The Hawaii Credit Union League’s board of directors announced Carol Marx as its next president/CEO on Wednesday to replace Dennis Tanimoto, who recently retired.
According to a statement, Marx has more than three decades of experience inside the financial industry. Most recently she worked as SVP and retail sales manager for the mortgage banking division at Bank of Hawaii.
Marx said, “The credit unions of Hawaii provide their members with excellent services and execute their missions to serve those in their charter, some for over 80 years now. I will move forward with the Hawaii Credit Union League’s staff and board of directors to continue to support the members of this trade association representing Hawaii.”
Marx previously held executive-level positions with Bank of America, First Hawaiian Bank and Pioneer Federal Savings Bank.
“The Hawaii Credit Union League looks forward to an exciting new era under the leadership of Carol Marx,” Hawaii Credit Union League Board Chairman Clayton Fuchigami said. “We are very fortunate to have secured someone with an extensive background in financial services, management and volunteerism. In her role, she will provide the strategic leadership, advocacy and support necessary to rally our credit unions to unified success.”
The Hawaii Credit Union League represents 47 credit unions throughout the state.
In October 2021, Tanimoto announced his plans to retire. He stepped down as the league’s leader on Feb. 3 of this year.