The $17 million Koloa Federal Credit Union in Koloa, Hawaii has merged into the $71 million Garden Island Federal Credit Union in Lithue, Hawaii.
The merger conversion process is expected to be completed by April 1, 2013, said Keith Uyeno, president/CEO of Garden Island FCU, which serves 5,759 members.
Koloa FCU employees will retain their jobs with Garden Island FCU. Koloa FCU had 2,584 members.
“The combined assets and size will position GIFCU to broaden its reach in our community and provide more services to the residents and workers on (the island) of Kauai,” Uyeno said. The population of Kauai is about 65,000.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
