Longtime CEO of HawaiiUSA Federal Credit score Union to retire in 2021

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Karl Yoneshige, president and CEO of HawaiiUSA Federal Credit score Union in Honolulu, will retire subsequent 12 months.

The $2 billion-asset credit score union mentioned it might work with government recruitment agency D. Hilton Associates to seek out its subsequent chief.

Karl Yoneshige, president and CEO of HawaiiUSA Federal Credit score Union

“I’ve had an immensely fulfilling profession at HawaiiUSA FCU and am pleased with the various accomplishments we’ve got achieved on the credit score union during the last 30 years,” Yoneshige mentioned in a press launch on Monday. “It has been a privilege to guide this credit score union and serve the neighborhood, making certain that we offer our members with inexpensive merchandise and assist them in the direction of their monetary targets. Working with the board of administrators and the fantastic workers of the credit score union is an expertise I worth significantly and can miss everybody upon my retirement.”

Yoneshige has labored within the monetary companies trade for greater than 4 many years, together with a 10-year stint at First Interstate Financial institution of Hawaii, which ultimately merged into First Hawaiian Financial institution. He served as a mortgage administrator when he joined HawaiiUSA in 1988 and have become CEO in 2001.

Throughout his time main HawaiiUSA, Yoneshige helped develop the credit score union from $400 million in property with 69,000 members to roughly $2 billion in property and greater than 130,000 members.

The credit score union misplaced $1.7 million via the primary six months of the 12 months, in contrast with incomes nearly $8 million for a similar interval a 12 months earlier, in line with information from the Nationwide Credit score Union Administration. Complete curiosity revenue fell nearly 16%, to $29.8 million, 12 months over 12 months.

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