Funds Collected by the Association – Investments

Information regarding the requirements of Section 514A-97(c) and resources available to associations (for educational purposes only).

Section 514A (c) states:  All funds collected by an association, or by a managing agent for any association, shall be:

(1) Deposited in a financial institution, including a federal or community credit union, located in the State and whose deposits are insured by an agency of the United States government;
(2) Held by a corporation authorized to do business under Article 8 of Chapter 412;
  • Resources

Division of Financial Institutions
Department of Commerce and Consumer Affairs
King Kalakaua Building
335 Merchant Street, 2nd Floor, Room 221
Honolulu, HI 96813
Phone: (808) 586-2820
Email: [email protected]

  • Currently there are three trust companies in the state of Hawaii (none are free standing trust companies), they are:Bank of Hawaii
    First Hawaii Bank
    Central Pacific Bank


(3) Held by the United States Treasury; or
  • Resources

Bureau of the Fiscal Service
Site provides information on treasury bills, notes, bonds, and the systems in which an investor can own these securities.
P.O. Box 660657
Dallas, TX 75266-0657
800-722-2678 (toll free)
[email protected].

(4) Purchased in the name of and held for the benefit of the association through a securities broker that is registered with the Securities and Exchange Commission, has an office in the State, and the accounts of which are held by member firms of the New York Stock Exchange or National Association of Securities Dealers and insured by the Securities Insurance Protection Corporation.
  • Resources

Securities Branch – SEC
Associations wishing to verify that a securities broker is registered and maintains an office in the State of Hawaii should contact the Securities Branch of the Department of Commerce and Consumer Affairs.

Department of Commerce and Consumer Affairs
Business Registration Division
Commissioner of Securities
King Kalakaua Building
335 Merchant Street, 2nd Floor
Honolulu, Hawaii 96813
Telephone: (808) 586-2722
Email: [email protected]

Securities and Exchange Commission – SEC
Protects investors.  Site allows for the search of company filings.  Broker Dealer filings made August 2000 — Present are accessible via NASDR’s Public Disclosure website listed below.

Pacific Regional Office
Randall R. Lee, Regional Director
5670 Wilshire Boulevard, 11th Floor
Los Angeles, CA 90036-3648
(323) 965-3998
e-mail: [email protected]

National Assocaition of Securities Dealers – NASD
Site provides information regarding the professional background, registration/license statuses and conduct of NASD registered firms and their registered brokers.

District 1 – San Francisco
525 Market Street, Suite 300
San Francisco, CA 94105-2711
(415) 882-1200
Fax: (415) 546-6991

New York Stock Exchange – NYSE
Site provides a member directory of “member firms”.

New York Stock Exchange, Inc.
11 Wall Street
New York, NY 10005

Securities Investor Protection Corporation – SIPC
Site allows users to search for securities dealers insured by the SIPC.

Securities Investor Protection Corporation
805 15th Street, N.W. Suite 800
Washington, D.C. 20005-2215
Tel: (202)371-8300
Fax: (202)371-6728
Email  [email protected]