SOCIAL RESPONSIBILITY

Support of the Community

Support of Borrowers

For individual and business borrowers who are facing economic difficulties, CPB offers the option to modify qualified loans by deferring payments. CPB also works with mortgage borrowers to provide loan forbearance and modification options. In 2022, CPB granted a total of 379 loan modifications and/or forbearances to assist its borrowers.

Support of Non-Profits

CPB supports non-profit customers’ banking needs. We have over 175 non-profit customers, to whom we have committed over $75 million in loans. In addition, our main branch features Tidepools, which makes free of charge coworking spaces available to non-profits.

HMAA Baby and Me Program

HMAA, one of the largest health insurers in Hawai‘i, offers a free “Baby & Me” maternity program designed to help expectant moms and their babies stay healthy during and after pregnancy. CPB started partnering with HMAA in October 2022 to offer “Baby & Me” participants a one-time $100 bonus to help fund for their newborn’s education when they make an automatic monthly deduction from a Shaka Checking account to a HI529 Plan.

A HI529 Savings Plan, also known as a “qualified tuition plan,” is Hawai‘i’s 529 Plan offered by the State’s Department of Budget & Finance. It is a taxadvantaged way to set aside money for tuition and other college expenses, including room, board, equipment, and more. HI529 Plans can be used at any K-12 public, private or religious school and at any eligible educational institution that accepts financial aid, including 2- or 4-year colleges or universities, vocational/technical schools, career retraining schools, dual credit courses and graduate schools.