The $756 million Aloha Pacific Federal Credit Union in Honolulu has named Vince Otsuka, its interim president/CEO, to the permanent position.

Otsuka, who has been with APFCU since 2002, is only the third president/CEO in the credit union's 77-year history, the credit union said in its announcement late last week.

He had been senior vice president of lending until Wallace Watanabe retired earlier this year. Watanabe had followed Masami Oishi at the helm of the Honolulu credit union founded in 1936 by city employees.

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"I am thrilled to continue to build on the foundation set by Masami Oishi and Wallace Watanabe – and to continue 'Building Lasting Relationships' with our valued members, our terrific staff and the community," Otsuka said in the announcement.

"I thank the Board of Directors and their trust in me, and I am already working hard to fulfill our shared vision of an even stronger, more robust APFCU that will continue to meet the financial needs of our members," he said.

The 41,800-member APFCU said it now serves more than 1,700 SEGs (it changed its name in 2007) and has 10 branches, including one in Las Vegas.

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