Kanai, Sugai join HCFCU

May 15, 2006

Media Contact:
Patty A.K. Okahara, Marketing Manager
Hawaii Community Federal Credit Union
808-930-7651

For Immediate Release

Kailua-Kona, Island of Hawaii - Hawaii Community Federal Credit Union (HCFCU) on the Island of Hawaii recently announced the addition of two employees, Arnold Kanai and Kenneth Sugai.

Kanai was hired as HCFCU's Support Services Manager and is responsible for managing the day-to-day operations of the Support Services Department, which includes the Shared Draft, ACH/EFT, ATM and Compliance departments. Prior to joining HCFCU, Kanai served as branch manager for Central Pacific Bank, previously City Bank, in Kailua-Kona. He also held various manager positions at other Island of Hawaii financial institutions, including Finance Factors Limited, Norwest Financial Hawaii Inc. and American Savings Bank. He brings to HCFCU nearly 20 years of experience in the finance industry. Kanai, originally from Kona, attended Konawaena High School, Honolulu Community College and University of Hawaii at Manoa. He is a member of the Kona Lions Club.

Sugai was hired as HCFCU's Kealakekua Branch Manager and is responsible for the overall efficient operation of the branch, ensuring its employees provide timely and accurate services to HCFCU members. Prior to joining HCFCU, Sugai worked in the automotive business, serving as sales manager and finance manager for several car dealerships in Kona and on the island of Kauai. He also worked as a mortgage broker. Both industries provided him with expansive lending experience. Sugai is from Kona, attended Konawaena High School and University of Hawaii at Manoa. He worked on Oahu and Kauai for many years before returning to the Island of Hawaii in 1991. His family has a macadamia nut farm, and his wife runs their family business, Keauhou Nursery.

"Arnold and Ken bring a wealth of experience and expertise to their departments, and to top it off, they are both from Kona," said Michael Asam, HCFCU President, CEO. "Being raised here, they know our Island of Hawaii community is unique and genuine. Those community members make up our membership. I'm thrilled when our community members become our HCFCU leaders."

HCFCU has been serving Island of Hawaii residents for 69 years. It is a $296 million asset not-for-profit credit union that is wholly owned by its 32,400 members. HCFCU has branches in Kaloko, Kailua-Kona, Kealakekua, Kohala and Pa`auhau. In addition to providing complete checking and savings services, the credit union also offers credit cards, auto, mortgage, construction, small business, educational and personal loans; investment services; money-saving programs and more. It sponsors two Student Credit Unions, one at Konawaena High School and the other at Kealakehe High School, and supports numerous Island of Hawaii programs and events. For more information visit www.hicommfcu.com.