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Aloha Pacific Federal Credit Union is going Vegas

Hawaii’s third-largest credit union plans to open a branch in Las Vegas in November.

The company, which was established in 1936 by city employees and has about $700 million in assets, acquired a branch of Silver State Schools Credit Union at 8660 W. Cheyenne Ave. for the expansion. The branch is about 20 minutes from downtown Las Vegas.

Wallace Y. Watanabe, Aloha Pacific’s president and chief executive officer, called the out-of-state growth a groundbreaking move that hasn’t been previously attempted by a Hawaii-based credit union. He said the initiative is aimed at attracting new members as well as serving existing members who live and vacation in Las Vegas.

“Aloha Pacific decided to embark on a bold new plan,” he said. “We are bringing Aloha to Vegas.”

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