Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, Line 6 | EVERY INDIVIDUAL THAT HAS DEPOSIT OF 25.00 IN THE CREDIT UNION HAS OWNERSHIP OF 1 VOTING SHARE OF THE ORGANIZATION AND MY VOTE ON THE ELECTION OF BOARD MEMBERS. NO MEMBER HAS MORE THAN 1 VOTING SHARE, REGARDLESS OF THE TOTAL AMOUNT OF DEPOSITS IN THAT MEMBERS ACCOUNT. WE HAVE APPROXIMATELY 55,500 MEMBERS. |
| Form 990, Part VI, Section A, Line 7A | THE ORGANIZATION IS RUN BY A BOARD OF DIRECTORS MADE UP OF ORGANIZATION MEMBERS THAT WERE VOTED IN BY ALL OTHER MEMBERS OF THE ORGANIZATION. |
| Form 990, Part VI, Section A, Line 7B | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODYS ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. |
| Form 990, Part VI, Section B, Line 11 | THE VP/CFO PROVIDES INPUT INTO THE PREPARATION OF THE 990 AND 990T AND REVIEWS THE RETURNS PRIOR TO FILING. THE CEO ALSO REVIEWS THE 990 AND 990T RETURNS PRIOR TO FILING. THEN, THE CEO REPORTS THE FILING OF THE 990 AND 990T TO THE BOARD AND MAKES THE RETURNS AVAILABLE FOR PUBLIC INSPECTION. |
| Form 990, Part VI, Section B, Line 12C | CONFLICT OF INTEREST STATEMENTS ARE OBTAINED EACH YEAR FROM MANAGEMENT, THE BOARD OF DIRECTORS, AND THE SUPERVISORY COMMITTEE. |
| Form 990, Part VI, Section B, Line 15 | THE CEOS COMPENSATION IS BASED UPON CONTRACT AND REACHING PREDETERMINED BENCHMARKS. ALL OTHER PAID EMPLOYEES ARE BASED UPON A STANDARD SALARY GRID AND ANNUAL REVIEW PROCESS. BONUSES, IF ANY, ARE PAID BASED UPON SUCCESSFUL COMPLETION OF MAJOR PROJECTS. |
| Form 990, Part VI, Section C, Line 19 | FINANCIAL STATEMENTS ARE POSTED IN BRANCH LOBBIES. POLICIES ARE AVAILABLE BASED UPON REQUEST AND FOLLOWING SPECIFIED PROCEDURES. |
| Form 990, Part XI, Line 9 | PRIOR PERIOD ADJUSTMENT TO UNDIVIDED EARNINGS OF 238,616 TO REMOVE MORTGAGE SERVICING ASSET PLUS RECLASSIFICATION ADJUSTMENT FOR INVESTMENT GAINS INCLUDED IN NET INCOME OF 98,535. |
| Software ID: | 14000292 |
| Software Version: | 14.4.1.0 |