TY 2013 Form 990 Schedule O

efile Public Visual Render ObjectId: 201431359349305228 - Submission: 2014-05-15 TIN: 82-0219844

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization

EAST IDAHO CREDIT UNION

Employer identification number

82-0219844

Return Reference	Explanation
FORM 990, PART III, LINE 3	THE CREDIT UNION NO LONGER OFFERS ATM CARDS AS A SERVICE TO MEMBERS.
FORM 990, PART VI, SECTION A, LINE 1	THE GOVERNING BODY OF THE ORGANIZATION DELEGATES BOARD AUTHORITY TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY AND TREASURER OF THE BOARD.
FORM 990, PART VI, SECTION A, LINE 6	EAST IDAHO CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE.
FORM 990, PART VI, SECTION A, LINE 7A	MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF MEMBERS. IF A VACANCY OCCURS DURING THE YEAR THE BOARD MAY APPOINT A REPLACEMENT UNTIL THE MEMBERSHIP CAN VOTE AGAIN AT THE NEXT ANNUAL MEETING.
FORM 990, PART VI, SECTION B, LINE 11	FORM 990 IS REVIEWED BY THE CREDIT UNION CEO PRIOR TO FILING. IN ADDITION, COPIES OF THE FORM 990 ARE PROVIDED TO THE BOARD VIA EMAIL.
FORM 990, PART VI, SECTION B, LINE 12C	THE ORGANIZATION HAS A MANDATORY CONFLICT OF INTEREST POLICY IN PLACE WHICH THEY USE TO GATHER INFORMATION THAT MAY LEAD TO POTENTIAL PRIVATE INUREMENT SITUATIONS; THE ORGANIZATION REVIEWS ALL CONFLICTS OF INTEREST ANNUALLY. IN ADDITION TO THE CONFLICT OF INTEREST POLICY, THE ORGANIZATION REQUIRES COMPLETION OF A CHECKLIST DURING THE FORM 990 PROCESS THAT GATHERS INFORMATION SPECIFIC TO IRS QUESTIONS REGARDING POTENTIAL PRIVATE INUREMENT TRANSACTIONS.
FORM 990, PART VI, SECTION B, LINE 15	THE CREDIT UNION HAS A COMPENSATION COMMITTEE THAT WAS ESTABLISHED BY THE ORGANIZATION'S BOARD. THE COMPENSATION COMMITTEE USES SALARY SURVEYS AVAILABLE THROUGH CUNA AND OTHER PUBLICLY AVAILABLE SURVEYS TO ESTABLISH COMPENSATION. IN 2012, DHILTON & ASSOCIATES PROVIDED THE ORGANIZATION WITH A COMPENSATION COMPARISON TO THE CURRENT PAY STRUCTURE. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR FINAL APPROVAL OF THE CEO'S SALARY.THERE WERE NO CHANGES IN REGARD TO COMPENSATION PROCEDURES FROM 2012 TO 2013.
FORM 990, PART VI, SECTION C, LINE 19	THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE NCUA.GOV WEBSITE AND ARE ALSO POSTED IN THE BRANCHES ON A MONTHLY BASIS. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:	NET ASSET ADJUSTMENT - INCLUDES UNREALIZED GAIN/LOSS 214,346.

Return Reference

Explanation

FORM 990, PART III, LINE 3

THE CREDIT UNION NO LONGER OFFERS ATM CARDS AS A SERVICE TO MEMBERS.

FORM 990, PART VI, SECTION A, LINE 1

THE GOVERNING BODY OF THE ORGANIZATION DELEGATES BOARD AUTHORITY TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY AND TREASURER OF THE BOARD.

FORM 990, PART VI, SECTION A, LINE 6

EAST IDAHO CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE.

FORM 990, PART VI, SECTION A, LINE 7A

MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF MEMBERS. IF A VACANCY OCCURS DURING THE YEAR THE BOARD MAY APPOINT A REPLACEMENT UNTIL THE MEMBERSHIP CAN VOTE AGAIN AT THE NEXT ANNUAL MEETING.

FORM 990, PART VI, SECTION B, LINE 11

FORM 990 IS REVIEWED BY THE CREDIT UNION CEO PRIOR TO FILING. IN ADDITION, COPIES OF THE FORM 990 ARE PROVIDED TO THE BOARD VIA EMAIL.

FORM 990, PART VI, SECTION B, LINE 12C

THE ORGANIZATION HAS A MANDATORY CONFLICT OF INTEREST POLICY IN PLACE WHICH THEY USE TO GATHER INFORMATION THAT MAY LEAD TO POTENTIAL PRIVATE INUREMENT SITUATIONS; THE ORGANIZATION REVIEWS ALL CONFLICTS OF INTEREST ANNUALLY. IN ADDITION TO THE CONFLICT OF INTEREST POLICY, THE ORGANIZATION REQUIRES COMPLETION OF A CHECKLIST DURING THE FORM 990 PROCESS THAT GATHERS INFORMATION SPECIFIC TO IRS QUESTIONS REGARDING POTENTIAL PRIVATE INUREMENT TRANSACTIONS.

FORM 990, PART VI, SECTION B, LINE 15

THE CREDIT UNION HAS A COMPENSATION COMMITTEE THAT WAS ESTABLISHED BY THE ORGANIZATION'S BOARD. THE COMPENSATION COMMITTEE USES SALARY SURVEYS AVAILABLE THROUGH CUNA AND OTHER PUBLICLY AVAILABLE SURVEYS TO ESTABLISH COMPENSATION. IN 2012, DHILTON & ASSOCIATES PROVIDED THE ORGANIZATION WITH A COMPENSATION COMPARISON TO THE CURRENT PAY STRUCTURE. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR FINAL APPROVAL OF THE CEO'S SALARY.THERE WERE NO CHANGES IN REGARD TO COMPENSATION PROCEDURES FROM 2012 TO 2013.

FORM 990, PART VI, SECTION C, LINE 19

THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE NCUA.GOV WEBSITE AND ARE ALSO POSTED IN THE BRANCHES ON A MONTHLY BASIS. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.

FORM 990, PART XI, LINE 9:

NET ASSET ADJUSTMENT - INCLUDES UNREALIZED GAIN/LOSS 214,346.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2013

Software ID:
Software Version: