HONOLULU–The $2-million Oahu Railway and Land FCU (ORAL FCU) has merged into the $580-million Hawaiian Tel FCU.
At the time of the merger ORAL FCU, which was founded in 1950, had just 254 members. The merger resulted in a 10% bonus divided paid back to all ORAL FCU members, Hawaiian Tel reported.
“It is our pleasure to welcome our newest members to Hawaiian Tel FCU. We are honored and look forward for the opportunity to serve the members of ORAL FCU,” said Hawaiian Tel FCU President Norman Okimoto.
“With the Hawaiian Tel FCU merger, ORAL members will be able to utilize the expanded network of nine branches, five of which are in-store Walmart branches,” Hawaiian Tel said in a statement. “ORAL FCU members will also benefit from the added products, services, convenience and competitive rates that Hawaiian Tel FCU has to offer.”
Hawaiian Tel FCU, founded in 1936, has 55,000 members.