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					                                                                A PUBLICATION OF THE

Big Island News
                  The first chartered credit union in the State of Hawaii                                                     Spring/Summer 2003

                     SIZZLING SUMMER
                    AUTO LOAN SPECIAL
                   Cool off your summer this year in a new or used vehicle with
                   the help of Big Island FCU’s Sizzling Summer Auto Loan
                   Special! New auto rates start off at a LOW 3.9% APR for 36
                   months, with longer terms also available at low rates, and

                   used automobiles up to 5 years old are at an all-time low of
                   6.0% APR .
                   With an auto loan from Big Island FCU, you are guaranteed to
                   get one of the lowest rates from any financial institution in
                    Come in for a FREE, no obligation pre-qualification letter to find out how much buying power
                      you have OR if you know what you want, pre-qualify on-line at!!
                    New and used auto advances made between June 1 and June 30, 2003 will be offered the special low ANNUAL PERCENTAGE RATE. After June 30,
                   2003, the ANNUAL PERCENTAGE RATE will be listed under Loan Rates. Please retain the disclosure on this newsletter with the LOANLINER.

                     Picture Perfect Mortgage Promotion
                                           Shopping around for the perfect house is enough of a task. Who needs to worry
                                           about shopping for the best home loan? Well, worry no more because we have
                                           the Picture Perfect Mortgage Promotion and Home Equity Special. Just look at
                                           some of the benefits you can get:

                                                     * Special LOW RATES
                                                     * NO points
                                                     * NO closing costs
                                                     * NO documenation fees

                                           Call us or stop by for more information or for the latest rates or to fill out our
                                           Mortgage Pre-qualification form, visit us online at!!
                                                                                                                                                We Do Business In
                                                                                                                                                Accordance With the
                                                                                                                                                Federal Fair Housing
                                                                                                                                                Law and the Equal Credit
                                                                                                                                                Opportunity Act.

                                             Branch Hours: Monday-Thursday 9:00am-4:30pm / Friday 9:00am-5:00pm
                    VISA: 3.75% APR!!
                               Right now, Big Island FCU’s interest rates for VISA®
                                Classic and Gold credit cards are at an all-time low
                                  of 3.75% APR on new purchases and balance
                                   transfers. So now is the perfect time to get a
                                     credit card from Big Island FCU. Applying
                                     for a card is easy! Simply call or stop by
                                      one of our branches. You can even fill out
                                      an application online. Plus, you will never pay
                                       any annual fees, balance transfer fees or monthly
                                        maintenance fees!

                                            If you already have a Big Island FCU credit card, you can transfer all of your other
                                             high interest rate credit card balances over to our VISA® Classic or Gold credit
                                              cards and pay one low rate of 3.75% APR. You can even transfer department
                                              store charge cards and loans from other financial institutions to your Big Island
                                               FCU credit card! This is a smart way to consolidate your total debt and gain
                                                control of your finances. Transferring all of your credit card balances to Big
                                                Island FCU will save you time and money.

                                                  This special offer is only available now through June 30, 2004*, so start
                                                  transferring your balances today!

* On July 1, 2004, the rate on balance transfers and new purchases will go back to the normal APR (15.00% Classic/11.80% Gold)

         On-Line Bill Pay Coming Soon!
                                   Tired of writing checks every month? Postage prices going up? Let Big Island FCU help take
                                   the worries out of paying bills. We are happy to announce that later this summer we will be
                                   introducing a new service to our family of On-Line products... ON-LINE BILL PAY!
                                   With On-Line Bill Pay, you’ll find that paying your bills will be easier than ever. After a one-
                                    time setup, it’s as simple as point and click to get ALL your bills paid quickly, safely and most
                                      of all, on-time.
                                      On-Line Bill Pay will be available to you for a nominal charge with unlimited bill paying.
                                      You must first be a user of our On-Line Branch, so if you’re not already signed up, come in
                                      today... it’s free!
                                   Look for our next newsletter for more details on this exciting new service!

Page 2                                                                                                                           BIG ISLAND NEWS
Scholarship Recipients                                             New Board Members
  2-Year Post -Secondary Division:                                                Donna Dodd
  KAIMANA AIWOHI - Hilo High School                                               Donna is a former employee of First
  LEI ANNA NAKASHIMA - Hilo High School                                           Hawaiian Bank and is currently
  RACHEL SUMIC - Hawaii Community College                                         working for her family construction
                                                                                  business. She has been a member
                                                                                  of Big Island FCU since 1986.
  Undergraduate Division:
  BLAKE KURISU - Waiakea High School
  EISHA MATSUBARA - Waiakea High School
  LEIGH KUSINSKI - Hilo High School                                               Gregory Pacheco
  JOSHUA SIMMONS - Brandies University                          Greg is a local business owner and
  LORI HIRAYAMA - Loyola Marymount University                    has been a member of Big Island
  MEGAN WONG - Konawaena High School                                               FCU since 1986.

  Graduate Division:
  MARSHA PAULINE - University of Hawaii at Manoa
  SHERA SUGIBAYASHI - University of Hawaii at Manoa
                                                                                   Herbert Zane

Congratulations                                                                    Herb has been a member of Big
                                                                                   Island FCU for over 30 years. He
                                                                                   is a retiree of the Department of
                                                                                   Education where he was a

 to all students!
                                                                                   teacher, counselor and

         New ATM Card !                                                                  2003-2004
                                                                                       Pocket Calendar
                          While others are phasing out their ATM card programs         We are continuing our pocket
                                                                                       calendars this year as designed
                           and then requiring you to open a Share Draft
                                                                                       to follow an academic year. Our
                             Checking Account just to get ATM access, we here          annual Big Island FCU pocket
                               at Big Island FCU are doing the opposite. We            calendars will be available in
                                 understand the needs of the people of Hawaii          July and may be picked up at
                                   and are continuing our ATM program. In fact,        either branch. This year, they
                                   we’ve even given it a whole new look. So,           will be available in five attractive
                                  whether you have a Share Draft Checking              colors: Blue, white, red, grey and
                            Account or not, we have a card that will fit your          aqua.
                        needs.                                                         Come in early for best selection
                                                                                       as these are only available while
                                                                                       supplies last!
                       Come in today to learn more about our various card

BIG ISLAND NEWS                                                                                                     Page 3
                            BOARD OF DIRECTORS
                                                                                                               In continuing to provide you
   Chairman: Samuel Thomas                                                                                   with the most secure means of
   Vice Chairman: Karl Kawahara                                                                                    using your Big Island FCU
   Secretary: Earl Ogata                                                                                     accounts, we have pre-enrolled
   Treasurer: Neil Brazier                                                                                     your VISA Express Check card
   Directors: Donna Dodd, Gregory Pacheco, Herbert Zane                            into the Verified by VISA program. When you shop on a
                                                                                   web site of a participating merchant, you will get a pop
                                                                                    up window requiring you to activiate a password. This
                                        MANAGEMENT                                      has been set up to protect both you and the credit
                                                                                   union from fraudulent transactions. It is very important
   President & CEO: Paul Pakele                                                      that you activiate your password, otherwise your VISA
   Vice President of Financial Services: Etta Palea                                                        Express Check card will not work.
   Director of Compliance: Corey Ishimoto
   Director of Human Resources: Debora Clifford                                           For our VISA credit card holders, a statement insert
   Director of Marketing & Communications: Travis Uchino                                describing this new service was included in your last
   Controller: Dennis Ishigo                                                                                                billing statement.

                                                                                                              SHARE RATES
                                    HOLIDAY SCHEDULE                                                                   DIVIDEND RATE      APY*
                                                                                  Shares                                   1.25%         1.26%
   INDEPENDENCE DAY: Friday, July 4                                               Money Market                             1.25%         1.26%
   LABOR DAY: Monday, September 1                                                 Term Share Certificate - 6 Months        1.80%         1.82%
                                                                                  Term Share Certificate - 1 Year          1.90%         1.92%
                                                                                  Term Share Certificate - 2 Years         2.40%         2.43%
                                                                                  IRA - Shares                             1.25%         1.26%
                        CONTACT INFORMATION                                       IRA - 1 Year                             2.35%         2.38%
                                                                                  IRA - 2 Years                            2.45%         2.48%
   HILO: 66 Lono Street, Hilo, Hawaii 96720
                                                                                  * Annual Percentage Yield                          ALA: As Low As
         Ph: (808)935-9778 / Loans: (808)935-6665
         Fax: (808)934-7572
   KONA: 75-5737 Kuakini Hwy., Kailua-Kona, Hawaii 96740                                                      LOAN RATES
         Ph: (808)329-8889 / Fax: (808)326-4959                                            TYPE                        TERM             APR*
   WEBSITE:                                                  Signature                            1-6 Years      ALA 8.75%
                                                                                  New Vehicles                         3-7 Years      ALA 6.75%
                                                                                  Used Vehicles                        Up to 5 Years  ALA 7.50%
                                                                                  Overdraft Protection                 Signature     ALA 13.00%
                                                                                  Home Equity Loan Draft                                  6.00%
                                                                                  VISA Classic                                           15.00%
          We Do Business In
          Accordance With the       All account rates, terms and conditions are
          Federal Fair Housing      set forth by the Board of Directors and are
          Law and the Equal
          Credit Opportunity Act.         subject to change without notice.       VISA Gold                                              11.80%
                                                                                  * Annual Percentage Rate

                                                                                                                             PRSRT STD
                                                                                                                         U.S. POSTAGE PAID
                                                                                                                               HILO, HI
                                                                                                                           PERMIT NO. 10

66 Lono Street • Hilo, Hawaii 96720-4144

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