Maui County Federal Credit Union becomes Catalyst’s first Hawaii-based credit union with FedNow Send, Receive and Settlement capability

Catalyst today announced that Maui County Federal Credit Union has successfully gone live on the FedNow® Service with Send, Receive and Settlement capabilities, marking Catalyst’s first Hawaii-based credit union with the capability to activate all three FedNow services in a single launch. The credit union has opted to make Receive services available to members at this time.

By enabling Send, Receive and Settlement together, Maui County Federal Credit Union can both deliver and receive instant payments and manage settlement seamlessly. At launch, the credit union is offering receive functionality, supporting faster funds availability and more efficient liquidity management. The credit union can now offer instant payments 24 hours a day, seven days a week, 365 days a year, giving members immediate access to funds when timing matters most.

”For our members and our community, access to funds in real time can be transformative,” said Michele Kawahara, President/CEO at Maui County Federal Credit Union. 

“Whether it's a family covering everyday expenses or a member needing immediate access to money after hours, instant payments help us meet people where they are. Launching with Catalyst allows us to serve our island communities with speed, reliability and confidence from day one.”

For Catalyst, the launch highlights both geographic growth and the value of taking a comprehensive approach to instant payments adoption.

“Launching all FedNow services at once reflects the value of taking a comprehensive approach to instant payments,” said Brad Ganey, Chief Operating Officer at Catalyst. “With our proven experience, deep digital and core integrations and a deployment team built for execution, credit unions, like Maui County Federal Credit Union, can move from strategy to real-time impact with confidence. We’re honored to support their leadership and to expand FedNow access across Hawaii.”

Catalyst is the leading provider of FedNow instant payments for credit unions, with solutions fully integrated with many of the most widely used core and digital banking platforms. Catalyst offers a complete payments package to power credit union transactions, including instant payment send, receive, request for pay (RFP) and settlement as part of an integrated suite of holistic payment solutions. Catalyst solutions deliver a modern payments experience, enabling payments to flow securely between consumers, businesses, government entities and others.  

Media Contacts

• Courtney Wilson
  Catalyst
  [email protected]
• Denise Thayer
  Maui County FCU
  [email protected]