Form 990, Part VI, Section A, Line 6 |
The organization is a cooperative financial institution owned by it's member credit unions for whom it provides financial services. |
Form 990, Part VI, Section A, Line 7a |
Election of directors is accomplished at the organization's annual meeting. |
Form 990, Part VI, Section A, Line 7b |
Significant changes or modifications of the organization's structure or direction are presented to and voted on by the member credit unions at the organization's annual meeting. |
Form 990, Part VI, Section B, Line 11b |
Form 990 is prepared by internal staff and presented to the board of directors for review and approval at a regularly scheduled meeting. |
Form 990, Part VI, Section B, Line 12c |
Officers, directors, and key employees are required by organization policy to voluntarily report any conflict of interest that may arise during the normal course of business. |
Form 990, Part VI, Section B, Line 15 |
An annual review and compensation adjustment of the President/CEO is performed by the board of directors with input from an independent consultant. This process was last performed in early 2014 to set President/CEO compensation for the FYE 12/31/14. |
Form 990, Part VI, Section C, Line 19 |
The organization's monthly financial statements, audited annual financial statements, and annual committee reports are available on the company website. An annual due diligence report is mailed to all member credit unions. Monthly Call Reports submitted to the NCUA ( National Credit Union Administration) are available on the NCUA website. |
Form 990, Part IX, Line 11g |
Coin & Currency Service |