HONOLULU – Hawaiia State FCU announced this morning the hiring of Andrew Rosen, an experienced banker on the mainland, as president and CEO of the $1.3 billion credit union.

Rosen succeeds Deborah Kim, who was forced out as CEO of Hawaii’s second largest credit union last November amid a scandal over spending by the volunteer board of directors. Kim’s resignation followed last April’s ouster during board elections of board chairman Beverly Ing Lee over a scandal involving lavish spending by directors.

Rosen has served in executive capacities at executive at Washington Mutual, Regions Financial Corp., Central Pacific Bank, as well as Bank of Hawaii, and was most recently at San Francisco-based Bank of the West, where he served as chief marketing officer.

Hawaii State FCU was chartered in 1936 and serves all state, city and county employees and their families across the state of Hawaii.

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