About Us

Your Credit Union Established: 1947
Current Asset Size: $115,461,382
Number of Members: 7,292
2016 Annual Report

Press Release - Monica Belz CEO Announcement for KGEFCU

2016 Slate of Candidates

Credit unions are democratically owned and controlled institutions based on 'people helping people' principles. Credit union boards of directors are elected by members; each member has an equal vote, regardless of how much he or she has on deposit. Only members may serve as directors, and directors serve without compensation. Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends on savings, lower loan rates and lower cost services.
Kaua'i Government Employees' Federal Credit Union was established in 1947 to serve all County, State, and Federal Government Employees and their families in their basic financial needs. After half a century of service, and rated as one of the top Credit Unions in the State of Hawaii, Kaua'i Government Employees' Federal Credit Union continues to offer its members a variety of financial services and products, at attractive rates, and at little or no cost to its members.
Credit unions primarily engage in consumer loans and residential real estate lending to their members. Credit union performance is at a historically high level. Currently, credit union capital nationwide is 10.28% and the equity ratio of the federal insurance fund, the National Credit Union Share Insurance Fund (NCUSIF), has operated above 1.25% for 11 consecutive years.
Kaua'i Government Employees' Federal Credit Union was chartered under federal law. Federally chartered credit unions are regulated by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government. NCUA's three board members are nominated by the President and confirmed by the Senate.

State chartered credit unions are regulated by their state credit union department. NCUA administers the federal insurance fund, NCUSIF, which covers all federal credit unions, and most state chartered credit unions. No taxpayer money is used for regulating and overseeing federal credit unions, as all activities of NCUA and the NCUSIF are funded by credit unions.