HFS refers to HFS Federal Credit Union, a financial institution primarily serving its members.
Understanding HFS Federal Credit Union
HFS Federal Credit Union is a member-owned, not-for-profit financial cooperative based in Hawaii. Unlike traditional commercial banks, credit unions like HFS are structured to serve their members, often offering competitive rates on loans and savings products, and focusing on community benefits rather than shareholder profits. This cooperative model means that members are also owners, giving them a voice in the credit union's operations.
Key Financial Details for HFS Federal Credit Union
For financial transactions involving HFS Federal Credit Union, specific details are used to ensure funds are routed correctly. These details are crucial for setting up direct deposits, wire transfers, or electronic payments.
| Detail | Value |
|---|---|
| Institution Name | HFS Federal Credit Union |
| Routing Number | 321378660 |
| ACH Transfer Capable | Yes |
| Wire Transfer Capable | Yes |
What is a Routing Number?
A routing number, also known as an ABA routing number or routing transit number, is a nine-digit code that identifies the financial institution in a transaction. It's essential for various financial operations, including:
- Direct Deposits: For payroll or government benefits.
- Automated Clearing House (ACH) Transfers: Such as bill payments and electronic funds transfers.
- Wire Transfers: For sending money quickly and securely between banks.
The routing number 321378660 specifically identifies HFS Federal Credit Union for these types of electronic transactions within the U.S. financial system, ensuring that funds reach the correct destination.
