| FORM 990, PART VI, SECTION A, LINE 6 |
THE CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED BY ITS MEMBERS. IN ORDER TO BECOME A MEMBER OF THE CREDIT UNION, AN INDIVIDUAL MUST LIVE, WORK, OR ATTEND SCHOOL IN COLBERT, CULLMAN, FAYETTE, FRANKLIN, LAMAR, LAUDERDALE, LAWRENCE, LIMESTONE, MARION, MORGAN, WALKER, OR WINSTON COUNTIES IN NORTH ALABAMA OR MAURY COUNTY IN TENNESSEE. A PERSON CAN ALSO BECOME A MEMBER IF THEY ARE RELATED TO A CURRENT MEMBER OR IF THEY WORK FOR A MEMBER COMPANY. |
| FORM 990, PART VI, SECTION A, LINE 7A |
MEMBERS OF THE CREDIT UNION ELECT MEMBERS OF THE GOVERNING BODY BY PLURALITY VOTE AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 8B |
THE CREDIT UNION DOES NOT HAVE COMMITTEES WITH THE RESPONSIBILITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 10B |
WHILE THE CREDIT UNION DOES NOT HAVE A SPECIFIC WRITTEN POLICY FOR THE BRANCHES, ALL BRANCHES ARE HELD ACCOUNTABLE TO THE SAME POLICIES AS THE MAIN BRANCH. |
| FORM 990, PART VI, SECTION B, LINE 11B |
UPON COMPLETION OF THE CREDIT UNION'S FORM 990, THE RETURN IS PRESENTED TO THE BOARD AT A BOARD OF DIRECTORS MEETING. AT THE MEETING, THE BOARD MEMBERS REVIEW THE TAX RETURN AND ARE FREE TO ASK ANY QUESTIONS OR ENGAGE IN DISCUSSION REGARDING ANY TOPIC COVERED IN THE RETURN. ONCE THE GOVERNING BODY HAS REVIEWED AND APPROVED THE FORM 990, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C |
CREDIT UNION STAFF REVIEW THE CONFLICT OF INTEREST POLICY EACH YEAR WITH THE CREDIT UNION'S MANAGER. AT THIS MEETING, THE STAFF MEMBERS ARE FREE TO ASK ANY QUESTIONS REGARDING THIS POLICY. THE CREDIT UNION MANAGER CONSTANTLY MONITORS THE STAFF TO MAKE SURE EVERYONE IS IN COMPLIANCE WITH THE POLICY. IT IS THE RESPONSIBILITY OF STAFF AND DIRECTORS TO IMMEDIATELY NOTIFY THE CREDIT UNION MANAGERS OF ANY POTENTIAL CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 |
COMPENSATION FOR OFFICERS, KEY EMPLOYEES AND TOP MANAGEMENT OFFICIALS IS DETERMINED ON A YEARLY BASIS. BEFORE COMPENSATION IS SET, THE BOARD OF DIRECTORS EXAMINES THE TYPE AND AMOUNT OF WORK PERFORMED BY THE EMPLOYEES WHILE TAKING INTO ACCOUNT THE CREDIT UNION'S PRIOR YEAR INCOME. INDEPENDENTLY PREPARED REGIONAL SALARY SURVEYS ARE AVAILABLE FOR USE BY THE BOARD IN THE COMPENSATION DETERMINATION PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE CREDIT UNION MAKES AVAILABLE ITS FINANCIAL STATEMENTS VIA THE NCUA WEBSITE WHICH CAN BE FOUND AT WWW.NCUA.GOV. OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: |
PENSION ADJUSTMENT (OCI) -768,162. |
| FORM 990, PART XII LINE 2 |
ON A YEARLY BASIS, THE NATIONAL CREDIT UNION ASSOCIATION AND THE ALABAMA CREDIT UNION ADMINISTRATION EXAMINE THE FINANCIAL STATEMENTS OF THE CREDIT UNION. THE CREDIT UNION'S SEPTEMBER 30TH FINANCIAL STATEMENTS ARE AUDITED ANNUALLY BY AN INDEPENDENT ACCOUNTANT. |
| SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION |
CREDIT UNIONS IN THE STATE OF ALABAMA LISTERHILL CREDIT UNION P.O. BOX 566 SHEFFIELD, AL 35660-0566 EMPLOYER IDENTIFICATION NUMBER: 63-0333902 FOR THE YEAR ENDING DECEMBER 31, 2017 CREDIT UNIONS IN THE STATE OF ALABAMA LISTERHILL CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). |
| SECTION 1.263(A)-3(N) ELECTION |
CREDIT UNIONS IN THE STATE OF ALABAMA LISTERHILL CREDIT UNION P.O. BOX 566 SHEFFIELD, AL 35660-0566 EMPLOYER IDENTIFICATION NUMBER: 63-0333902 FOR THE YEAR ENDING DECEMBER 31, 2017 CREDIT UNIONS IN THE STATE OF ALABAMA LISTERHILL CREDIT UNION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N). |
Attach to Form 990 or 990-EZ.