Form 990, Part VI, Section A, Line 6 |
The Credit Union has a single class of members with equal rights of ownership, governance, and voting. |
Form 990, Part VI, Section A, Line 7a |
The Board of Directors is elected by the members at the Annual Meeting. Each Board member is elected for a three year term. |
Form 990, Part VI, Section A, Line 7b |
Credit Union decisions that are subject to membership approval are mergers. |
Form 990, Part VI, Section B, Line 11b |
A review is conducted by the President/CEO and it is made available for the Board of Directors to review. |
Form 990, Part VI, Section B, Line 12c |
Employees and the Board of Directors are required to review the policy and sign a conflict of interest statement on an annual basis. |
Form 990, Part VI, Section B, Line 15 |
For the President/CEO-The Board of Director's Executive Committee completes a performance appraisal annually. Salary increases are approved by the Board of Directors and are determined based on performance as well as peer group comparison. The President/CEO performs annual evaluations of key employees and has been given the authority to provide salary increases based on performance. All evaluations were completed in 2014. |
Form 990, Part VI, Section C, Line 19 |
Financial Statements are posted in the Credit Union lobby. Other documents and policies are available for review upon request. |
Form 990, Part XI, Line 9 |
Change in Other Comprehensive Income $-57,082 |