Maui Teachers Federal Credit Union

Name

Maui Teachers Federal Credit Union

Legal name

Maui Teachers Federal Credit Union

Website

https://mauiteachersfcu.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Credit Union Services

NAICS

Credit Unions (522130), Credit Unions (52213)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Student/University Credit Unions (FSABAEAJ)

Keywords

• Credit union services
• Consumer lending
• Share savings accounts
• Share certificates
• Education sector banking

Headquarters

HQ city

Wailuku

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Loan Interest Income: The credit union generates revenue primarily through interest charged on various loan products including auto loans, signature loans, education loans, photovoltaic loans, and vacation loans. Interest rates vary by loan type and creditworthiness, with APRs ranging from 2.00% (share secured) to 10.00% (signature loans).
2. Share Account Deposits and Dividends: Members deposit savings into share accounts, and the credit union pays dividends (0.15% APY on share accounts). The institution uses these deposits to fund loans and generates spread income.
3. Certificate Account Fees and Interest: Share certificates (6-month at 4.00% APY, 1-year at 1.00% APY, 18-month special at 3.00% APY) with minimum deposits of $2,500-$5,000 generate fee income and interest expenses.
4. Fee Income: The credit union generates revenue through various fees including those outlined in their published fee schedule. Loan applications and processing contribute to fee-based revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Maui Teachers Federal Credit Union is a federally chartered, member-owned cooperative that provides consumer banking products and loans to teachers and education workers in Maui County, Hawaii. Its core offerings include share (savings) accounts, share certificates, and a broad range of consumer loan products such as auto, signature, education, student, photovoltaic (solar), vacation, and home equity loans. Digital services are delivered through the ITSme247 online banking platform, and ancillary offerings include TruStage insurance and the Save to Win prize-linked savings program.

Product overview

Maui Teachers Federal Credit Union is a member-owned financial cooperative offering a comprehensive suite of traditional banking products and services. The core offerings include share accounts and share certificates for savings, along with various loan products including auto loans (new and used), education loans, student loan refinancing, solar/photovoltaic loans, vacation loans, and home equity lines of credit. The credit union also provides digital banking services through itsme247.com online banking platform with eStatement delivery. Insurance products are offered through TruStage partnership, and a prize-linked savings program called Save to Win is available. The institution operates as a single-brand credit union with no modular platform architecture.

Differentiator

Problem solved

Functional benefit

Products and services

• Share Accounts Basic member savings account paying 0.15% APY, requiring a minimum balance of $100.00 to earn dividends. For members of the credit union.
• Share Certificate — 6-Month Special Six-month term deposit paying 4.00% (4.06% APY) with a $2,500 minimum deposit and $250,000 maximum balance. Quarterly dividend transfers; non-automatic renewal; new money only. For members seeking short-term, higher-yield savings.
• Share Certificate — 1-Year One-year term deposit paying 1.00% APY, with a $25 minimum opening deposit and $250,000 maximum balance.
• Share Certificate — 18-Month Special Eighteen-month term deposit paying 3.00% APY (3.03% APY) with a $5,000 minimum opening deposit and $250,000 maximum balance; dividends must be transferred to the member's share account.
• Share Secured Loans Secured loan backed by the member's share deposits at 2.00% APR — the credit union's lowest rate loan product.
• Signature Loans General purpose unsecured personal loans with APRs from 4.50% to 10.00% based on creditworthiness.
• New Auto Loans Financing for new vehicles with 100% financing available at 4.50%–6.25% APR, or 90% financing at 4.00%–5.75% APR.
• Used Auto Loans Pre-owned vehicle financing at 5.00%–6.50% APR, with rates determined by repayment terms.
• Education Loans Student loans for educational expenses at 4.00% APR; requires proof of enrollment in classes. Tailored for educator-members and their families.
• Student Loan Tuition Tuition financing at 4.00% APR for 60-month terms and 6.00% APR for 180-month terms.
• Student Loan Consolidations Consolidation options for existing student loans at 4.00% APR for 60-month terms and 6.00% APR for 180-month terms.
• Solar Heater Loans Specialized financing for solar heater installations at 4.50% APR.
• Photovoltaic Loans Solar panel system financing from $10,000 to $65,000 at fixed APRs of 5.50%–7.00%, with loan proceeds paid directly to the contractor.
• Vacation Loans Travel financing at 5.00% APR (with promotional rates as low as 3.50% mentioned in materials), requiring travel itinerary documentation.
• HELOC (Home Equity Line of Credit) Home Equity Line of Credit with a fixed-rate option at 5.50% APR, registered under NMLS #807213.
• Online Banking 24/7 internet banking platform powered by ITSme247 that allows members to access accounts, view eStatements, conduct transfers, and apply for loans digitally.
• TruStage Auto & Home Insurance Auto and home insurance program offered in partnership with TruStage, providing discounted insurance coverage options for members.
• Save to Win Prize-linked savings program that allows members to enter cash prize drawings while building savings.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Credit Unions of Maui CoalitioncoreStrategic or Co-development PartnerCoalition of six Maui credit unions (Kahului Federal Credit Union, Maui County Federal Credit Union, Maui Federal Credit Union, Maui Teachers Federal Credit Union, Valley Isle Community Federal Credit Union, and Wailuku Federal Credit Union) working together on community initiatives including annual food drives. The coalition addresses food insecurity affecting over 27,000 people in Maui County.
• ITSme247coreTechnology or IntegrationProvides online banking platform enabling members to access accounts, view eStatements, and apply for loans digitally. Powers the credit union's digital banking infrastructure.
• Co-op Credit UnionsminorChannel Partner/ Reseller/ DistributorProvides shared branching locator service allowing Maui Teachers FCU members to conduct transactions at other credit union locations nationwide.
• TruStageminorChannel Partner/ Reseller/ DistributorAuto and Home Insurance Program partner offering discounted insurance products to credit union members.
• NCUA (National Credit Union Administration)coreOthersFederal regulatory agency that charters federal credit unions and insures savings through the National Credit Union Share Insurance Fund, backed by the U.S. government.
• MyMoney.govminorOthersU.S. government financial education website providing resources to help Americans make smart financial decisions.
• Maui Food BankminorOthersNon-profit food bank serving Maui, Molokai, and Lanai. Each dollar donated provides 4 meals to hungry people. Maui Teachers FCU supports through Credit Unions of Maui Coalition food drives.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Bank of Hawaii: Major Hawaii-based commercial bank with statewide branch network including Maui; offers comprehensive consumer and business banking competing for the same local market.
• First Hawaiian Bank: Hawaii's largest incumbent bank with extensive Maui branch presence and full commercial/retail banking services competing directly for educator deposits and loans.
• Hawaii State Federal Credit Union: Large Hawaii-wide credit union serving state and county employees including educators; operates a much broader product set and branch network across the islands.
• HawaiiUSA Federal Credit Union: One of Hawaii's largest credit unions offering full banking, mortgage, and investment services statewide; competes for the same Maui consumer deposits and loans.

Direct peers

• Maui County Federal Credit Union: Maui-based federal credit union and fellow Credit Unions of Maui Coalition member serving Maui County residents; directly comparable in geography, regulatory structure, and product mix.
• University of Hawaii Federal Credit Union: Hawaii credit union serving the higher education community; comparable educator-affiliated membership base with similar loan and savings products.
• Maui Federal Credit Union: Another Maui County-based federal credit union and coalition partner offering similar deposit and loan products to local residents and employees.
• Valley Isle Community Federal Credit Union: Maui-based federal credit union and coalition member providing comparable community banking services within the same island geography.
• Kahului Federal Credit Union: Maui-based federal credit union and coalition member offering traditional deposit, loan, and member services to the same island population.
• Wailuku Federal Credit Union: Wailuku-headquartered federal credit union and coalition partner directly competing for the same Maui County deposit and loan market.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/maui-teachers-federal-credit-union

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Maui Teachers Federal Credit Union