Client Note 1 |
Client Note 1 - CREDIT UNION RECEIVES FEES FOR OFFERING LIFE AND DISABILITY INSURANCE AND PARK TICKETS/ENTERTAINMENT BOOKS TO MEMBERS. CREDIT UNION SELLS THESE PRODUCTS VIA EMPLOYEES WHO OFFER THEM TO MEMBERS AND THEREFORE EXPERIENCES SALARY AND OFFICE EXPENSES DUE TO THIS ACTIVITY. |
Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder |
Membership in the Louisville Federal Credit Union is limited to FEDERAL EMPLOYEES, FEDERAL RETIREES and their family members (ex. spouse, parents, siblings, children, grandchildren, etc). |
Form 990, Part VI, Line 11b: Form 990 Review Process |
No review was or will be conducted. |
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
EACH DIRECTOR AND EMPLOYEE MUST SIGN A CONFLICT OF INTEREST POLICY ANNUALLY OUTLINING THE STANDARDS BY WHICH THE CREDIT UNION OPERATES. |
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees |
BOARD HAS COMMITTEE THAT MEETS ANNUALLY TO REVIEW PAY AND BONUS PACKAGES WHICH ARE THEN REVIEWED/MODIFIED/APPROVED BY THE OVERALL INDEPENDENT GOVERNING BODY. |
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
UPON REQUEST THE CREDIT UNION WILL DISCLOSE ANY DOCUMENTS, POLICIES OR FINANCIAL STATEMENTS AS REQUIRED TO THE PUBLIC. |
Form 990, Part IX, Line 24e: Other Expenses |
ACH CHARGES: Column (A) - Total = $2048; Column (B) - Program Services = $2048; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
ALARM SERVICE: Column (A) - Total = $300; Column (B) - Program Services = $300; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
BANK ACCOUNT CHARGES/ATM: Column (A) - Total = $14361; Column (B) - Program Services = $14361; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
CASH OVER/SHORT: Column (A) - Total = $251; Column (B) - Program Services = $251; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
DISASTER RECOVERY CONTRACT: Column (A) - Total = $3720; Column (B) - Program Services = $3720; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
DR CARD INTERCHANGE FEES/COSTS: Column (A) - Total = $19153; Column (B) - Program Services = $19153; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
DUES AND SUBSCRIPTIONS: Column (A) - Total = $12741; Column (B) - Program Services = $12741; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
HARLAND CHECK EXPENSES: Column (A) - Total = $2162; Column (B) - Program Services = $2162; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
LOAN SERVICING & FORMS EXP: Column (A) - Total = $17352; Column (B) - Program Services = $17352; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
Postage and Shipping: Column (A) - Total = $3251; Column (B) - Program Services = $3251; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
REPO & COLLECTION EXPENSES: Column (A) - Total = $5007; Column (B) - Program Services = $5007; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
SECURITY BOND: Column (A) - Total = $9861; Column (B) - Program Services = $9861; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
SECURITY/FIREWALL: Column (A) - Total = $1140; Column (B) - Program Services = $1140; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
STATEMENT & 1099 PROCESSING: Column (A) - Total = $18217; Column (B) - Program Services = $18217; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
STORAGE: Column (A) - Total = $417; Column (B) - Program Services = $417; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
TELEPHONE: Column (A) - Total = $7448; Column (B) - Program Services = $7448; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
TRAINING/PLANNING MEETING: Column (A) - Total = $3899; Column (B) - Program Services = $3899; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
Form 990, Part IX, Line 24e: Other Expenses |
WEBSITE/VAULT SOLUTIONS/DOMAIN: Column (A) - Total = $2790; Column (B) - Program Services = $2790; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |