b"Supervisory Committee ReportAloha kakou,On behalf of the Supervisory Committee, I am pleased to report that Kauai Federal Credit Union is in compliance with the National Credit Union Administration (NCUA) audit requirements.A key role of the Supervisory Committee is to complete annual audits of the credit union, and according-ly, the committee has engaged an independent certied public accounting rm to conduct annual nan-cial statement audits of the credit union through 2025. The most recent nancial statement audit, covering the period ending December 31, 2024, conrmed the credit union's healthy nancial position and solid foundation for the future. We have also engaged other independent auditors to perform annual audits of required regulatory matters, processes within the organization, and internal audits of controls and procedures affecting the Credit Union.Based on the activity of our external and internal auditors and examiners, as well as our own observa-tions, we can report that the credit union continues to maintain a high level of nancial safety, sound-ness,andcompliancewithlawsandregulations.KauaiFederalCreditUnioncontinuestoprovide outstanding nancial services to its members.We, on the Supervisory Committee, are proud to volunteer our time to serve members of Kauai Federal Credit Union by acting as liaisons between you and your credit union.As in previous years, NCUA guidance states that the Supervisory Committee has two general goals. To ensure that: (1) management nancial reporting objectives have been met; and (2) management practic-es and procedures safeguard members assets. To meet these two general goals, the committee deter-mines whether credit union management has (a) established effective internal controls; (b) prepared accounting and nancial reports that accurately reect operations and results; (c) administered the Boards policies and plans; and (d) established controls and procedures to safeguard against errors, con-icts of interest, self-dealing and fraud. The committee makes these determinations primarily through internal and external audits.I would also like to thank committee members Jamilee Jimenez (Secretary), Jason Shimauchi, and Cyndi Ayonon, committee member and Board representative, for their time and service to the credit union.Finally, Id like to thank the Kauai Federal Credit Union staff, management team, and Board of Directors for their support of the Supervisory Committee. We could not succeed without you.Me ka mahalo nui (With much gratitude),Nannie Ann Astillero Apalla Chairperson, Supervisory Committee"