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 990-EZ 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
2014
Open to Public
Inspection
Name of the organization
Credit Unions Chartered in the State of Michigan
 
Employer identification number

38-6066199
Return Reference Explanation
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
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

Additional Data


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