TY 2015 Form 990 Schedule O

efile Public Visual Render ObjectId: 201602219349301970 - Submission: 2016-08-08 TIN: 04-1801520

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

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

ST JEANS CREDIT UNION

Employer identification number

04-1801520

Return Reference	Explanation
Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder	Persons who meet the requirements of the organization's field of membership who hold at least one share of the capital.
Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body	Each member has a vote at the election of the board of directors.
Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders	Any changes to the incorporating documents, i.e. Bylaws are approved by the membership.
Form 990, Part VI, Line 11b: Form 990 Review Process	Once received the 990 will be reviewed by the CEO, CFO and directors. Due to filing deadlines, the 990 may be reviewed by the board of directors subsequent to filing. The review is documented in the minutes.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts	POLICY IS REVIEWED ANNUALLY WITH THE BOARD AND EMPLOYEES. WRITTEN ACKNOWLEDGEMENTS ARE SIGNED ON AN ANNUAL BASIS.
Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management	CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, EXECUTIVE COMMITTEE. WAGE AND SALARY PLAN INTRODUCED IN 2013. JOB DESCRIPTIONS WERE UPDATED. A SALARY SURVEY WAS CONDUCTED BY AN INDEPENDENT COMPANY. ALL POSITIONS WERE EVALUATED. POSITIONS WITHIN THE CREDIT UNION HAVE BEEN ASSIGNED A RANK. SALARY RANGES WERE ESTABLISHED FOR EACH RANK. COMPENSATION IS BASEDON CURRENT AND RELATED EXPERIENCE.
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. SENIOR MANAGMENT IS DETERMINED BY INCREASE SET FORTH FOR STAFF AND APPROVED BY THE BOARD OF DIRECTORS. SALARY SURVEYS, INDUSTRY TRENDS AND EARNINGS ARE ALL TAKEN INTO CONSIDERATION.
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	Information is posted in the lobby at branch locations and available upon request. The information is updated on a monthly basis after the board meets each month.
Other Changes In Net Assets Or Fund Balances - Other Increases	EQUITY ACQUIRED IN MERGER = $7376291
Other Changes In Net Assets Or Fund Balances - Other Decreases	PAYMENTS TO DONATED EQUITY = -$1000000

Return Reference

Explanation

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Persons who meet the requirements of the organization's field of membership who hold at least one share of the capital.

Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body

Each member has a vote at the election of the board of directors.

Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders

Any changes to the incorporating documents, i.e. Bylaws are approved by the membership.

Form 990, Part VI, Line 11b: Form 990 Review Process

Once received the 990 will be reviewed by the CEO, CFO and directors. Due to filing deadlines, the 990 may be reviewed by the board of directors subsequent to filing. The review is documented in the minutes.

Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts

POLICY IS REVIEWED ANNUALLY WITH THE BOARD AND EMPLOYEES. WRITTEN ACKNOWLEDGEMENTS ARE SIGNED ON AN ANNUAL BASIS.

Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management

CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, EXECUTIVE COMMITTEE. WAGE AND SALARY PLAN INTRODUCED IN 2013. JOB DESCRIPTIONS WERE UPDATED. A SALARY SURVEY WAS CONDUCTED BY AN INDEPENDENT COMPANY. ALL POSITIONS WERE EVALUATED. POSITIONS WITHIN THE CREDIT UNION HAVE BEEN ASSIGNED A RANK. SALARY RANGES WERE ESTABLISHED FOR EACH RANK. COMPENSATION IS BASEDON CURRENT AND RELATED EXPERIENCE.

Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees

CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. SENIOR MANAGMENT IS DETERMINED BY INCREASE SET FORTH FOR STAFF AND APPROVED BY THE BOARD OF DIRECTORS. SALARY SURVEYS, INDUSTRY TRENDS AND EARNINGS ARE ALL TAKEN INTO CONSIDERATION.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Information is posted in the lobby at branch locations and available upon request. The information is updated on a monthly basis after the board meets each month.

Other Changes In Net Assets Or Fund Balances - Other Increases

EQUITY ACQUIRED IN MERGER = $7376291

Other Changes In Net Assets Or Fund Balances - Other Decreases

PAYMENTS TO DONATED EQUITY = -$1000000

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

Software ID:	15000324
Software Version:	2015v2.0