pm
Saturday: 9:30 am–2 pm
McCABE, HAMILTON & RENNY
521 Ala Moana Boulevard, Suite M-311
Honolulu, HI 96813
(808) 533-4567 Phone
Tuesday, ursday, Friday: 9 am–4 pm
(closed Monday and Wednesday)
Access for McCabe employees only
BOARD OF DIRECTORS: Gary Iwai (Board Chair), Stan
Inamasu (1
st
Vice Chair), Allan Fujimoto (2
nd
Vice Chair),
Darwin Hamamoto (Secretary), Robert S. Morita, Geminiano
“Toy” Arre Jr., and Jennifer Elein
SUPERVISORY COMMITTEE: Ann Sakurao (Chair),
Howard Okamoto (Vice Chair), Diane Murata (Secretary),
Ben Dimond, and Jonathan Tamanaha
PRESIDENT & CEO: Vince J. Otsuka
Alohaline is published by the Aloha Pacic FCU. Articles are for in-
formation only, not individual advice. Consult with your attorney,
accountant, nancial advisor or other professional regarding your situ-
ation. Copyright ©2022
Federally Insured
by NCUA
HIGHER INTEREST RATES AFFECT
THE REAL ESTATE LANDSCAPE
Home sales on Oahu
are starting to show
signs of slowing down to
pre-pandemic levels as
higher interest rates take
effect.
According to the
Honolulu Board of Re-
altors, the number of
sales of single-family
homes in August 2022
dropped by 26% when compared to last
August. Condo sales also decreased by
nearly 25%. Home prices remain high with
the single-family home median sales price
showing a 7% increase from last year to
$1,125,000. (Median price means that half
of the sales were below $1,125,000, while
half were above that figure.) Condo sales
prices dropped slightly to a median price
of $498,500.
This change doesn’t necessarily mean it’s
a bad time to purchase a home. Less compe-
tition among buyers and more price reduc-
tions mean bids for homes are more likely
to be accepted. Sellers also benefit from
the historically high sales prices, which was
spurred on by the pandemic.
If you would like to learn more about
the real estate market and how it affects you,
call Aloha Pacific Premier Realty’s principal
broker, Reyn Uehara, at (808) 383-8072 or
email him at [email protected] for a no-
obligation consultation. Also, credit union
members receive a seller’s commission dis-
count when selling a home or get a free
one-year home warranty for their home
purchase. Inquire for details.
Reyn Uehara
Principal Broker
RB-21259
FOR OUR ISLAND KEIKI
W
e’re raising funds once again for the
Children’s Miracle Network, with
proceeds going to Kapi‘olani Medical Cen-
ter for Women & Children.
We’re hoping to raise at least $5,000
and APFCU will add another $3,000 to
the total.
All the money raised in Hawaii will stay
in Hawaii to assist our Island youngsters in
medical need.
Visit your nearest branch or donate
online: Go to alohapacific.com for more
information and a link to our special
APFCU team fundraising page. Our fun-
draising campaign continues through
Thanksgiving week.
Mahalo!
CERTIFICATE SPECIAL
2.25%APY
*
13-month term | $1,000 minimum
Visit any branch, go to alohapacific.com
or call 808-531-3711 for all the details.
*2.25% Annual Percentage Yield (APY) Certificate offer valid from 9/22/22 and may be modified or canceled at any time.
Membership ($5 in regular savings) required. Penalty for early withdrawal. Other restrictions may apply.