Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| F990_P06_S0A_L06 | Form 990, Part VI, Section A, Line 6 | The credit union has 1,560 members as of the report date. As a member owned financial cooperative, there are no stockholders. |
| F990_P06_S0A_L07a | Form 990, Part VI, Section A, Line 7a | Members of the governing body are elected by the membership. |
| F990_P06_S0A_L08b | Form 990, Part VI, Section A, Line 8b | All meetings of the governing body are documented in the Board minutes. The organization also has a Supervisory Committee who hires the external auditor to perform audit procedures. The Supervisory Committee does not have formal minutes, but the audit agreement and audit reports are documented in writing. The credit committee does not keep formal minutes, but the decisions of the credit committee are documented in the individual member loan files. |
| F990_P06_S0B_L11b | Form 990, Part VI, Section B, Line 11b | The credit union Manager or President reviews the Form 990 prior to filing. |
| F990_P06_S0B_L15 | Form 990, Part VI, Section B, Line 15 | The salary of the credit union Manager is determined based on performance and local market rates for similar size credit unions. The Treasurer receives a flat rate of $100 per month for serving as financial officer of the Board of Directors. No other officers receive monetary compensation. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | Financial statements are posted in the credit union office. In addition, financial statements are filed with the credit union's regulator (NCUA) and are publicly available at www.ncua.gov. Policies and other governing documents are available upon request. |
| F990_P12_S00_L01 | Form 990, Part XII, Line 1 | Changed to accrual basis accounting, which is now required for credit unions over $10 million in assets. Last year the credit union was under $10 million in assets and used NCUA Regulatory (modified cash basis) accounting. |
| Software ID: | 11000129 |
| Software Version: | v1.00 |