Business Services from Ka`u FCU
Ka`u FCU supports small businesses and farms
as much as possible. In 2001 a variety of new
business loan programs have become available, making
loans and other assistance easier to obtain.
Loan products:
The credit union will consider micro enterprise
(business or farm) on an individual basis. The
maximum loan is $50,000. Loans do need to be secured.
SBA Guaranteed Loans: Ka`u
FCU is the first credit union in Hawai‘i to be
approved to participate in The Small Business
Administrative Program 7(a) Loan Guarantee Program.
Interest rates float at the Wall Street Journal prime
rate plus 2.75%. There are certain loan and guarantee
fees payable by the borrower.
FSA Guaranteed Loans:
Loans to farmer and form related enterprises may be
guaranteed by the Farm Service Agency. Interest rates
will float and certain guarantee fees will be payable
by the borrower.
Note: All business loans
will be structured based on the business' needs. Loan
structure will facilitate business success.
Deposit
Services: All business members will have a
regular share account on which dividends will be
earned when the average daily balance exceeds $100
Share Draft (checking)
accounts are available at a low monthly cost of $10.
To help our members the $10 fee will be waived if any
one of following exists:
 | Minimum Average Daily Balance of $500 is maintained for the month |
| Minimum average daily balance maintained in the regular share account is $5,000 |
Other Services:
| Direct referrals to qualified business consultants |
| Links with the Small Business Development Center for referrals and business research |
| Referrals to payroll processors to eliminate employer payday headaches |
| Direct Payroll deposit for employees |
Call the manager at 929-7334 for an appointment to find out how Ka`u FCU can help your business succeed. Or e-mail your questions and concerns directly to the manager at business@kaufcu.org
