MEDIA CONTACT: Laura Oberhelman
310.643.2401   
loberhelman@kinecta.org

Mary Yasui-Yamabe Appointed Board Chair; Three Board Members Re-Elected

MANHATTAN BEACH, Calif. (May 22, 2009) – Kinecta Federal Credit Union today announced the election of Mary Yasui-Yamabe as Chair of the Kinecta Board of Directors, and the re-election of Darryl F. Johnson, Janet C. Sparrow and John N. Tessier to the Board at its 69th Annual Meeting of the Membership held at the Manhattan Country Club on April 30, 2009.

“We commend these volunteer directors for their ongoing dedication to Kinecta’s Board,” said Simone Lagomarsino, President and CEO of Kinecta. “They are passionate about the credit union industry and provide the guidance for Kinecta to continue to provide outstanding service to our member-owners.”

The Board appointed Mary Yasui-Yamabe as Chair, as well as the following officers: Darryl Johnson, Vice Chair; John Tessier, Treasurer; and Jeffry Yonemura, Secretary. Paul James, Janet Sparrow, and Rob Young will serve as directors.

In addition to serving as Vice Chair of the Kinecta Board, Ms. Yasui-Yamabe has held several other positions during her 15 years of service to the Credit Union. She was Vice Chair and Director of Kinecta Financial Management Company, LLC, Assistant Secretary to the Board, and has chaired the Governance, Supervisory, Volunteer Selection, and Human Resources Committees. In addition, she has served on all of the Board committees.

Ms. Yasui-Yamabe is President/owner of Mary Yamabe Realty in Playa del Rey. She previously served as Chief Financial Officer for HRL Laboratories, LLC, from 1997 to 2006. HRL is jointly owned by Boeing and General Motors. She began her financial career with Hughes Aircraft Company in 1979 and worked in various positions in the Los Angeles area and in England while on special assignment. She served as Treasurer of the Malibu Chamber of Commerce Board of Directors from 1998-2006 and is currently a member of the LAX Coastal Area Chamber of Commerce, representing Kinecta.

She was the founding President of the Hughes Asian Pacific Professional Association, which continues to be sponsored by Boeing and Raytheon. In 2001, Ms. Yasui-Yamabe received the LEAP (Leadership Education for Asian Pacifics) award for Outstanding Leadership. She earned a BS in Finance from California State University in Los Angeles and an MBA from Loyola Marymount University. She is a resident of Playa Del Rey.

Additional Committee, Board Appointments 
In addition to the Kinecta Federal Credit Union Board officers, Supervisory Committee officers were appointed as follows: James Burley, Chair; Jacquie Stafsudd, Secretary; and Jeffry Yonemura, member.

Officers also were appointed to the Boards of two Kinecta subsidiaries as follows:

Kinecta Financial Management Company, LLC: Jeffry Yonemura, Chair; Janet Sparrow, Vice Chair; Robert Young, Treasurer; and Simone Lagomarsino, Secretary. Jacquie Stafsudd will serve as Director.

Kinecta Alternative Financial Solutions, Inc.: Darryl Johnson, Chair; John Tessier, Vice Chair; Simone Lagomarsino, Treasurer; and Paul James, Secretary. Edward Resendez and James Burley will serve as directors, and Suzanne Curtin will serve as Board Liaison.

Kinecta Federal Credit Union is one of the nation’s largest credit unions, with more than $4 billion in assets as of March 31, 2009; 26 branches; and approximately 228,000 members nationwide. Headquartered in Manhattan Beach, Calif., Kinecta offers its members a full range of financial products through the Credit Union and its subsidiaries, Kinecta Financial & Insurance Services, Apollo Agencies, and Kinecta Alternative Financial Solutions, dba Nix Check Cashing. Kinecta Federal Credit Union is a not-for-profit, financial cooperative that is owned by its members, and exists to provide a safe and convenient place for member/owners to conduct their financial business. Our earnings are returned to our members in the form of lower loan rates, higher interest on deposits and lower fees. Kinecta is an equal housing lender. For more information about Kinecta, visit www.kinecta.org. For more information about Nix Check Cashing, visit www.nixcheckcashing.com.

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