Question 1

What is Local Union 1186 IBEW Credit Union?

Accepted Answer

Local Union 1186 IBEW Credit Union is a specialized federal credit union serving members of the International Brotherhood of Electrical Workers (IBEW) Local 1186 in Hawaii. Headquartered in Honolulu, this member-focused financial cooperative operates with approximately $13.2 million in assets and serves over 1,000 members across the Hawaiian Islands.

The credit union was established to provide affordable financial services to electrical workers, telecommunications professionals, and their families throughout Hawaii's islands.

Question 2

When was Local Union 1186 IBEW Credit Union founded?

Accepted Answer

Local Union 1186 IBEW Credit Union was chartered in 1956, sixteen years after IBEW Local 1186 itself was established in 1940. The credit union was founded to serve the financial needs of Hawaii's electrical workers and their families, providing a cooperative alternative to traditional banking.

IBEW Local 1186 was originally chartered on June 6, 1940, to 19 civil service electricians employed at Pearl Harbor Naval Shipyard (now Joint Base Pearl Harbor Hickam). As the union grew from 295 members in 1941 to over 3,500 members today, the credit union has grown alongside it, maintaining its commitment to serving the electrical trades community.

Question 3

Where is Local Union 1186 IBEW Credit Union headquartered?

Accepted Answer

Local Union 1186 IBEW Credit Union is headquartered at 1935 Hau Street, Suite 300, in Honolulu, Hawaii. The credit union shares its address with IBEW Local 1186's main offices, reflecting the close relationship between the union and its financial cooperative.

Question 4

Where does Local Union 1186 IBEW Credit Union operate?

Accepted Answer

The credit union operates throughout the state of Hawaii, serving members across all major islands including Oahu, Maui, Kauai, and the Big Island. IBEW Local 1186 maintains offices on multiple islands, with the main headquarters in Honolulu serving as the primary hub.

Membership is restricted to IBEW Local 1186 members, their families, and qualifying individuals. This includes electricians working in industrial, commercial, and residential sectors, telecommunications workers, federal civil service employees, and professionals in motor/marine and cable industries.

Question 5

What services does Local Union 1186 IBEW Credit Union offer?

Accepted Answer

Local Union 1186 IBEW Credit Union provides core financial services tailored to the needs of working union members and their families. These services typically include:

Savings and Share Accounts: Traditional share savings accounts for building emergency funds and achieving financial goals.

Loans: Consumer lending products including personal loans, which provide members with affordable borrowing options. As of Q3 2025, the credit union maintains approximately $2.2 million in total loans.

Member Services: Personalized financial guidance and support designed specifically for union members and their unique financial circumstances.

The credit union maintains deposits totaling approximately $11.3 million, demonstrating strong member trust and engagement.

Question 6

What makes Local Union 1186 IBEW Credit Union unique?

Accepted Answer

Local Union 1186 IBEW Credit Union stands out for its exclusive focus on Hawaii's electrical workers community. With a charter dating back to 1956, it represents nearly 70 years of service to the electrical trades in the Hawaiian Islands.

The credit union maintains a strong capital position with a net worth ratio of 14.26%, well above regulatory requirements. This financial stability ensures the credit union can continue serving its members reliably.

As a specialized occupational credit union, it understands the unique financial needs of electrical workers, including seasonal employment patterns, apprenticeship programs, and union-specific benefits. The credit union's location alongside the union headquarters facilitates easy access for members.

Question 7

What type of financial institution is Local Union 1186 IBEW Credit Union?

Accepted Answer

Local Union 1186 IBEW Credit Union is a federal credit union chartered by the National Credit Union Administration (NCUA). As a federal credit union, it operates under federal regulations and benefits from NCUA insurance coverage, which protects member deposits up to $250,000.

The credit union operates on a cooperative model where members are also owners. Membership is occupationally restricted, limited primarily to members of IBEW Local 1186, their immediate family members, and household members. This occupational charter reflects the credit union's mission to serve Hawaii's electrical trades community specifically.

Eligible members include IBEW Local 1186 electricians, apprentices, telecommunications workers, federal civil service employees in electrical trades, union employees, retirees, and their families across all Hawaiian Islands.

Local Union 1186 IBEW Credit Union

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About Local Union 1186 IBEW Credit Union in the United States