Estate planning at HawaiiUSA FCU

Yes, and both are on a clock. HawaiiUSA’s Schedule of Fees and Charges applies an inactive account fee monthly after three years with no activity, and it defines activity to exclude credit-union-initiated transactions such as dividend postings and service charges — so an account that is merely sitting there earning dividends is still counted as inactive. The same schedule notes that Hawaii statutes require any balance to be turned over to the State of Hawaii after five years of inactivity with no member contact, and an abandoned property processing fee is charged in the month the account is processed for escheatment. Long estate administrations should keep contact with the Member Solution Center on the record rather than letting the accounts sit silent.

Only the deposit accounts — checking, savings, money market, and share certificates. Two things trip up HawaiiUSA members. First, HSAs and IRAs (including the Traditional and Roth IRA Share Certificates) pass on their own beneficiary designation, which is a separate form from the POD; a POD designation on your savings does not carry over to them. Second, HawaiiUSA members commonly hold several shares — a Basic Savings (Prime Share), one or more Secondary Savings sub-accounts, a Christmas Club, and sometimes legacy Super Savings or Super Checking accounts — so ask the representative to confirm the designation is applied to each share you mean to cover, not just the one you are looking at. Beneficiary designation cannot be done online; use a branch, or call the Member Solution Center at (808) 534-4300 and return the signed form.