Neal S. Takase will be the new president/CEO of the $342 Pearl Harbor Federal Credit Union in Waipio, Hawaii, succeeding PHFCU President/CEO Eugene Chang who will retire Aug. 21 after 33 years of service with the credit union.

Under Chang's leadership, PHFCU grew to become on the leading financial institutions in O'ahu. He started at PHFCU as a general manager in 1980 when the credit union had 35 employees, two locations, $36 million in loans and $36 million assets. Today, PHFCU has more than 80 employees, five locations, $129 million in loans and $342 million in assets.

“I am very appreciative of the staff and members for the wonderful memories that they have given me,” said Chang. “I will miss the laughter and good times that I have shared with this company. I have full faith that Neal will lead the company with the same mission and vision that has allowed the credit union to flourish these many years.”

Takase has more than 37 years of credit union experience, serving the last 20 years as the vice president of operations/administration at PHFCU. He will assume the role of president/CEO on Aug. 22.

“Neal's history with the company, financial background and strategic insight is a great match for our credit union culture,” said Gordon Sam, board chair for PHFCU. “The board believes his experience, in combination with the expertise of our outstanding staff and management, will position the credit union to build on its current foundation.”