PEARL CITY, Hawaii—The $538.1-million Hickam Federal Credit Union has purchased a Central Oahu property for $14.2 million, with plans to build a new branch that could end up being its new headquarters, according to a spokesperson.
The credit union, which has four branches on Oahu and more than 48,200 members, acquired the vacant property at 1260 Kuala St. in Pearl City, across the street from a HawaiiUSA Federal Credit Union branch.
"In looking to the future, the acquisition of the parcel was integral in the credit union developing its long-term strategic plans as it looks to serve its membership, which now encompasses the entire island of Oahu," Hickam FCU spokesperson Brian Sawai told local media.
He noted that it is currently in the research and design phase for the best use of the 6.7-acre property, but that it is envisioned that a branch office and perhaps a new headquarters will eventually be located there.
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