HRS §412:4-104
Federal deposit insurance required
Read the official text at capitol.hawaii.gov ↗Hawaii financial institutions must not take deposits unless those deposits are insured by the federal agency that covers them. Credit unions must also have their deposits or shares insured by the federal credit union agency. This is a narrow rule about insurance before accepting money.
creditorsfinancial institutions
The statute, as written — Federal deposit insurance required
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
No bank, savings bank, savings and loan association and depository financial services loan company which is a Hawaii financial institution shall accept deposits unless such deposits are insured to the extent allowed by the Federal Deposit Insurance Corporation or a successor agency. No credit union which is a Hawaii financial institution shall accept deposits or issue shares unless such deposits or shares are insured to the extent allowed by the National Credit Union Administration or a successor agency.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.