It was brought to our attention that members of Hawaii FCU as well as non-members received fraudulent notifications on their mobile phones. The message states that their online banking account was locked and has to be reactivated. In order to do so, a bogus link was also provided.

If you receive a phishing text message, what should you do?

• DO NOT respond. If you suspect a text is from a scammer, DO NOT reply. Replying will confirm your number is active.
• DO NOT click links in a message. Clicking may infect your mobile device with malware that could copy your stored personal information or financial information.
• DO block the number. Scammers will send messages using different names and numbers, but blocking will slow them down.
• DO install spam blocking apps that prevent text frauds.

If you are not sure of the sender even though it says Hawaii FCU, please take time to call us at 808-847-1371 or 808-433-8698. Use your best judgment and always exercise caution.

With identity theft all too common today, it’s a good idea to be more proactive to protect your personal information. Reviewing your credit report at least annually is a good idea – and it’s free!

Federal law requires each of the three nationwide credit reporting companies – Experian, TransUnion and Equifax – to provide you with a free credit report every 12 months. All you have to do is ask.

How to request your free report

• Go to https://www.annualcreditreport.com and file an online request; or
• Call 1-877-322-8228 to have a report mailed within 15 days.

You may request your free credit report from all three companies at one time or stagger your requests by contacting each company at different times throughout a 12-month period.

What’s in a credit report?

• A list of businesses that extended you credit or loans;
• Loan amounts and credit limits;
• On-time payments and the amount paid;
• Missed or late payments;
• Bad debts;
• Businesses that obtained your credit report; and
• Personal information, including current and former names, addresses and employers, and bankruptcies.

What to do about errors?

If you find any discrepancies on your credit report, you should contact the credit reporting company immediately.

Be aware that the only legitimate website for obtaining your free annual credit report is https://www.annualcreditreport.com. Take a few minutes to fight fraud, protect your identity and your good name.

No one knows what tomorrow may bring. It’s even more true given the uncertain times we are in. Until our national and local economies are set on a more stable and predictable path, it’s probably a good idea to take a more measured approach to spending, and especially to borrowing money.

When it comes to applying for a personal (unsecured) loan, take the time to give it proper consideration. There are always good reasons to borrow. But in the current environment of economic uncertainty, there are also good reasons to hold back.

Reasons to get a loan

• Pay off high-interest debt – If you qualify for a loan at a low interest rate, using the funds to pay off high-interest debt makes good financial sense and saves you money.
• Consolidate debt – If you have multiple loans with varying interest rates and due dates, consolidating them into a loan at a lower rate will help you save and make bill paying simpler (and harder to miss) with just one due date.
• Essential purchases – Your car breaks down, the refrigerator doesn’t chill, and the washing machine just quit in mid-wash. It happens, and these are all items you can’t be without. You can easily justify the need to make these types of purchases.

Reasons to NOT get a loan

• Unnecessary impulses – Ask yourself if the purchase is really a “need” and not simply a “want” that may change over time. Can you live without it? Can you put off the purchase until a better time? If you had the cash, is this how you would spend it?
• Unaffordable status symbols – We are bombarded by TV shows, movies and advertising that create a desire for luxury items most of us really can’t afford. Resist the urge! Make it your goal to live within your means.
• Unsustainable lifestyle – Constantly spending more than you can afford leads to an unhappy and unfulfilling life that is unsustainable as well.

Use credit wisely. At some point, everyone should have the personally satisfying experience of paying off debt, and that can only be accomplished through the responsible use of credit.