Hawaii State Federal Credit Union’s Splashy Vacations

Reported excessive benefits for credit union executives at Hawaii State Federal Credit Union include off-island trips for the executive and his or her spouse covered by expenses, and reimbursement for all health insurance costs.

“An article appearing in the January 30, 2011 Honolulu Star Advertiser reports on potential conflicts of interest and excessive benefits to the board members of Hawaii State Federal Credit Union, the second largest credit union in the state.

The article cites as examples of excessive benefits that the credit union pays for up to seven off-island trips annually for each board member with up to four trips to the mainland, covers travel expenses for spouses, and reimburses board members for health insurance costs.”

Read the full article from Credit Union Watch here. 

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