Molokai Community Federal Credit Union
Molokai Community Federal Credit Union is a federally chartered, NCUA-insured, member-owned cooperative credit union (charter #7471) serving over 4,000 members on the Island of Molokai, Hawaii since 1951 with deposit accounts, consumer loans, digital banking, and partner-distributed insurance through two local branches.
- Company typePrivate
- Founded1951
- HeadquartersKaunakakai, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Molokai Community Federal Credit Union does
Molokai Community Federal Credit Union (Molokai Community FCU; DBA "Molokai CU") is a federally chartered, member-owned financial cooperative credit union (charter #7471) headquartered in Kaunakakai, Hawaii, serving the Island of Molokai since its approval on October 9, 1951. The credit union is regulated by the National Credit Union Administration (NCUA), insured by the National Credit Union Share Insurance Fund (NCUSIF), and holds Equal Housing Lender status from HUD. As of the most recent public statements it serves over 4,000 members (the homepage cites 3,900+) across a charter-defined field of membership covering persons who live, work, worship, or attend school on the island, plus businesses, immediate family/household members, retirees, and community organizations.
The product portfolio consists of deposit accounts (Regular Share, Share Draft checking, Subsidiary Share, Christmas Club, Share Certificates up to 5 years, and IRA accounts) and a consumer-lending book that includes unsecured signature loans (APR as low as 7.24%), solar loans (5.24%), new and used auto loans (3.24% / 3.74%), shared- and certificate-secured loans, and unsecured home advance loans up to $20,000. Home loans are originated through a referral partnership with CU Mortgage (CUNA Mortgage). Digital services are delivered through a third-party vendor stack: an Omnicommander-powered website, web-based online banking on mobicint.net, and a native iOS/Android mobile app on the CMC Flex platform (Apple id1489383916, Google Play com.cmcflex.ftmobile.mol) with Remote Deposit Capture. Insurance is a non-underwritten distribution layer — TruStage Life/Auto & Home/AD&D (underwritten by CMFG Life, including a no-cost $2,000 AD&D policy) and Farmers Insurance Hawaii hurricane, flood, and auto coverage via Hawaii Insurance Consultants through the Hawaii Credit Union League (HCUL). Debt Protection is supplied by CUNA Mutual Group.
The business model is the standard member-owned cooperative framework: revenue is generated primarily from the net interest spread between loan yields and dividends paid on share, share draft, IRA, and share certificate balances, supplemented by published service charges and referral/origination commissions from insurance and mortgage partners. Distribution is anchored by two physical branches (Kaunakakai Main Branch at 135 Puali Place and Ho'olehua Branch at 69-L Puupeelua Avenue), in-person and phone-based member servicing (local 808-553-5328, toll-free 877-727-5328), and the digital channels noted above. The go-to-market motion is community-led on a single island: word-of-mouth, local branch presence, an annual membership meeting at Mitchell Pauole Center, and cross-promotion with HCUL and insurance partners. The institution received a $2,478,839 award from the U.S. Treasury CDFI Fund on April 10, 2023, signaling its certified CDFI status and use of federal program capital to support its lending mission.
Molokai Community Federal Credit Union firmographics
Firmographics- Name
- Molokai Community Federal Credit Union
- Legal name
- Molokai Community Federal Credit Union
- Website
- https://molokaicommunityfcu.com
- Company type
- Private
- Founded year
- 1951
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Molokai Community Federal Credit Union is a federally chartered, NCUA-insured, member-owned cooperative credit union (charter #7471) serving over 4,000 members on the Island of Molokai, Hawaii since 1951 with deposit accounts, consumer loans, digital banking, and partner-distributed insurance through two local branches.
- Ownership category
- akta.pro rank
Molokai Community Federal Credit Union industry classification
Industry- Product category
- Retail Banking
- NAICS
- Credit Unions (52213), Credit Unions (522130)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
- akta.pro secondary industry
- Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)
Keywords
Where Molokai Community Federal Credit Union is headquartered
LocationHeadquarters
- HQ city
- Kaunakakai
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Molokai Community Federal Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Interest Income on Consumer Loans: Primary revenue stream from interest charged on personal signature loans (APR as low as 7.24%), solar loans (as low as 5.24%), new auto loans (as low as 3.24%), used auto loans (as low as 3.74%), shared-secured and certificate-secured loans, and unsecured home advance loans (max $20,000, up to 6 years).
- Net Interest Spread on Deposits: Earnings from the spread between loan yields and dividend rates paid on member share, share draft, Christmas Club, IRA, and share certificate accounts (e.g., 6-month CD at 1.00% APY, 1-year 1.50%, 2-year 2.00%, 3-year 2.50%, 4&5-year 3.00%; Regular Share 0.10%, IRA 0.50%).
- Account Fees and Service Charges: Revenue from published 'Rates & Service Charges' for share, share draft, and share certificate accounts (e.g., minimum balance requirements, overdraft protection, ATM card issuance, miscellaneous service charges).
- Insurance Referral / Distribution Commissions: Referral commissions and distribution fees from insurance partners TruStage (Life, Auto & Home, AD&D — issued by CMFG Life), Farmers Insurance Hawaii, and Hawaii Insurance Consultants (hurricane, flood, auto).
- Home Loan Referral / Origination: Referral/loan officer commissions from CU Mortgage (CUNA Mortgage) for home purchase, refinance, first-time home buyer, and home equity products processed via mortgages.cumortgage.net.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Regular Share (savings) account — 0.10% APY, $25 minimum to open, $25 minimum balance to earn APY; dividends compounded/credited quarterly. |
| Other | Pay-as-you-go | Share Draft (checking) account — 0.00% APY, $0 minimum balance, $20 minimum to earn APY. |
| Other | Pay-as-you-go | Christmas Club Account — 0.10% APY, $25 minimum balance, quarterly dividends, active Oct 1 – Sep 30. |
| Other | Pay-as-you-go | IRA Share Account — 0.50% APY, $25 minimum balance. |
| Other | Multi-year contract | Share Certificates (CDs) — 6-month 1.00%, 1-year 1.50%, 2-year 2.00%, 3-year 2.50%, 4&5-year 3.00% APY, $500 minimum balance, quarterly compounding, early-withdrawal penalties apply. |
| Usage-based | Monthly | Signature (unsecured personal) Loan — APR as low as 7.24%, $300 minimum, $25,000 maximum. |
| Usage-based | Monthly | Solar Loan — APR as low as 5.24%, $300 minimum, $50,000 maximum. |
| Usage-based | Monthly | New Auto Loan — APR as low as 3.24%, up to 100% financing of dealer invoice, up to 6 years. |
| Usage-based | Monthly | Used Auto Loan — APR as low as 3.74%, up to 100% financing of KBB retail/appraised value (max $50,000), up to 6 years. |
| Usage-based | Monthly | Unsecured Home Advance Loan — same APR as unsecured signature loan, up to $20,000, up to 6 years. |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels8 records
Molokai Community Federal Credit Union product offering
Product offeringCore offering
Molokai Community Federal Credit Union is a member-owned financial cooperative that provides retail banking and consumer lending services to residents of the Island of Molokai, Hawaii. Its core offering consists of deposit accounts (Regular Share, Share Draft, Subsidiary Share, Christmas Club, Share Certificates, IRA), consumer loans (signature, solar, new/used auto, unsecured home advance, and home loans via CU*Mortgage), digital banking (online and mobile app with remote deposit capture), and member-distributed insurance products (TruStage Life/Auto/Home/AD&D and Farmers Hawaii hurricane/flood/auto).
Product overview
Molokai Community Federal Credit Union (Molokai Community FCU) operates a single integrated member financial services portfolio rather than a multi-product SaaS platform. The core offering consists of deposit accounts (Regular Share, Share Draft checking, Subsidiary Share, Christmas Club, Share Certificates, and IRA) and consumer lending products (Personal, Solar, New/Used Auto, Unsecured Home Advance, and Home Loans delivered via CU*Mortgage). Layered on top are member digital services including Online Banking (mobicint), a Mobile Banking app (cmcflex) with Remote Deposit Capture, Direct Deposit, and Financial Calculators. Optional add-on modules include Debt Protection (CUNA Mutual Group) and TruStage insurance offerings (Life, Auto & Home, AD&D), plus Farmers Insurance Hawaii hurricane/flood/auto coverage. Federally chartered under NCUA and serving Molokai, Hawaii since 1951 with over 4,000 members.
Differentiator
Problem solved
Functional benefit
Products and services
- Regular Share (Savings) Account
Quantifiable outcome
- Average savings of $435 on auto insurance reported by new policyholders who switched to Farmers Insurance Hawaii (Nov 1, 2020 – Nov 1, 2021), accessible to Molokai Community FCU members through the credit union's HCUL partnership.
- +1 more outcomes
Companies that use Molokai Community Federal Credit Union
Customer profileSegments5 records
Ideal customer profiles4 records
Molokai Community Federal Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature6 records
Molokai Community Federal Credit Union partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- TruStage Insurance Agency, LLCcoreExclusive insurance partner for Molokai Community FCU members. Offers TruStage Life Insurance, TruStage Auto & Home Insurance Program, and a no-cost $2,000 TruStage Accidental Death & Dismemberment (AD&D) policy (with up to $300,000 in additional AD&D available). Issued/underwritten by CMFG Life Insurance Company. Members access via dedicated credit-union phone lines (1-855-612-7909 for Life, 1-855-483-2149 for Auto & Home) and the TruStage website.
- CMFG Life Insurance CompanycoreUnderwrites the TruStage Life Insurance and AD&D policies distributed to Molokai Community FCU members through TruStage Insurance Agency. The AD&D coverage is paid for by the credit union up to $2,000 per member.
- Farmers Insurance HawaiicoreProvides hurricane, flood, and auto insurance to Hawaii credit union members through a partnership with the Hawaii Credit Union League (HCUL). Members calling the dedicated credit union line (1-800-515-1023) can access special rates and priority service. Others switching to Farmers Hawaii saved an average of $435 on auto insurance (Nov 2020–Nov 2021). Accessible via farmershawaii.com/partners/hcul.
- Hawaii Insurance Consultants, Ltd.minorSister company of Farmers Insurance Hawaii. Places hurricane and flood insurance for Hawaii credit union members through the HCUL partnership; members who purchase through them receive a discount on Farmers Hawaii auto insurance.
- 21st Century Centennial Insurance CompanyminorUnderwrites the Farmers Hawaii Auto Insurance policies offered to Molokai Community FCU members through the HCUL/Farmers Hawaii distribution channel.
- Hawaii Credit Union League (HCUL)coreState trade association through which Molokai Community FCU accesses legislative updates, advocacy against anti-credit-union legislation/bankers' lawsuits, and group insurance partnerships (Farmers Hawaii). Linked as hcul.org on the credit union's 'Who We Are' page.
- CU Mortgage (CUNA Mortgage)coreHandles home loan origination for Molokai Community FCU members via mortgages.cumortgage.net. Provides Home Loans, Check Rates, Get a Quote, Apply for a Mortgage, First-Time Home Buyer, Buying a Home, Refinancing, Loan Programs, and Contact a Loan Officer flows referenced from the credit union's loan page.
- OmnicommandercoreProvides the credit union's website and digital platform — the homepage is labeled 'Powered By: OMNICOMM NDER' with a link to omnicommander.com. Likely also powers the mobicint.net/mol online banking front-end used for member login and enrollment.
- CUNA Mutual GroupminorProvider of Molokai Community FCU's Debt Protection product (voluntary loan-payment protection), referenced by form DPGAP-0813-3328, © CUNA Mutual Group 2014.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Molokai Community Federal Credit Union competitors and assessment
Company assessmentDirect peers
- Maui County Federal Credit Union: Hawaii-based community federal credit union serving Maui County residents with deposits, consumer loans, and digital banking. Closest direct analog as a Neighbor Island community FCU of similar scale and mission.
- Big Island Federal Credit Union: Community credit union serving the Big Island of Hawaii, offering deposits, consumer loans, and digital banking to a defined island-based field of membership. Direct peer in mission and structure as another Neighbor Island community FCU.
- Garden Island Federal Credit Union: Community credit union chartered for Kauai, providing retail deposits, loans, and digital banking to a single-island field of membership. Functionally parallel to Molokai Community FCU as an outer-island community credit union.
- Lanai Federal Credit Union: Very small community credit union serving the Island of Lanai. Direct peer in scale and structure — a single-island community FCU with a tightly defined local field of membership.
Broad incumbents
- Hawaii State Federal Credit Union: Largest Hawaii credit union, headquartered in Honolulu with statewide branch and ATM coverage. Broad incumbent with overlapping product set (deposits, consumer/mortgage loans) but a much wider field of membership and significantly larger asset base.
- Hawaii Federal Credit Union: Hawaii-based credit union with a broader geographic field of membership across Oahu. Broad incumbent offering overlapping retail banking and lending products with greater scale and product breadth than Molokai Community FCU.
- First Hawaiian Bank: Largest Hawaii-headquartered bank with statewide branch coverage including Neighbor Islands. Broad incumbent that competes for Molokai deposits and loans through digital channels and indirect presence.
- Bank of Hawaii: Major Hawaii-headquartered commercial bank with statewide and Pacific-region operations. Broad incumbent competing for retail deposits and consumer loans on Neighbor Islands through digital and ATM channels.
- HawaiiUSA Federal Credit Union: Hawaii-based community-chartered credit union with statewide field of membership and multiple branches. Competes for Molokai-affiliated members who work or attend school off-island, providing an indirect competitive presence.
Others
- CUNA Mutual Group: Credit-union industry service and insurance provider that supplies Molokai Community FCU's debt protection product (DPGAP-0813-3328) and underwrites TruStage/CMFG Life insurance distributed to members. Adjacent ecosystem enabler rather than a direct competitor.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Molokai Community Federal Credit Union social profiles
Digital presenceMolokai Community Federal Credit Union compliance and trust
Trust signalCompliance3 records
Molokai Community Federal Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Molokai Community Federal Credit Union leadership team
Management profileNumber of profiles
Molokai Community Federal Credit Union funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Molokai Community Federal Credit Union M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Molokai Community Federal Credit Union
What does Molokai Community Federal Credit Union do?
Molokai Community Federal Credit Union is a member-owned financial cooperative that provides retail banking and consumer lending services to residents of the Island of Molokai, Hawaii. Its core offering consists of deposit accounts (Regular Share, Share Draft, Subsidiary Share, Christmas Club, Share Certificates, IRA), consumer loans (signature, solar, new/used auto, unsecured home advance, and home loans via CU*Mortgage), digital banking (online and mobile app with remote deposit capture), and member-distributed insurance products (TruStage Life/Auto/Home/AD&D and Farmers Hawaii hurricane/flood/auto).
Is Molokai Community Federal Credit Union a public or private company?
Molokai Community Federal Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Molokai Community Federal Credit Union founded?
Molokai Community Federal Credit Union was founded in 1951. It employs 1 to 10 people.
Where is Molokai Community Federal Credit Union based?
Molokai Community Federal Credit Union is headquartered in Kaunakakai, United States, in the North America region.
How does Molokai Community Federal Credit Union make money?
Five revenue lines are on record. Interest Income on Consumer Loans are the primary driver. The others are net Interest Spread on Deposits, account Fees and Service Charges, insurance Referral / Distribution Commissions and home Loan Referral / Origination.
Who are Molokai Community Federal Credit Union's main competitors?
Direct peers on record are Maui County Federal Credit Union, Big Island Federal Credit Union, Garden Island Federal Credit Union and Lanai Federal Credit Union. Broad incumbents are Hawaii State Federal Credit Union, Hawaii Federal Credit Union, First Hawaiian Bank, Bank of Hawaii and HawaiiUSA Federal Credit Union. CUNA Mutual Group is listed as an others.
Does Molokai Community Federal Credit Union have an API?
No public API is recorded for Molokai Community Federal Credit Union.
What industry is Molokai Community Federal Credit Union in?
Molokai Community Federal Credit Union's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus), with a secondary code of FSABAEAF, Cooperative Banks (Member-Owned Commercial/Retail). Its NAICS code is 52213 and its SIC code is 6035.