b'SOCIAL IMPACT REPORTA MESSAGE FROM OUR CEOAloha kkou,We are a credit union of Kauai and for Kauai. numerous organizations across the state are committed to ina Aloha Economic Our story in Kapaa is just beginning. As aFutures and Hawaiis transition to a multicultural commons, Kapaa serves ascircular economy.the residential heart of Kauai and welcomes all regardless of social status. In modeling aIn the next five years, Kalukalu at 1624 less extractive, more regenerative economy,will mobilize community and capital to it is befitting that we have a presence in theaddress urgent priorities in affordable heart of where our people live, work and play.housing, small business development and non-profit capacity building. The funding The evolution of our credit union to anwe leverage, with like-minded partners,economic resilience center is exhilaratingwill catalyze broad-based solutions that and challenging. The Beta Phase considersa single organization, lender or investor the needs of members, partner organizations,cannot solve. and policies to redeploy capital within a global economic structure that has createdIts not too hard or too late. Our 77- vast inequality. year history of serving the communitysupports this bold call for change. As We have spent a year listening anda member of our credit union, you do learning with community members deeplymore than bank. You become part of a connected to this place, and we knowregenerative wealth cycle ensuring that the solutions are here. The model of thefuture generations will thrive.ahupuaa system guides our thinking on how we build and what we invest in.We see evidence of this knew economy in the restoration of the 600-year-old Alakoko fishpond, in the regenerative model of tourism introduced by Hanalei Initiative and Hui Makaainana o Makana, in an independently owned utility , in planned cesspool conversions and greenMe ke aloha,infrastructure upgrades, and in the natural resource management of Wapa Foundation.Monica Belz The County of Kauai, the UniversityKauai FCU of Hawaii, Kamehameha Schools andPresident/CEO3'