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
2016
Open to Public
Inspection
Name of the organization
FIRST COMMUNITY CREDIT UNION
 
Employer identification number

93-0468003
Return Reference Explanation
Part VI Line 11b The form 990 is prepared by the Vice President of Finance. It is reviewed
Part VI Line 11b by the Chief Financial Officer, and is then presented to the Executive
Part VI Line 19 This is noted currently on Schedule O
Part IX Line 11g OTHER PROFESSIONAL SERVIC Total expenses - $88197.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
PART VI, SECTION A, #6, 7a, & 7b Each person who has purchased a $1 share and opened an account with the
PART VI, SECTION A, #6, 7a, & 7b organization is a member. Each member of the organization can vote for the
PART VI, SECTION A, #6, 7a, & 7b members of the board of directors as well as other issues that are brought
PART VI, SECTION A, #6, 7a, & 7b before the membership to be voted on.
PART VI, SECTION B, #11b The form 990 is prepared by the Vice President of Finance. It is reviewed
PART VI, SECTION B, #11b by the Chief Financial Officer, and is then presented to the Executive
PART VI, SECTION B, #11b Committee for review.
PART VI, SECTION B, #12c The Credit Union has and maintains a conflict of interest policy. The
PART VI, SECTION B, #12c policy includes members of senior and executive management as well as
PART VI, SECTION B, #12c board members. If a conflict of interest were to arise, it would be
PART VI, SECTION B, #12c reported at the next scheduled board meeting. Various controls are in
PART VI, SECTION B, #12c place to help deter these types of relationships or transactions and is
PART VI, SECTION B, #12c monitored by management. The policy is reviewed annually for any
PART VI, SECTION B, #12c necessary changes or updates.
PART VI, SECTION B, 15a & 15b Annual reviews are performed by the Board for the CEO at the beginning
PART VI, SECTION B, 15a & 15b of each year, using salary survey data. The performance for the last year
PART VI, SECTION B, 15a & 15b is analyzed and pay increases are administered as deemed necessary. The
PART VI, SECTION B, 15a & 15b CEO does the same annual review process with the other officers of the
PART VI, SECTION B, 15a & 15b organization, and also administers any Board approved salary increases
PART VI, SECTION B, 15a & 15b as warranted.
PART VI, SECTION C, #19 Governing documents of the organization are available upon request, as well
PART VI, SECTION C, #19 as the monthly financial statements. The financial statements are also
PART VI, SECTION C, #19 posted in the branches for review by the public.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2016


Additional Data


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Software Version: ta16mefv1.0