In 1934, Congress approved and President Roosevelt signed the Federal Credit Union Act into law. This law authorized the formation of credit unions in all the states. The purpose of the Act was to promote thrift and to make credit available through a national system of cooperative credit unions.

At the end of December 2005 there were over 8,600 federally insured credit unions with more than eighty-four million members. Till this day, the credit unions purpose remains the same and the movement is stronger than ever.

Media Hawaii Federal Credit Union originally started out as the Star Bulletin Employees Federal Credit Union in 1937 and served the employees of the Honolulu Star Bulletin. Twenty-seven years later on January 6, 1964, the Honolulu Advertiser Federal Credit Union merged with the Star Bulletin Employees Federal Credit Union and the Hawaii Newspaper Agency Federal Credit Union was formed. In 2001, the Honolulu Star Bulletin and the Honolulu Advertiser dissolved their partnership with the Hawaii Newspaper Agency. With the end of the agency, the credit union decided to officially change its name in October 2001.

"We are here to help you Believe, Achieve & Succeed in your financial needs and goals."

• Employees of Gannett Pacific Corporation and its subsidiary, The Honolulu Advertiser, who work in or are supervised from Honolulu, Hawaii;
• Employees of Oahu Publications (formerly Liberty Newspapers Limited Partnership) and its subsidiary, the Honolulu Star Bulletin, who work in or are supervised from Honolulu, Hawaii;
• Employees of the following groups who work in the location specified:
  • Honolulu Weekly, Honolulu, Hawaii
  • Jan Guard Hawaii, Inc., Honolulu, Hawaii
  • Komohana Cleaning & Maintenance Services, Honolulu, Hawaii
• Spouses of persons who died within the field of membership of this credit union or employees of this credit union; persons retired as pensioners or annuitants from the above employment; and members of their immediate families or households; and organizations of such persons.