The $512 million, 39,800-member American First Credit Union in La Habra, Calif., has promoted Jon Shigematsu to the position of president/CEO.

Shigematsu, a CPA, had extensive experience in finance, accounting and business management when he joined American First as chief financial officer in 2011, the board said.

"His commitment to our members and the community is extraordinary, and with his background and dedication, he is well-qualified to lead American First as we move into an exciting new era in our rich history," said Board Chairman Danny Doss.

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