b'SUPERVISORY COMMITTEE REPORT PUBLIC RELATIONS COMMITTEE2022REPORT ANNUAL REPORTOn behalf of the Supervisory Committee, I am pleased to report that Kauai Federal Credit Union compliesAs the new year began, we reviewed our community partnerships and are happy to report we are fully with the National Credit Union Administration (NCUA) audit requirements. committedtoservingyou,ourmembers.Thepurposeandmissionofthiscommitteewasgoingtobe challenging, but we were committed to serving this credit union and its members with energy and enthusiasm. A vital role of the Supervisory Committee is to complete annual audits of the credit union, and accordingly,Much appreciation goes to community impact advocate Business Development Officer Chantal Zarbaugh the committee has engaged an independent certified public accounting firm to conduct annual financialand committee members Amy Esaki, Jamilee Jimenez, Dickie Chang, and Lexi Jones for their dedication and statement audits of the credit union through 2022. The most recent financial statement audit, conducted forcommitment to volunteering to serve on this committee. We want to keep you, our memberswell informed the period ending December 31, 2021, validated the healthy financial position of the credit union as a solidand proud to be part of this organization.foundation for the future.We set out to partner with other organizations while still respecting COVID-19 restrictions as we supported and Based on the activity of our external and internal auditors and examiners, as well as our observations, we canparticipated in various community events. For example, we engaged with the Kauai Chamber of Commerce, report that the credit union continues to maintain a high level of financial safety, soundness, and compliancethe Kauai Filipino Chamber of Commerce, the Kauai Independent Food Bank, the Kauais Credit Unions, the with laws and regulations. Kauai Federal Credit Union continues to provide outstanding financial services toBack to School Bash, the Boys and Girls ClubKauai, Keiki, and Jr. Lifeguard Program, the Pride Parade, the its members. Kilauea Town Christmas Event, Lights on Rice Street, Veterans Parade, the Rice Street Business Association On the Supervisory Committee, we are proud to volunteer our time, serving Kauai Federal Credit Unionand more.members by acting as liaisons between you and your credit union. Planning for the big 75th Anniversary year was a challenge. In March, we held our annual meeting on zoom, As has been the case in previous years, NCUA guidance provides that the Supervisory Committee has twoand every member who attended received $75 deposited to their savings account. A grand prize Mokihana general goals. First, to ensure that: (1) management financial reporting objectives have been met and (2)Travel voucher valued at $500 was awarded to Thomas Daubert. We are thrilled this year to bring together our management practices and procedures safeguard members assets. To meet these two general goals, themembers for an annual in-person meeting featuring keiki carnival rides as part of our family-themed event.committee determines whether credit union management has: In the spring, our committee judged the scholarships. For the first time, we awarded $10,000 to high school 1.Established effective internal controls. graduates and expanded financial assistance to returning college students. Tresten Shigematsu, Waimea High School; Tyler Tanaka, Kapaa High School; Kai Norman, Kauai High School; Coral Haeger, Kapaa High 2.Prepared accounting and financial reports that accurately reflected operations and results. School. The scholarship included Kauai returning college recipients: Braelyn Cayaban and Tiago Morgado.3.Administered the Boards policies and plans. For International Credit Union Day in October, we held a coloring contest for third graders from Wilcox Elementary and Kilauea Elementary schools. Both the Lihue and Kilauea branches displayed the youths 4.Established controls and procedures to safeguard against errors, conflicts of interest, self-dealing, andcoloring sheets and were awarded 1st, 2nd, and 3rd place winners. In addition, members visiting the branches fraud. were offered coffee, donuts, and logo item giveaways.The committee makes these determinations primarily through the execution of internal and external audits.We continued to partner with INPAC Wealth Solutions and offered financial wellness workshops for our I would also like to thank committee members Kimberly Torigoe (secretary), Jamilee Jiminez, and Byronmembers and community.Watanabe, committee member, and Board representative, for their time and service to the credit union. As we move into 2023, we are excited to see where we are going! Thank you to our members for making Kauai In 2022 Alton Amimoto, the Supervisory Committee Chair, decided to leave the Committee and pursue otherFederal Credit Union your financial institution! We are happy to serve you, so stop by and visit one of our personal obligations. We thank him for his continued service to this community. Mark Kunimoto has agreedbranches in Lihue, Kilauea, soon to be in Kapaa at the old Otsukas Building.to take the role of Supervisory Committee Chair.Finally, Id like to thank the Kauai Federal Credit Union staff, management team, and Board of Directors forCyndi Ayononsupporting the Supervisory Committee. We could not succeed without you. ChairpersonRespectfully yours, PR CommitteeMark KunimotoChairpersonSupervisory Committee'