Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Members or stockholder classes and rights Part VI line 6 | The organization consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (Board of Directors). |
| Member election for additional members Part VI line 7a | The Board of Directors is elected by the membership utilizing their one vote per member |
| Governing body decisions Part VI line 7b | Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organization's bylaws. Any decision to dissolve or merge the organization requires approval of membership, unless mandated by regulatory agency (i.e., NCUA, Wisconsin Office of Credit Unions). |
| Form 990 governing body review Part VI line 11 | Presented at the board meeting for review. |
| Conflict of interest policy compliance Part VI line 12c | Annual each employee/director is required to disclose in writing any potential conflict of interest they might have in the credit union. This incudes conflicts that might arise from relationships/vendors. Additionally, the credit union has dual control in place to mitigate the risk of conflicts of interest, and employees are not authorized to do transactions who may pose a conflict of interest. |
| CEO executive director top management comp Part VI line 15a | The board uses the information put out by the Wisconsin Credit Union League as well as CUNA in its determination of compensation and benefits. Also refers to NCUA in the peer ratio comparisons. |
| Other officer or key employee compensation Part VI line 15b | The Board reviews comparibility reports to determine wages. |
| Governing documents etc available to public Part VI line 19 | Governing documents, etc, available to public. All pertinent information is kept at the credit union and is available for public inspection. |
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