A Huge Mahalo to - Pearl Hawaii · A Huge Mahalo to Neal Takase! On June 28th, Neal Takase retired as the President & CEO of Pearl Hawaii Federal Credit Union. Takase has worked with

A PUBLICATION BY PEARL HAWAII FEDERAL CREDIT UNIONISSUE 14 2nd & 3rd Quarter

94-449 Ukee Street • Waipahu, HI 96797

PRESORTEDSTANDARD

U.S. POSTAGEPAID

HONOLULU, HIPERMIT NO. 985

CA

LEN

DA

R Discovers’ Day October 14 Closed

International Credit Union Day

October 17 All Locations

Veterans Day November 11 Closed

Thanksgiving Day November 28 Closed

Toy Drive Nov 1 - Dec 15 All Locations

Hawaii Foodbank Drive Nov 12 - Jan 17 All Locations

Adopt a Family Adopt by December 5; donations by December 14

All Locations

Christmas Eve December 24 Closed at 1 pm

Christmas December 25 Closed

New Year’s Eve December 31 Closed at Noon

New Year’s January 1 Closed

A Huge Mahalo to Neal Takase!

On June 28th, Neal Takase retired as the President & CEO

of Pearl Hawaii Federal Credit Union. Takase has worked

with Pearl Hawaii since 1993, initially as the Vice President

of Operations and eventually becoming president in 2013.

Neal, thank you for your many years of devoted service.

Daniel Terada Our new President & CEO

“The Board of Directors is excited to an-

nounce Dan as Pearl Hawaii Federal Credit

Union’s next CEO/President,” said Gordon

Sam, Chairman of the Board of Directors.

“Dan has a wealth of experience that is cru-

cial to our continued success. We are confi-

dent that the future of the Credit Union will be

innovative and secure.”

Terada has nearly 17 years of experience in the financial services industry,

and a prior work history that includes the State of Hawaii and Aloha Airlines.

Additionally, he served as the past president of the 50th State Judo Associa-

tion. At Pearl Hawaii Federal Credit Union, Terada has served as the IT Man-

ager, Vice President of Operations/IT, and Executive Vice President. Terada

holds a Bachelor of Business Administration with a major in Management

Information Systems from University of Hawaii and is an honor graduate of

Western CUNA Management School.

“It is an honor to have been chosen to lead Pearl Hawaii Federal Credit

Union,” said Terada, “Pearl Hawaii has a rich history and I hope to continue

its legacy and make it an even greater resource to the membership and the

community.”

HELP A FAMILY THIS HOLIDAY SEASON!

ADOPT A FAMILY If you would like to be matched up with a specific family, call Helping Hands Hawaii at 808.440.3800. The matching pro-cess begins in early November, but you may send in your applications immediately.

CHOOSE AN ORNAMENT Visit any of our locations and choose an ornament, shop for the gift, and bring your gift to any Pearl Hawaii location by December 14.

DONATE Bring an unwrapped toy by Decem-ber 14 and we will ensure a child receives your gift before Christmas morning!

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WAIPIO 94-449 Ukee StreetWaipahu, HI 96797MON - FRI | 10 am - 6 pm SAT | 8 am - 3 pm

AIRPORT TRADE CENTER550 Paiea Street, Suite #128 Honolulu, HI 96819MON - FRI | 8:00 am - 4:00 pm SAT | 8:00 am - 3:00 pm

WAIANAE85-866 Farrington Hwy Waianae, HI 96792MON - FRI | 9 am - 5 pm SAT | 8 am - 3 pm

pearlhawaii.comEMAIL | [email protected] | 73.PHFCU (808.737.4328)TOLL FREE | 1.800.987.5583

The information is as current as possible. Pearl Hawaii Federal Credit Union reserves the right to add,

change or delete services. All rates and terms are subject to change without notice. Questions or

comments should be directed to: Wendy Bond, Marketing Director: [email protected]. ©2018 Pearl

Hawaii Federal Credit Union.

BOARD OF DIRECTORSChairman: Gordon SamVice-Chairman: Gary MockTreasurer: Clifford ChangSecretary: Glenn DangDirectors: Ryan Tsuji, Jonathan Lee, Kristen Woo

EXECUTIVE STAFFDaniel Terada, President/CEOJohn Furtado, Senior Vice PresidentLicie Uchino, Vice President of Branch Operations Tony Mau, Vice President of LoansBrandon Oshiro, IT DirectorJennifer Mukai, Human Resource Director Michele Villegas, Risk & Compliance Director Wendy Bond, Marketing Director

LOAN RATES APR*As Low As

TERM PAYMENT ESTIMATES (monthly)For other terms and rates, visit pearlhawaii.com

New + Used Auto** 2.19% 3 Year $1000- 35 payments of $28.73 + 1 of $28.53

Older Model Auto** 2.69% 3 Year $1000- 35 payments of 28.95 + 1 of $28.77

Personal Loans*** 2.99%SPECIAL

1 Year $1000-12 monthly payment of $84.91

3.99%SPECIAL

2 Year $1000- 23 payments of $43.42 + 1 of $43.34

5.50% 3 Year $1000- 35 payments of $30.20 + 1 of $30.02





Motorcycle-New**** 4.25% 2 Year $1000- 23 payments of $43.54, 1 of $43.37

Motorcycle-Used**** 4.75% 2 Year $1000- 23 payments of $43.76, 1 of $43.67

Mortgages: Conven-tional, Investment, First Time Home-buyer (Fixed rates and

0 to up to 3 points avail-

able)*****

Please call

30 Year Call 808-73-PHFCU (737-4328) to learn current rate

Home Equity Line of Credit (HELOC)***** Annual Adjustable80% Loan-To-Value

5.50%SPECIALAVAILABLE

---- Annual Adjustable Rate applicable 4/1/2019 through 3/31/2020. Thereafter, the interest rate will adjust in accordance with the terms of the Credit Agreement.Max Loan-to-value $300,000. 127 payments of $100.00 and 1 estimated final payment of $55.14.




HELOC Fixed Advance ***** Owner Occupied

Please call

1 Year Call 808-73-PHFCU (737-4328) to learn current rate.1, 2, 3, 5, 7, and 15 year terms available.

Home Equity Fixed (Closed-End)*****Owner Occupied & Investment

3.00% 7 Year $10,000- 83 payments of $132.13, 1 of $131.69

Home Equity Fixed (Closed-End)*****Investment


Home Equity Fixed (Closed-End) *****Owner Occupied

Please call

15 & 20 Year

Call 808-73-PHFCU (737-4328) to learn current rate

Visa Classic 13.90% Fixed See Visa Credit Card Disclosure at pearlhawaii.com

Platnium Rewards 6.99% + Prime See Visa Credit Card Disclosure at pearlhawaii.com

CHRIS KAMINAKA

PHONE (808) 218.6268 EMAIL [email protected]

WEB phfcu.com/youradvisor

ARE YOU RETIRING WITHIN THE NEXT 5 YEARS?

What should you focus on as the transition

approaches?

PEARL HARBOR NAVAL SHIPYARD585 Port Royal StreetHonolulu, HI 96818MON - FRI | 8:00 am to 4:15 pm

KAPIOLANI BUSINESS PLAZA1580 Makaloa StreetHonolulu, HI 96814MON - FRI | 8:00 am - 4:00 pm SAT | 8:00 am - 3:00 pm

EWA TOWN CENTER91-1401 Fort Weaver Road #A102 Ewa Beach, Hawaii 96706MON - FRI | 10 a.m. - 6 p.m. SAT | 8 am - 3 pm

SAVINGS RATESJumbo Savings 0.20% APY*

Savings(Traditional, Children’s, and Christmas)

0.10% APY*

SAVINGS CERTIFICATES**3 year 1.80% APY*

2 year 1.60% APY*

1 year 1.00% APY*

6 months 0.75% APY*

30 to 179 days 0.30% APY*

**Minimum deposit of $1000.

INDIVIDUAL RETIREMENT ACCOUNTS (IRA)3 Year-IRA Savings Certificate** (Traditional)

1.80% APY*

2 Year-IRA Savings Certificate** (Traditional)

1.60% APY*

1 Year-IRA Savings Certificate** (Traditional, Roth, Coverdell)

1.00% APY*

IRA Savings Account (Traditional, Roth, Coverdell)

0.20% APY*


*APY- Annual Percentage Yield. Rates effective 8/1/19. Rates, terms, and offer are subject to change without prior notice. Penalties may apply for early withdrawal. Speak to any staff member for details. S

AV

ING

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ATE

S

*Annual Percentage Rate (APR). The loan rates advertised are “A” Tier loan rates in our Multi-Tiered LoanRate Program. Other rates and terms are available. Other terms, conditions, and restrictions may apply. Visit any of our branches for more information. May not be used for a business loan. Borrower must be 18 years of age or older. Promotion is subject to change or cancellation without prior notice. **Financed amounts up to 120% of MSRP (new) or Kelley Blue Book Karpower Retail Value +/- value of mileage (used). Auto loans require a full coverage insurance policy, listing Pearl Hawaii FCU as the loss payee, with a maximum deductible of$500 for both comprehensive and collision. For used vehicles: Hawaii registered vehicles only. *** Other terms and rates available. Up to 7 year terms are available. Maximum amount borrowed: $30,000. **** Up to 100% financing available for up to five (5) years, not to exceed $25,000.00 of most recent Kelley Bluebook Retail Value (used) and MSRP (new). Motorcycle loans require a full coverage insurance policy, listing Pearl Hawaii FCU as the loss payee, with a maximum deductible of $500 for both comprehensive and collision. The primary borrower must be licensed with a valid class 2 operator’s license. Unacceptable security: Mopeds, nopeds,and motor scooters, as well as all off-road vehicles, including but not limited to all-terrain vehicles and dirtbikes. Motorcycles must be registered and licensed in the state of Hawai’i.***** NMLS# 472169. The AnnualAdjustable Rate will adjust in accordance with the terms of your Credit Agreement and in no event shall the APR be less than 4.00% or greater than 18.00%. The initial advance must be $1,000 or more. Other conditions and restrictions may apply. Any existing junior liens from financial institutions other than PHFCU must be paid off and may be paid by an initial draw from the new Home Equity Line of Credit account. Visit any of ourbranches for more information. May not be used for a business loan. Borrower must be 18 years of age orolder. Promotion is subject to change or cancellation without prior notice. Only improved owner-occupant properties on Oahu accepted as collateral. You must maintain fire, hurricane, and flood (if in flood hazard zone) insurance on the property which secures your Home Equity Line of Credit. PHFCU must be listed as a loss payee on the Home Insurance policies. There are pre-payment penalties, or annual fees. Closing CostFees that may be incurred: title insurance fee, document preparation fee, SRA\appraisal fee, tax verification fee, trust review fee, recording fees, application fee, or flood verification fee. Closing cost fees incurred will be dependent on amount borrowed and will vary based on member’s situation. Total HELOC loan amount received, rate, and terms are subject to credit approval. For HELOC Fixed Rate Advances: Initial advancemust be at least $1000.00, subsequent advances must be at least $250.00. Up to 4 separate loans (1 adjust-able rate line-of-credit and up to 3 fully amortized fixed rate advances) can be active at a time for up to a 15-year term. Rate includes United States Treasury Security (USTS) plus a margin. USTS changes daily and is dis-closed on USTS’ website. Rates may change at any time. Contact us for more information. Total outstanding balance cannot exceed total approved available credit amount. Maximum loan amount for 7 year, 12 year investment, 15 year, and 20 year owner occupied aggregate loan amount is up to $625,500.

YOU CAN PREPARE FOR YOUR RETIREMENT TRANSITION YEARS BEFORE IT OCCURS. In doing so, you can do your best to avoid the kind of financial surprises that tend to upset an unsuspecting new retiree.

HOW MUCH MONTHLY INCOME WILL YOU NEED? Look at your monthly expenses and add them up. (Consider also the trips, adventures and pursuits you have in mind in the near term.) You may end up living on less; that may be acceptable, as your monthly expenses may decline. If your retirement income strategy was conceived a few years ago, revisit it to see if it needs adjusting. As a test, you can even try living on your projected monthly income for 2-3 months prior to retiring. SHOULD YOU DOWNSIZE OR RELOCATE? Moving into a smaller home may reduce your monthly expenses. If you will still be paying off your home loan in retirement, realize that your monthly income might be lower as you do so.

HOW SHOULD YOUR PORTFOLIO BE CONSTRUCTED? In planning for retire-ment, the top priority is to build investments; within retirement, the top priority is generating consistent, sufficient income. With that in mind, port-folio assets may be adjusted or reallocated with respect to time, risk tol-erance, and goals: it may be wise to have some risk-averse investments that can provide income in the next few years as well as growth invest-ments geared to income or savings objectives on the long-term horizon.

HOW WILL YOU LIVE? There are people who wrap up their careers without much idea of what their day-to-day life will be like once they retire. Some picture an endless Saturday. Others wonder if they will lose their sense of purpose (and self) away from work. Remember that retirement is a beginning. Ask yourself what you would like to begin doing. Think about how to structure your days to do it, and how your day-to-day life could change for the better with the gift of more free time.

HOW WILL YOU TAKE CARE OF YOURSELF? What kind of health insurance do you have right now? If you retire prior to age 65, Medicare will not be there for you. Check and see if your group health plan will extend certain benefits to you when you retire; it may or may not. If you can stay enrolled in it, great; if not, you may have to find new coverage at presumably higher premiums.

Even if you retire at 65 or later, Medicare is no panacea. Your out-of-pocket health care expenses could still be substantial with Medicare in place. Extended care is another consideration – if you think you (or your spouse) will need it, should it be funded through existing assets or some form of LTC insurance?

GIVE YOUR RETIREMENT STRATEGY A SECOND LOOK AS THE TRANSITION APPROACHES. Review it in the company of the financial professional who helped you create and refine it. An adjustment or two before retirement may be necessary due to life or financial events.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in render-ing legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recom-mendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. Investments seeking to achieve higher rate of return also involve a higher degree of risk.

*Pearl Hawaii Wealth Advisors are registered representatives of CUNA Brokerage Ser-vices, Inc. Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered bro-ker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty States of the United States of America.

INTRODUCING...THE NOMINATING COMMITTEE HAS ANNOUNCED THE

FOLLOWING INDIVIDUALS AS THEIR NOMINEES FOR BOARD OF DIRECTORS

Asterisk (*) denotes incumbent

CLIFFORD E. CHANG* PHFCU member since 1968. Mem-ber of PHFCU BOD from 1990 to present. Served as Chairman of the Board from 1990-1991, Vice Chairman of the Board from 1991-1992, and Board Treasurer from 1992-1993 and 1996 to present. Member of the PHFCU Supervisory Committee from 1985-1989. Recipient of the Edward A. Filene Volunteer Achievement Award by the Credit Union National Associa-tion. Retired from Pearl Harbor Naval Shipyard as a Code 200 Project Engineering Planning Manager in October 2008 after 42 years of service.

GLENN DANG* PHFCU member since 1970. Received Bachelor’s degree in Mechanical Engineering from Cal Poly University, San Luis Obispo California. Current Board Secretary. Member of the Supervisory Committee in 1996. Chairman of the Supervisory Committee from 1999 to 2011. Presently retired from the Pearl Harbor Naval Shipyard after 44 years of service in the Nuclear Engineering Department. Recipient of the Board of Directors Award and the Edward A. Filene Volunteer Achievement Awards by the Credit Union National Associa-tion in 2008.

GARY K. W. MOCK* PHFCU member since 1965. Received Electrical Engineering degree from UH in 1965. Completed graduate courses in the UH’s Master’s Degree Program in Busi-ness Administration. Serving on the PHFCU Board of Directors 1990-present. Secretary of the Board from 1995 – 2008. Board Treasurer 1991-1992. Chairman of the Board 1992-1993. Member of PHFCU Supervisory Committee 1986-1990, serving as Chairman from 1987-1990. Retired as general engineer from PHNSY & IMF Engineering and Planning Department. Recipient of Filene and Raiffeisen Volunteer Achievement Awards.

Nominations for Board of Directors may also be made by petition. Petitions for nomination must be signed by 1% of the membership (at least 295 members), include printed name, each signer’s account number, and legal signature. The petition shall also include a signed statement by the nominee stating that he/she agrees to place their name in nomination and will serve, if elected. The petition shall include a resume of nominee’s qualifications with biographical data and a 3” x 4” photo. It must be filed with the PHFCU President/CEO at the Main Credit Union Office (Waipio), 94-449 Ukee Street, Waipahu, Hawaii 96797 by January 9, 2020. Nominations will not be accepted from the Annual Meeting floor. Final acceptance of the petition is to be withheld pending certification of signatures by the Nomination Committee. Nominees shall be subject to an interview by the Nomination Committee. Note: Elections will not be conducted by ballot and there will be no nominations from the floor when there is only one nominee for each position to be filled.

INTERESTED IN RUNNING FOR OUR BOARD OF DIRECTORS?

ROY SEU has retired from the Board of Directors after volunteering for 27 years with us.

Thank you Roy... You will be missed!

KRISTEN WOO has been appointed by the Board of Directors to fill Mr. Seu’s position for the remainder of the term.

Rewards

2.25% APY up to a balance cap of$10,000 APY Range 2.25% 0.43%

2.50% cash back on qualified debit card purchases up to $400.00

Up to $10.00 monthly reward

Kasasa Cash®*

Kasasa Cash Back®*

Kasasa Tunes®*

KASASA CHECKING ACCOUNTS



PRESORTEDSTANDARD

U.S. POSTAGEPAID


CA

LEN

DA









All Locations































community.”


ADOPT A FAMILY If you would like to be matched up with a specific family, call Helping Hands Hawaii at 808.440.3800. The matching pro-cess begins in early November, but you may send in your applications immediately.

CHOOSE AN ORNAMENT Visit any of our locations and choose an ornament, shop for the gift, and bring your gift to any Pearl Hawaii location by December 14.


LOC

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ON

S +

HO

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S

WAIPIO 94-449 Ukee StreetWaipahu, HI 96797MON - FRI | 10 am to 6 pmSAT | 8 am to 3 pm

AIRPORT TRADE CENTER550 Paiea Street, Suite #128Honolulu, HI 96819MON - FRI | 8:00 am - 4:00 pmSAT | 8:00 am - 3:00 pm

WAIANAE85-866 Farrington HwyWaianae, HI 96792MON - FRI | 9 am - 5 pmSAT | 8 am - 3 pm







EXECUTIVE STAFFDaniel Terada, President/CEOJohn Furtado, Senior Vice PresidentLicie Uchino, Vice President of Branch OperationsTony Mau, Vice President of LoansBrandon Oshiro, IT DirectorJennifer Mukai, Human Resourse DirectorMichele Villegas, Risk & Compliance DirectorWendy Bond, Marketing Director







3.99%SPECIAL











able)*****

Please call









Please call







Please call

15 & 20 Year




CHRIS KAMINAKA





approaches?


KAPIOLANI BUSINESS PLAZA1580 Makaloa StreetHonolulu, HI 96814MON - FRI | 8:00 am - 4:00 pmSAT | 8:00 am - 3:00 pm

EWA TOWN CENTER91-1401 Fort Weaver Road #A102Ewa Beach, Hawaii 96706MON - FRI | 10 a.m. to 6 p.m.SAT | 8 am to 3 pm



0.10% APY*


2 year 1.60% APY*

1 year 1.00% APY*

6 months 0.75% APY*

30 to 179 days 0.30% APY*



1.80% APY*


1.60% APY*


1.00% APY*


0.20% APY*



AV

ING

S R

ATE

S

*Annual Percentage Rate (APR). The loan rates advertised are “A” Tier loan rates in our Multi-Tiered Loan Rate Program. Other rates and terms are available. Other terms, conditions, and restrictions may apply. Visit any of our branches for more information. May not be used for a business loan. Borrower must be 18 years of age or older. Promotion is subject to change or cancellation without prior notice. **Financed amounts up to 120% of MSRP (new) or Kelley Blue Book Karpower Retail Value +/- value of mileage (used). Auto loans require a full coverage insurance policy, listing Pearl Hawaii FCU as the loss payee, with a maximum deductible of $500 for both comprehensive and collision. For used vehicles: Hawaii registered vehicles only. *** Other terms and rates available. Up to 7 year terms are available. Maximum amount borrowed: $30,000. **** Up to 100% financing available for up to five (5) years, not to exceed $25,000.00 of most recent Kelley Bluebook Retail Value (used) and MSRP (new). Motorcycle loans require a full coverage insurance policy, listing Pearl Hawaii FCU as the loss payee, with a maximum deductible of $500 for both comprehensive and collision. The primary borrower must be licensed with a valid class 2 operator’s license. Unacceptable security: Mopeds, nopeds, and motor scooters, as well as all off-road vehicles, including but not limited to all-terrain vehicles and dirt bikes. Motorcycles must be registered and licensed in the state of Hawai’i.***** NMLS# 472169. The Annual Adjustable Rate will adjust in accordance with the terms of your Credit Agreement and in no event shall the APR be less than 4.00% or greater than 18.00%. The initial advance must be $1,000 or more. Other conditions and restrictions may apply. Any existing junior liens from financial institutions other than PHFCU must be paid off and may be paid by an initial draw from the new Home Equity Line of Credit account. Visit any of our branches for more information. May not be used for a business loan. Borrower must be 18 years of age or older. Promotion is subject to change or cancellation without prior notice. Only improved owner-occupant properties on Oahu accepted as collateral. You must maintain fire, hurricane, and flood (if in flood hazard zone) insurance on the property which secures your Home Equity Line of Credit. PHFCU must be listed as a loss payee on the Home Insurance policies. There are pre-payment penalties, or annual fees. Closing Cost Fees that may be incurred: title insurance fee, document preparation fee, SRA\appraisal fee, tax verification fee, trust review fee, recording fees, application fee, or flood verification fee. Closing cost fees incurred will be dependent on amount borrowed and will vary based on member’s situation. Total HELOC loan amount received, rate, and terms are subject to credit approval. For HELOC Fixed Rate Advances: Initial advance must be at least $1000.00, subsequent advances must be at least $250.00. Up to 4 separate loans (1 adjust-able rate line-of-credit and up to 3 fully amortized fixed rate advances) can be active at a time for up to a 15-year term. Rate includes United States Treasury Security (USTS) plus a margin. USTS changes daily and is dis-closed on USTS’ website. Rates may change at any time. Contact us for more information. Total outstanding balance cannot exceed total approved available credit amount. Maximum loan amount for 7 year, 12 year investment, 15 year, and 20 year owner occupied aggregate loan amount is up to $625,500.

YOU CAN PREPARE FOR YOUR RETIREMENT TRANSITION YEARS BEFORE IT OCCURS. In doing so, you can do your best to avoid the kind of financial surprises that tend to upset an unsuspecting new retiree. HOW MUCH MONTHLY INCOME WILL YOU NEED? Look at your monthly expenses and add them up. (Consider also the trips, adventures and pursuits you have in mind in the near term.) You may end up living on less; that may be acceptable, as your monthly expenses may decline. If your retirement income strategy was conceived a few years ago, revisit it to see if it needs adjusting. As a test, you can even try living on your projected monthly income for 2-3 months prior to retiring. SHOULD YOU DOWNSIZE OR RELOCATE? Moving into a smaller home may reduce your monthly expenses. If you will still be paying off your home loan in retirement, realize that your monthly income might be lower as you do so. HOW SHOULD YOUR PORTFOLIO BE CONSTRUCTED? In planning for retire-ment, the top priority is to build investments; within retirement, the top priority is generating consistent, sufficient income. With that in mind, port-folio assets may be adjusted or reallocated with respect to time, risk tol-erance, and goals: it may be wise to have some risk-averse investments that can provide income in the next few years as well as growth invest-ments geared to income or savings objectives on the long-term horizon. HOW WILL YOU LIVE? There are people who wrap up their careers without much idea of what their day-to-day life will be like once they retire. Some picture an endless Saturday. Others wonder if they will lose their sense of purpose (and self) away from work. Remember that retirement is a beginning. Ask yourself what you would like to begin doing. Think about how to structure your days to do it, and how your day-to-day life could change for the better with the gift of more free time. HOW WILL YOU TAKE CARE OF YOURSELF? What kind of health insurance do you have right now? If you retire prior to age 65, Medicare will not be there for you. Check and see if your group health plan will extend certain benefits to you when you retire; it may or may not. If you can stay enrolled in it, great; if not, you may have to find new coverage at presumably higher premiums. Even if you retire at 65 or later, Medicare is no panacea. Your out-of-pocket health care expenses could still be substantial with Medicare in place. Extended care is another consideration – if you think you (or your spouse) will need it, should it be funded through existing assets or some form of LTC insurance? GIVE YOUR RETIREMENT STRATEGY A SECOND LOOK AS THE TRANSITION APPROACHES. Review it in the company of the financial professional who helped you create and refine it. An adjustment or two before retirement may be necessary due to life or financial events.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in render-ing legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recom-mendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. Investments seeking to achieve higher rate of return also involve a higher degree of risk. *Pearl Hawaii Wealth Advisors are registered representatives of CUNA Brokerage Ser-vices, Inc. Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered bro-ker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty States of the United States of America.












Rewards




Kasasa Cash®*

Kasasa Cash Back®*

Kasasa Tunes®*


LOC

ATI

ON

S +

HO

UR

S

WAIPIO 94-449 Ukee StreetWaipahu, HI 96797MON - FRI | 10 am to 6 pmSAT | 8 am to 3 pm

AIRPORT TRADE CENTER550 Paiea Street, Suite #128Honolulu, HI 96819MON - FRI | 8:00 am - 4:00 pmSAT | 8:00 am - 3:00 pm

WAIANAE85-866 Farrington HwyWaianae, HI 96792MON - FRI | 9 am - 5 pmSAT | 8 am - 3 pm







EXECUTIVE STAFFDaniel Terada, President/CEOJohn Furtado, Senior Vice PresidentLicie Uchino, Vice President of Branch OperationsTony Mau, Vice President of LoansBrandon Oshiro, IT DirectorJennifer Mukai, Human Resourse DirectorMichele Villegas, Risk & Compliance DirectorWendy Bond, Marketing Director







3.99%SPECIAL











able)*****

Please call









Please call







Please call

15 & 20 Year




CHRIS KAMINAKA





approaches?


KAPIOLANI BUSINESS PLAZA1580 Makaloa StreetHonolulu, HI 96814MON - FRI | 8:00 am - 4:00 pmSAT | 8:00 am - 3:00 pm

EWA TOWN CENTER91-1401 Fort Weaver Road #A102Ewa Beach, Hawaii 96706MON - FRI | 10 a.m. to 6 p.m.SAT | 8 am to 3 pm



0.10% APY*


2 year 1.60% APY*

1 year 1.00% APY*

6 months 0.75% APY*

30 to 179 days 0.30% APY*



1.80% APY*


1.60% APY*


1.00% APY*


0.20% APY*



AV

ING

S R

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*Annual Percentage Rate (APR). The loan rates advertised are “A” Tier loan rates in our Multi-Tiered Loan Rate Program. Other rates and terms are available. Other terms, conditions, and restrictions may apply. Visit any of our branches for more information. May not be used for a business loan. Borrower must be 18 years of age or older. Promotion is subject to change or cancellation without prior notice. **Financed amounts up to 120% of MSRP (new) or Kelley Blue Book Karpower Retail Value +/- value of mileage (used). Auto loans require a full coverage insurance policy, listing Pearl Hawaii FCU as the loss payee, with a maximum deductible of $500 for both comprehensive and collision. For used vehicles: Hawaii registered vehicles only. *** Other terms and rates available. Up to 7 year terms are available. Maximum amount borrowed: $30,000. **** Up to 100% financing available for up to five (5) years, not to exceed $25,000.00 of most recent Kelley Bluebook Retail Value (used) and MSRP (new). Motorcycle loans require a full coverage insurance policy, listing Pearl Hawaii FCU as the loss payee, with a maximum deductible of $500 for both comprehensive and collision. The primary borrower must be licensed with a valid class 2 operator’s license. Unacceptable security: Mopeds, nopeds, and motor scooters, as well as all off-road vehicles, including but not limited to all-terrain vehicles and dirt bikes. Motorcycles must be registered and licensed in the state of Hawai’i.***** NMLS# 472169. The Annual Adjustable Rate will adjust in accordance with the terms of your Credit Agreement and in no event shall the APR be less than 4.00% or greater than 18.00%. The initial advance must be $1,000 or more. Other conditions and restrictions may apply. Any existing junior liens from financial institutions other than PHFCU must be paid off and may be paid by an initial draw from the new Home Equity Line of Credit account. Visit any of our branches for more information. May not be used for a business loan. Borrower must be 18 years of age or older. Promotion is subject to change or cancellation without prior notice. Only improved owner-occupant properties on Oahu accepted as collateral. You must maintain fire, hurricane, and flood (if in flood hazard zone) insurance on the property which secures your Home Equity Line of Credit. PHFCU must be listed as a loss payee on the Home Insurance policies. There are pre-payment penalties, or annual fees. Closing Cost Fees that may be incurred: title insurance fee, document preparation fee, SRA\appraisal fee, tax verification fee, trust review fee, recording fees, application fee, or flood verification fee. Closing cost fees incurred will be dependent on amount borrowed and will vary based on member’s situation. Total HELOC loan amount received, rate, and terms are subject to credit approval. For HELOC Fixed Rate Advances: Initial advance must be at least $1000.00, subsequent advances must be at least $250.00. Up to 4 separate loans (1 adjust-able rate line-of-credit and up to 3 fully amortized fixed rate advances) can be active at a time for up to a 15-year term. Rate includes United States Treasury Security (USTS) plus a margin. USTS changes daily and is dis-closed on USTS’ website. Rates may change at any time. Contact us for more information. Total outstanding balance cannot exceed total approved available credit amount. Maximum loan amount for 7 year, 12 year investment, 15 year, and 20 year owner occupied aggregate loan amount is up to $625,500.

YOU CAN PREPARE FOR YOUR RETIREMENT TRANSITION YEARS BEFORE IT OCCURS. In doing so, you can do your best to avoid the kind of financial surprises that tend to upset an unsuspecting new retiree. HOW MUCH MONTHLY INCOME WILL YOU NEED? Look at your monthly expenses and add them up. (Consider also the trips, adventures and pursuits you have in mind in the near term.) You may end up living on less; that may be acceptable, as your monthly expenses may decline. If your retirement income strategy was conceived a few years ago, revisit it to see if it needs adjusting. As a test, you can even try living on your projected monthly income for 2-3 months prior to retiring. SHOULD YOU DOWNSIZE OR RELOCATE? Moving into a smaller home may reduce your monthly expenses. If you will still be paying off your home loan in retirement, realize that your monthly income might be lower as you do so. HOW SHOULD YOUR PORTFOLIO BE CONSTRUCTED? In planning for retire-ment, the top priority is to build investments; within retirement, the top priority is generating consistent, sufficient income. With that in mind, port-folio assets may be adjusted or reallocated with respect to time, risk tol-erance, and goals: it may be wise to have some risk-averse investments that can provide income in the next few years as well as growth invest-ments geared to income or savings objectives on the long-term horizon. HOW WILL YOU LIVE? There are people who wrap up their careers without much idea of what their day-to-day life will be like once they retire. Some picture an endless Saturday. Others wonder if they will lose their sense of purpose (and self) away from work. Remember that retirement is a beginning. Ask yourself what you would like to begin doing. Think about how to structure your days to do it, and how your day-to-day life could change for the better with the gift of more free time. HOW WILL YOU TAKE CARE OF YOURSELF? What kind of health insurance do you have right now? If you retire prior to age 65, Medicare will not be there for you. Check and see if your group health plan will extend certain benefits to you when you retire; it may or may not. If you can stay enrolled in it, great; if not, you may have to find new coverage at presumably higher premiums. Even if you retire at 65 or later, Medicare is no panacea. Your out-of-pocket health care expenses could still be substantial with Medicare in place. Extended care is another consideration – if you think you (or your spouse) will need it, should it be funded through existing assets or some form of LTC insurance? GIVE YOUR RETIREMENT STRATEGY A SECOND LOOK AS THE TRANSITION APPROACHES. Review it in the company of the financial professional who helped you create and refine it. An adjustment or two before retirement may be necessary due to life or financial events.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in render-ing legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recom-mendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. Investments seeking to achieve higher rate of return also involve a higher degree of risk. *Pearl Hawaii Wealth Advisors are registered representatives of CUNA Brokerage Ser-vices, Inc. Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered bro-ker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty States of the United States of America.












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ADOPT A FAMILY If you would like to bematched up with a specific family, call Helping Hands Hawaii at 808.440.3800. The matching pro-cess begins in early November, but you may send in your applications immediately.

CHOOSE AN ORNAMENT Visit any ofour locations and choose an ornament, shop for the gift, and bring your gift to any Pearl Hawaii location by December 14.


Documents

A Huge Mahalo to - Pearl Hawaii · A Huge Mahalo to Neal Takase! On June 28th, Neal Takase retired as the President & CEO of Pearl Hawaii Federal Credit Union. Takase has worked with