Coverdell Education Savings Account

Save for education expenses with tax advantaged growth.

A Coverdell ESA helps families save for future education expenses while allowing earnings to grow tax free when used for qualified costs.

Plan ahead for education expenses.

A Coverdell Education Savings Account (ESA) allows families to set aside money for future education expenses. Contributions grow tax free when used for qualified education costs such as tuition, books, and other approved expenses.

This account can be used for elementary, secondary, or college education, making it a flexible way to plan for a student's future.

Explore savings accounts at Hawaii Community Federal Credit Union, offering secure, flexible options to help you build financial confidence across Hawaii.

Account features

The Coverdell ESA provides tax advantaged savings for education planning.

Earnings grow tax free when used for qualified education expenses
Contribute up to $2,000 each year per beneficiary
Contributions allowed until the beneficiary reaches age 18
Funds must be used by age 30 or transferred to another eligible beneficiary
Income eligibility guidelines apply

Important information

Contribution limits and income guidelines may apply. Members should consult a tax advisor or financial professional to determine whether a Coverdell ESA is appropriate for their situation.

Frequently Asked Questions

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What is your contact information?

Phone Numbers

Main Number: 808-930-7700, Toll-Free: 800-514-2328

Lost/Stolen VISA^®

During Business Hours: 808-930-7700, After Hours: 800-847-2911

Mailing Address:

73-5611 Olowalu Street, Kailua-Kona, HI 96740

What is your routing number?

Hawaii Community Federal Credit Union's routing number is 321379818.

Do you offer notary services?

We offer notary services at all our branches. Click here to schedule an appointment online.

Are my deposits insured?

We all want peace of mind when it comes to keeping our hard-earned money in savings accounts. Your Hawaii Community Federal Credit Union accounts are safe with us and insured by the NCUA for up to $250,000. If you need insurance beyond that amount, we'll help you structure your account so you can get additional coverage. Keep in mind our IRA accounts are insured separately up to $250,000, too.

Do you participate in shared branching?

Yes, Hawaii Community Federal Credit Union participates in shared branching. Whenever you're traveling on the mainland, you can still get easy access to your Hawaii Community Federal Credit Union account through our partnership with the CO-OP Network.

Locate a shared branch online or by calling 888-748-3266.

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