FORM 990, PART VI, SECTION A, LINE 6 |
SANTA CRUZ COMMUNITY 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. SANTA CRUZ COMMUNITY CREDIT UNION DOES NOT HAVE STOCKHOLDERS. |
FORM 990, PART VI, SECTION A, LINE 7A |
THE GOVERNING BOARD OF SANTA CRUZ COMMUNITY 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 OUR 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 OF DISSOLUTION. |
FORM 990, PART VI, SECTION B, LINE 11B |
THE CFO REVIEWS FORM 990 PRIOR TO FILING. SUBSEQUENTLY A COPY OF THE FORM IS DISTRIBUTED TO THE SUPERVISORY COMMITTEE AND BOARD OF DIRECTORS. |
FORM 990, PART VI, SECTION B, LINE 12C |
THE BOARD AND MANAGEMENT REVIEW, UPDATE AND DISTRIBUTE THE CONFLICT OF INTEREST POLICY TO ALL STAFF AND VOLUNTEERS OF THE ORGANIZATION. THE MOST RECENT POLICY IS REVIEWED AND SIGNED BY ALL STAFF ANNUALLY. |
FORM 990, PART VI, SECTION B, LINE 15 |
THE ORGANIZATION USES AN INDEPENDENT THIRD PARTY COMPENSATION AND PERFORMANCE MANAGEMENT SYSTEM, HRN - COMPEASE, I-PERFORMEASE SOFTWARE ANNUALLY. THE THIRD PARTY VENDOR AND SYSTEM INDEPENDENTLY GATHER CREDIT UNION COMPENSATION DATA BASED ON FIVE OBJECTIVE COMPENSABLE FACTORS AND THE DATA IS INPUT INTO OUR COMPENSATION SYSTEM. THE ANNUAL COMPENSATION DATA IS ALSO SHARED WITH THE BOARD AND ANNUAL COMPENSATION BUDGETS ARE REVIEWED AND AUTHORIZED BY THE BOARD. INTERNALLY, THE PERFORMANCE MANAGEMENT SOFTWARE DETERMINES ONE'S PERFORMANCE AND CORRESPONDING COMPENSATION LEVEL. THE CEO REVIEWS AND APPROVES ALL STAFF AND MANAGEMENT LEVEL COMPENSATION, AND THE BOARD OVERSEES AND AUTHORIZES THE CEO PERFORMANCE MANAGEMENT AND COMPENSATION. |
FORM 990, PART VI, SECTION C, LINE 19 |
SANTA CRUZ COMMUNITY CREDIT UNION HAS LOBBY SIGNAGE INDICATING THAT OUR GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
FORM 990, PART XII, LINE 2C: |
THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. |