Hawaiian Tel Federal Credit Union is remembering its former president/CEO Buddy Asato as an icon and pioneer who advanced the credit union movement in the Aloha state.
Asato, 85, passed away on November 28. Private funeral services were held Jan. 6.
His accomplishments include authoring the Hawaiian credit union law, which paved the way for state-chartered credit unions. He also started the first checking account and ATM systems for credit unions with Bank of Hawaii, developed the first open-ended lending system to the state and introduced Payment Systems for Credit Union in the state, according to HTCCU.
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