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On Friday, the Hawaii Credit Union League (HCUL) announced its President/CEO Carol Marx resigned.
The Sept. 1 announcement did not give much reasoning to Marx's resignation other than a statement from HCUL Board Chairman Norman Okimoto, which said, "We wish Carol the very best as she pursues other endeavors and thank her for the time and effort she put into leading the Hawaii Credit Union League."
As the HCUL board of directors is just beginning its search for a new leader, HCUL Engagement Manager Tracy Aiwohi and Business Services Manager Grant Kashiwabara will take over "the management of HCUL's day-to-day operations and ongoing support" in the interim.
Carol Marx Marx was named president/CEO of HCUL in April 2022 after Dennis Tanimoto retired on Feb. 3, 2022.
After being selected to take over the helm at HCUL, Marx said at the time, "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.
HCUL, which represents credit unions in Hawaii and Guam, has been very busy in the past month with support and fundraising efforts for credit unions and employees impacted by the deadly wildfires in Maui.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
