| FORM 990, PART VI, SECTION A, LINE 6 |
FRONTWAVE CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. FRONTWAVE CREDIT UNION DOES NOT HAVE STOCKHOLDERS. |
| FORM 990, PART VI, SECTION A, LINE 7A |
THE GOVERNING BOARD OF FRONTWAVE CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY ITS BY-LAWS. |
| FORM 990, PART VI, SECTION A, LINE 7B |
AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. |
| FORM 990, PART VI, SECTION B, LINE 11B |
FORM 990 IS REVIEWED BY THE CFO PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE ORGANIZATION HAS AN INTERNAL AUDIT AND COMPLIANCE DEPARTMENT WHICH MONITORS POLICIES AND PROCEDURES. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE THAT REVIEWS AND SETS THE CEO'S SALARY. THE HR DEPARTMENT AND THE CEO REVIEW MARKET COMPENSATION REPORTS TO DETERMINE SALARIES FOR THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 |
FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE, AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: |
AUDIT ADJUSTMENTS -168,800. |
| FORM 990, PART XII, LINE 2C: |
THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR ITS SELECTION PROCESS DURING THE TAX YEAR. |
Attach to Form 990 or 990-EZ.