Hawaii's two largest credit unions, the $1.1 billion Hawaii State Employees FCU and the $1.1 billion Hawaii USA FCU, have now joined their peers in California and elsewhere in waiving international wire fees for members sending funds to friends and families in disaster-stricken Japan.
Hawaii State posted a notice on its website Monday informing members it was waiving international fees “through the end of May.” A similar step was being taken by its Honolulu competitor, Hawaii USA.
Both CUs as well as 10 others on the islands have agreed to serve as collection points for the “Aloha for Japan” relief effort, joining a statewide campaign with large Hawaii banks.
Also posted on websites are Red Cross links so members can send contributions to the charity as well as other groups raising funds for the earthquake/tsunami victims.
Meanwhile, in Pennsylvania the $226 million Erie General Electric FCU, through a partnership with the American Red Cross of Erie, said it was encouraging donations to the American Red Cross of Erie and a local Disaster Relief Fund.
Fees on coin counting machines will be waived for those donating $5 of their change for the Japan relief donations, said the Erie CU.
Erie CEO Gail Cook was chosen this year as a local “American Red Cross HERO,” becoming part of HEROES for the American Red Cross, a grassroots fundraising and awareness campaign. Heroes pledge to raise $1,000 each for the Red Cross during the campaign period.
“My initial goal was set to raise $1,000 as a HERO for the Red Cross. But, that goal was decided before the recent earthquake and tsunami disaster,” said Cook. “I know with the support of the community and my amazing family, friends, and employees at the credit union, I can exceed my goal and provide even more funds to be used for relief efforts in Japans.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.