Mahalo for supporting Honolulu Star-Advertiser. Enjoy this free story!

Hawaii State Federal Credit Union closed in on the 100,000-member milestone as it increased its loans for the 16th straight quarter during the period from July to September. Read more

Hawaii State Federal Credit Union closed in on the 100,000-member milestone as it increased its loans for the 16th straight quarter during the period from July to September.

THIRD-QUARTER NET $1.1 million YEAR-EARLIER NET $1.5 million

The state’s second-largest credit union said Wednesday ahead of today’s official release that loans increased 17.8 percent to $829.9 million from $704.3 million in the year-earlier quarter. The credit union’s earnings, however, fell 24.7 percent to $1.1 million from $1.5 million.

During the third quarter, Hawaii State FCU’s membership rose 3.8 percent to 99,113 members from 95,494 in the year-earlier period. Assets rose 4.1 percent to $1.52 billion from $1.46 billion.

ON THE MOVE

Hilton Waikiki Beach on Kuhio has announced Henry Perez as its new general manager. Perez previously served as director of operations to 16 hotels for Aqua Hotels and Resorts.