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, Line 6: Explanation of Classes of Members or Shareholder | Each credit union member owns one "share" of the organization. Therefore, the user of credit union services is considered an owner and is entitled to vote on important issues, such as the election of member representatives to serve on the board of directors. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | The board reviews the 990 and documents their review in the board minutes. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | The process for determining compensation for the Texas DPS Credit Union includes collection of comparable data (comparable positions of comparable organizations obtained from published salary survey reports) that is reviewed and discussed by the board of directors. Once made, the board's decision is documented and no individual with a conflict of interest is involved in the decision. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Upon written request, these documents will be made available for public inspection. |
| Software ID: | 15000324 |
| Software Version: | 2015v2.0 |