HRS §412:10-309
Credit union's right to take member funds for debts
This section lets a credit union take money from a member's share or deposit accounts to pay debts the member owes, including loans the member endorsed. The credit union can also block withdrawals and can choose to give up these rights for some or all accounts.
borrowerscreditors
The statute, as written — Liens
The credit union shall have a lien on the share accounts and accumulated dividends of a member for any sum owed the credit union by said member and for any loan endorsed by the member. The credit union shall also have a right of immediate setoff with respect to every deposit account. The credit union may also refuse to allow withdrawals from any share or deposit account. The credit union may waive its rights to a lien, to immediate setoff, to restrict withdrawals, or to any combination of such rights with respect to any share or deposit account or groups of such accounts.
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