Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 & 7A: WESTEX COMMUNITY CREDIT UNION IS A STATE CHARTERED CREDIT UNION COMPRISED OF OWNER/MEMBERS. THE MEMBERS HOLD ANNUAL MEETINGS AT WHICH TIME THE MEMBERS PRESENT ELECT OPEN POSITIONS FOR THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11A: A COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW. AFTER REVIEW AND DISCUSSION, THE FORM IS APPROVED FOR REMITTANCE TO THE IRS. FORM 990, PART VI, SECTION B, LINE 15A & 15B: BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF ALL THEIR KEY EMPLOYEES ON AN ANNUAL BASIS AND COMPARES COMPENSATION LEVELS AGAINST INDUSTRY STANDARDS, CREDIT UNION SIZE, AND SERVICES OFFERED. ALL DELIBERATIONS ARE FORMALLY RECORDED IN APPROPRIATE RECORDS. FORM 990, PART VI, LINE 19: THE CREDIT UNION MAKES AVAILABLE AT ITS MAIN OFFICE LOCATED AT 200 EAST AUSTIN, KERMIT, TX COPIES OF THE FINANCIAL STATEMENTS AND GOVERNANCE DOCUMENTS TO ANY MEMBER UPON REQUEST. |
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