HCFCU Establishes Holomua Hawaii Program to Distribute Federal Funds For Hawaii Businesses
Hawaii Community Federal Credit Union* (HCFCU) is pleased to announce it is the lead credit union contracted by Hawaii County to distribute up to $22 million in financial assistance to county businesses under the federal Coronavirus Aid, Relief, and Economic Security Act or CARES Act.
As lead, HCFCU is teaming up with Big Island Federal Credit Union, CU Hawaii Federal Credit Union*, Hawaii County Employees Federal Credit Union, HawaiiUSA Federal Credit Union, and HFS Federal Credit Union*, to accomplish the grant program’s objectives in a distribution program called Holomua Hawaii.
“In working with our own members throughout this pandemic, it is clear that all segments of the island business community have been adversely affected,” said Tricia Buskirk, HCFCU President and Chief Executive Officer. “We anticipate a high level of demand.”
Eligible businesses or non-profits directly impacted by COVID-19, with 50 employees or less can apply for these funds now until December. Funds may be used to support core operations and reopening costs. The maximum grant award is $10,000.
Interested applicants can visit www.hawaiicounty.gov/cares to see a complete list of eligibility requirements and required documentation, and to submit a grant application.
“We are a tight-knit community and the economic pain experienced by businesses on our island affects all of us,” said Buskirk. “Getting these funds into our community through the Holomua Hawaii program is very important.”
For information about HCFCU, visit https://www.hicommfcu.com.
Hawaii Community Federal Credit Union is a not-for-profit, federally insured financial institution owned by its 43,120 members. HCFCU’s branches are located in Honokaa, Kailua-Kona, Kaloko, Kealakekua, Kohala, and in Hilo. Additionally, HCFCU has Student Credit Unions in Kealakehe, Kohala and Konawaena High Schools. HCFCU provides service minded financial professionals that will help facilitate mortgage, land, construction, small business, education, personal and auto loans. HCFCU also offers complete checking and savings services, drive up tellers; credit and debit cards with rewards; online and mobile banking; investment services and youth programs. HCFCU also supports numerous Hawaii Island non-profit organizations and community events. Membership in Hawaii Community Federal Credit Union is open to all Hawaii Island residents.