Comment Detail
Date: 03/03/23 First Name: Kristopher Last Name: Kono Email: kristopher.kono@alohapacific.com Organization Type: other Organization: Aloha Pacific Comment
The majority of our business is home mortgages and home equity loans to members. With the prices of real estate being among the highest in the nation, a Hawaii based credit union of our size needs access needs affordable funding and technical resources. The Federal Home Loan Bank of Des Moines provides us this and is an essential part of our business. This year, they provided critical funding during a period when we faced rapidly rising interest rates, share deposit withdrawals and spiking loan demand for HELOC. This afforded us the time to make crucial adjustments while still being able to provide our members with affordable access to credit. I would not recommend making any changes to their charter or mission.
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