What is the Committee and what does it do?

The Committee is composed of five voluntary credit union members annually appointed by the Board of Directors. The committee acts in an independent manner and is a direct link of communication for our members. The committee and the Internal Auditor undertake tasks that determine if the assets of the credit union are managed safely and soundly and the Board functions in a manner beneficial to the members. They also verify that management carries out the policies of the Board of Directors and complies with all applicable laws and government regulations.


These are the current members of the Supervisory Committee:


Denise Yoshida, Chair

Denise Yoshida joined the Supervisory Committee in 2003 and has served as the Chair of the Committee for the past 12 years. Denise is the Director of Internal Audit for the Hawaii State Department of Education, with more than 20 years of experience. Denise is a Certified Public Accountant. She serves as Vice President of the Hawaii Association of Public Accountants and is Vice President of the Association of Certified Fraud Examiners. She is also a Certified Credit Union Volunteer through the Credit Union National Association (CUNA).


Reed Hisamoto, Secretary

Reed Hisamoto first served on the Supervisory Committee from 2015 through 2017 and was reappointed again in 2021. Reed is employed by the Hawaii State Department of Education as a School Counselor. Before his work with the State of Hawaii, he was in the golf industry for 12 years and in the retail industry for 11 years.


Elton Kinoshita, Member 

Elton Kinoshita has been a member of the Supervisory Committee since 2010. Elton is the High School Principal of Hawaii Baptist Academy. Before joining Hawaii Baptist Academy, he was employed by the Hawaii State Department of Education for 21 years, serving as teacher, vice principal, and principal. In addition, Elton has experience in the financial industry having served as an Internal Asset Review Officer.

  • Ensure that the members' funds are safe and financial resources of the credit union are safeguarded
  • Hire an external auditor firm to conduct an annual audit. The audit requires an opinion to determine whether the financial statements present fairly the condition of the credit union. The auditor may also be contracted to perform other agreed-upon duties
  • Supervise the internal auditor staff with the coordination of the President and CEO
  • Conduct a members' verification audit at least once every two years. The audit is designed to help safeguard members' funds
  • Review management policies and procedures to determine if they follow board policies
  • Review operational procedures, review loans to officials, and is continually aware of the credit union's state of operations to assure internal controls and safe practices
  • Assist members if they believe there is a problem with their account

Internal Auditor - Reviews daily operations for proper internal controls. The Auditor is supervised by the Committee (for overall operational review) and the CEO (for daily operational review). The Auditor and staff also suggest alternative operational practices which would improve credit union efficiency and financial security.

External Auditor - Reviews, annually, the financial statements of the credit union for the purposes of providing an opinion as to the fairness of the information reported.

Please contact us at the following address: 

Supervisory Committee Chairman 
P.O. Box 23226 
Honolulu, HI 96822

Or email at:

[email protected]

Describe what you believe is the situation, how you believe the situation occurred, and provide a phone number or address. The Committee will only respond to questions about your credit union account or general operational procedures. Any problems with personnel should first be referred to a supervisor or manager. If your request is not satisfactorily handled and you still wish to seek assistance then write to the Committee.


Volunteers Achievement Program (VAP): Board of Directors Duties and Responsibilities, Supervisory Committee Duties and Responsibilities, Auditing 1, Auditing 2. NAFCU - "A Guide to Credit Union Volunteering." National Credit Union Institute - "Supervisory Committee: Duties and Responsibilities." NCUA - "Supervisory Committee Handbook." The Federal Credit Union - "Credit Union Watchdogs," Sept/Oct 2003, pgs 31-32, 42.