08-16-2023, 09:29 PM
(This post was last modified: 08-17-2023, 01:12 AM by HereOnThePrimalEdge.)
the good old boy network will try to preserve the status quo
HEI doesn't just operate the electric utilities on Big Island, Maui, & Oahu, they have a bank, a credit union, and Pacific Current. It's a tight knit, integrated network. Here's an example of how Maui Electric worked in conjunction with their bank American Savings:
I had a customer who bounced so many checks I regularly went to American Savings, her bank, to verify funds and cash her checks if money was avialble, then deposit in my account. They wouldn't cash the checks unless I was also a customer. One time when I checked my balance they had later that day undeposited the verified funds that I had deposited in my account. The next time when I went in I asked why? and the teller informed me that my customer's auto-pay electric bill became due, so they had to take her money back from my account to cover the electric bill. Thanks a lot for making me, one of the little people, bank in person, stand in line, and in the end have nothing to show for it. Good old boys indeed.
Subsidiaries:
Hawaiian Electric Company, Inc.
Hawai'i Electric Light Company, Inc.
Maui Electric Company, Limited
Pacific Current LLC
American Savings Bank
HELCO Federal Credit Union
HEI doesn't just operate the electric utilities on Big Island, Maui, & Oahu, they have a bank, a credit union, and Pacific Current. It's a tight knit, integrated network. Here's an example of how Maui Electric worked in conjunction with their bank American Savings:
I had a customer who bounced so many checks I regularly went to American Savings, her bank, to verify funds and cash her checks if money was avialble, then deposit in my account. They wouldn't cash the checks unless I was also a customer. One time when I checked my balance they had later that day undeposited the verified funds that I had deposited in my account. The next time when I went in I asked why? and the teller informed me that my customer's auto-pay electric bill became due, so they had to take her money back from my account to cover the electric bill. Thanks a lot for making me, one of the little people, bank in person, stand in line, and in the end have nothing to show for it. Good old boys indeed.
Subsidiaries:
Hawaiian Electric Company, Inc.
Hawai'i Electric Light Company, Inc.
Maui Electric Company, Limited
Pacific Current LLC
American Savings Bank
HELCO Federal Credit Union