Experienced financial services executive, Greg Young, will officially take over as chief executive officer and president of HawaiiUSA Federal Credit Union (HawaiiUSA) on October 1, succeeding Karl Yoneshige, who is retiring after 20 years leading the organization.

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Young joined the credit union in October 2019 as Senior Vice President of Lending and became the Chief Lending Officer in April 2020. Prior to joining HawaiiUSA, Young worked with American Savings Bank (ASB) since 2007, most recently as Vice President, Marketing Product Manager.


Instrumental in improving the quality of the personal loan portfolio at ASB, one of Young’s goals for HawaiiUSA is to make obtaining loans at the credit union easier and faster for businesses, as well as individuals.


“The pandemic demonstrated the intrinsic value of a credit union where our member is always the priority. When the City and County grant program was released, we provided the funds to businesses before we were reimbursed by the government. We knew that any delay in obtaining funds could mean disaster to these community businesses,” he notes.


Another priority will be to continue digital transformation. “The pandemic also clearly demonstrated that people need access to their finances no matter where they are or what time it is. We are enabling technology that lets our members live safer, smarter, and more productive lives. We already have convenient online services, and we’ll continue to enhance those, while holding true to our goal of personally understanding what life matters are important to our members,” he adds.

HawaiiUSA Federal Credit Union, with $2.2 billion in assets, is Hawaii’s largest credit union. Serving individuals and businesses through 14 branch locations on O’ahu, Maui, Kaua’i and Hawai’i Island and convenient online services, HawaiiUSA Federal Credit Union is dedicated to the financial wellness of its more than 133,000 members.


Recognized by Forbes as a Best-in-the-State Credit Union for the fourth year in a row, HawaiiUSA Federal Credit Union is a leader in providing support for the greater community, recognizing that a successful community means success for its members.


Originally opened in 1936 as a credit union for educators, HawaiiUSA Federal Credit Union continues to support education, partnering with schools and providing student scholarships and career enhancements stipends for educators.