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CU System
Koloa members to vote on merger with Garden Island
KOLOA, Hawaii (9/6/12)--Members of Koloa (Hawaii) FCU are voting this week on whether to merge their credit union with Lihue, Hawaii-based Garden Island FCU.

Koloa has $17.1 million in assets and 2,716 members, while Garden Island has $72 million in assets and 5,758 members.

About 25 members of Koloa FCU attended a meeting Aug. 29 with staff and board members.  Koloa FCU's interim manager, Ralph Fujinaka, has retired, and members were told the credit union doesn't have enough funds to hire a full-time replacement as required by regulations (The Garden Island Sept. 3).

If the merger is approved, Koloa would become the Koloa branch of Garden Island (Pacific Business News Online Sept. 4).


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