SCHEDULE O
(Form 990)

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.
right arrow Attach to Form 990 or 990-EZ.
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OMB No. 1545-0047
2022
Open to Public
Inspection
Name of the organization
1368 CODE CREDIT UNION
 
Employer identification number

31-1225765
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS, WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE, AND VOTING.
FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY A MEMBERSHIP BALLOT VOTE COUNTED BY A CERTIFIED PUBLIC ACCOUNTING FIRM. THE RESULTS ARE ANNOUNCED AT THE ANNUAL MEETING. EACH BOARD MEMBER IS ELECTED FOR A THREE YEAR TERM.
FORM 990, PART VI, SECTION A, LINE 7B CREDIT UNION DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE CHARTER CHANGES AND MERGERS.
FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS CAN VIEW ON THE SECURE SITE PRIOR TO THE BOARD MEETING WHERE APPROVAL IS THEN GIVEN PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE GIVEN THE OPPORTUNITY AT THE START OF EACH MONTHLY BOARD MEETING TO DISCLOSE CONFLICTS OF INTEREST THAT HAVE ARISEN.
FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR A COMPENSATION COMMITTEE IS APPOINTED BY THE CHARIMAN TO REVIEW THE CEO'S MARKET PAY AND POSITION WITHIN THE MARKETPLACE. THE COMPENSATION COMMITTEE THEN MEETS WITH THE FULL BOARD OF DIRECTORS FOR DISCUSSION AND APPROVAL. AN ANNUAL COMPENSATION SURVEY IS USED TO ENSURE EMPLOYEES ARE PAID FAIR MARKET VALUE.
FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION'S LOBBY. ALL OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2022


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