| Form 990, Part VI, Section A, Line 6 |
The credit union's bylaws call for an annual election of directors by the members. Each member is entitled to one vote irrespective of the number of shares/deposits at the credit union. |
| Form 990, Part VI, Section A, Line 7a |
The credit union's bylaws call for an annual election of directors by the members. Each member is entitled to one vote irrespective of the number of shares/deposits at the credit union. The candidates for director are nominated by a nominating committee appointed by the Board of Directors. The directors are elected by ballot election and results are reported at an annual meeting called for in the bylaws. |
| Form 990, Part VI, Section B, Line 11b |
The Form 990 was completed and reviewed by management. The Form 990 is made available to board members after filing, upon request. |
| Form 990, Part VI, Section B, Line 12c |
The conflict of interest policy is included in the Employee HR Handbook. All employees are required to review the handbook on an annual basis. The Board of Directors oversee the policies included in the Employee HR Handbook. In addition, board members sign a Code of Ethics and Conduct Statement which addresses conflicts of interest. |
| Form 990, Part VI, Section B, Line 15 |
The Board of Directors approve compensation for the President/CEO annually based on a compensation survey of credit unions of comparable size and job classifications, job performance, and other factors. Compensation for top management (other than the President/CEO) is approved by the President/CEO based on a compensation survey of credit unions of comparable size and job classifications, employee performance evaluations, and other factors. The overall compensation plan for the credit union, including the compensation for the President/CEO and management, is reviewed and approved by the Board of Directors annually. |
| Form 990, Part VI, Section C, Line 19 |
Written copies of policies and procedures are provided to members upon request with the approval of the Board of Directors. Monthly financial statements are posted in the credit union branch lobbies for members to review. The annual report for the credit union is provided to all members at the annual meeting. |
| Form 990, Part XI, Line 9 |
On November 1, 2023, 100 percent of the assets and liabilities of Ecusta Credit Union were merged with Champion Credit Union. The fair value of equity acquired as part of the business combination was $7,477,317. |