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
JACKSON RIVER COMMUNITY CREDIT UNION
 
Employer identification number

54-0620788
Return Reference Explanation
SECTION VI 6 CREDIT UNIONS ARE MEMBER OWNED. THE CHARTER STATES THAT EACH MEMBER AGE 18 & OVER HAS THE RIGHT TO 1 VOTE. AN ELIGIBLE VOTING MEMBER IF AGREED MAY BE PRESENTED TO THE BOARD FOR THE SPECIAL PURPOSE OF RUNNING FOR A SEAT ON THE BOARD. EVERY MEMBER IS CONSIDERED ON THE SAME POLICIES GUIDELINES AND REQUIREMENTS WHEN APPLYING FOR LOANS DRAFT ACCOUNTS AND OTHER CREDIT UNION SERVICES.
SECTION VI 19 FINANCIALS ARE POSTED MONTHLY AT THE CREDIT UNION FOR MEMBER REVIEW. DETAILED REPORTS ARE PRESENTED AND DISCUSSED WITH THE BOARD OF DIRECTORS AT MONTHLY BOARD MEETINGS. OTHER FINANCIAL INFORMATION CAN BE PRODUCED OR DISCUSSED UPON REQUEST. ANY INFORMATION WHICH IS CONSIDERED PRIVATE OR SENSITIVE WILL ONLY BE SHARED WITH APPROPRIATE INDIVIDUALS.
SECTION VI 12 BOARD MANAGEMENT AND STAFF ADHERE TO THE POLICY GUIDELINES FOR CONFLICT OF INTEREST. IN THE EVENT A CONFLICT OF INTEREST ARISES A BOARD MEMBER WILL ABSTAIN FROM VOTING OR AN EMPLOYEE WILL HAVE MANAGEMENT APPROVE THE SITUATION PRIOR TO CONDUCTING A TRANSACTION. BOARD MANAGEMENT AND STAFF ARE RESPONSIBLE TO REPORT ANY CONFLICT OF INTEREST PRIOR TO VOTING OR ACTING ON THE SITUATION. IF NOT REPORTED BUT DISCOVERED BY MANAGEMENT APPROPRIATE ACTIONS WILL BE TAKEN TO RESOLVE THE ISSUE AND PREVENT IT FROM OCCURING IN THE FUTURE.
SECTION VI 15B THE BOARD APPOINTS A WAGE & COMPENSATION COMMITTEE FROM WITHIN THE BOARD. PRIOR TO THE THE COMMITTEE THE CEO MEETS WITH SENIOR MANAGEMENT AND DISCUSSES BONUSESRAISESCOLA AND ALL OTHER ASPECTS OF WAGEBENEFITS FOR EMPLOYEES. THE CEO THEN TAKES THE RECOMMENDATIONS TO THE COMMITTEE. THE COMMITTEE WILL AMMENDCONCUR WITH THE RECOMMENDATIONS AND THEN PRESENT TO THE BOARD FOR THE VOTE APPROVAL. THE CEO COMPENSATION IS DISCUSSED BY THE WAGE AND COMPENSATION COMMITTEE AND THEN PRESENTED TO THE BOARD DURING EXECUTIVE SESSION. THE BOARD REVIEWS WAGE AND SALARY INFO FROM CREDIT UNION DATA TO EXAMINE THE FAIRNESS AND EQUALITY OF PAY.
SECTION VI 11B FORM 990 IS REVIEWED BY THE CEO PRIOR TO SUMISSION TO THE IRS. THE INFORMATION USED TO PRODUCED AND POPULATE THE 990 HAS BEEN PREVIOUSLY AUDITED BY AN INDEPENDENT AUDITING FIRM.
SECTION XI 9 OTHER CHANGES IN THE NET ASSETS OR FUND BALANCES - THIS CHANGE REPRESENTS THE INCREASE IN MEMBER EQUITY MEMBER DEPOSITS HELD AT THE CREDIT UNION.
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

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