HRS §412:10-115
Who can approve loans at a credit union
Read the official text at capitol.hawaii.gov ↗If the credit union's bylaws allow it, the board can hire a credit manager instead of or along with a credit committee. The credit manager works under the president and can approve or reject loan applications following board rules.
borrowers
The statute, as written — Credit manager
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
If the bylaws provide, the board of directors may appoint a credit manager in addition to or in lieu of a credit committee, subject to the direct supervision of the president of the credit union. The president may also be the credit manager. The credit manager may approve or disapprove loan applications, subject to written policies established by the board of directors.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.