Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERSHIP IN AHCU IS COMPOSED OF THOSE WHO ARE EMPLOYEES AND RETIREES OF ANOKA HENNEPIN SCHOOL DIST. #11; ANOKA HENNEPIN TECHNICAL COLLEGE; FEDERAL PREMIUM AMMUNITION; HOFFMAN ENCLOSURES, INC.; GRACO, INC.; ANOKA HENNEPIN CREDIT UNION; AND THEIR SUBSIDIARIES; AND THOSE PERSONS WHO LIVE, WORK, WORSHIP, VOLUNTEER OR ATTEND SCHOOL IN, AND BUSINESSES AND OTHER ENTITIES LOCATED IN, ANOKA, BENTON, CHISAGO, HENNEPIN, KANABEC, ISANTI, PINE, RAMSEY AND WASHINGTON COUNTIES OF MINNESOTA; AND WHO SUBSCRIBE TO AND MAINTAIN AT LEAST ONE SHARE AS DESIGNATED BY THE BOARD OF DIRECTORS (HEREINAFTER "BOARD"), PAY THE INITIAL INSTALLMENT THEREON AND THE ENTRANCE FEE IF ANY. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD, OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES, AND THE HOUSEHOLD MEMBER OF A MEMBER MAY BE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL PRIMARY MEMBERS HAVE THE RIGHT TO VOTE TO ELECT MEMBERS TO OUR GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | ALL ELIGIBLE MEMBERS MAY VOTE ON CHANGES TO THE BYLAWS OF ANOKA HENNEPIN CREDIT UNION, APPROVAL OF DIRECTOR STIPENDS, THE REMOVAL OF DIRECTORS, OR THE REMOVAL OF ANOTHER MEMBER UNDER CERTAIN CIRCUMSTANCES. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE COMMITTEES ARE NOT GRANTED AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FINAL COPY OF THE FORM 990 IS AVAILABLE TO EACH VOTING MEMBER OF THE GOVERNING BODY VIA A BOARD MEMBER WEBSITE AFTER THE CEO AND CFO DO AN INITIAL REVIEW AND PRIOR TO THE RETURN BEING FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICTS OF INTEREST ARE MONITORED BY INTERNAL AUDITS, EXTERNAL AUDITS, AND NCUA AND STATE EXAMS. (1) ALL EMPLOYEES ARE COVERED BY THE POLICY, INCLUDING MEMBERS OF MANAGEMENT AND THE BOARD OF DIRECTORS. (2) DETERMINATIONS ARE MADE BY THE PRESIDENT AND CEO. (3) ACTUAL CONFLICTS ARE REVIEWED BY THE CHAIRPERSON OF THE BOARD AND THE MANAGEMENT TEAM. (4) IF A CONFLICT ARISES, THE IDENTIFIED PERSON IS RESTRICTED AND MAY NOT VOTE OR MAKE RECOMMENDATIONS ON PROPOSALS FROM THOSE ENTITIES. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE VICE PRESIDENT OF HUMAN RESOURCES REVIEWED AND COLLECTED INFORMATION FROM CREDIT UNION EXECUTIVES SOCIETY (CUES), CREDIT UNION NATIONAL ASSOCIATION (CUNA), AND GOVERNMENT AGENCY RESOURCES TO FORMULATE RANGES FOR COMPENSATION. AHCU ALSO HIRED AN INDEPENDENT THIRD PARTY COMPENSATION FIRM CALLED BALANCE COMP TO REVIEW EMPLOYEE COMPENSATION BY COMPARING COMPENSATION LEVELS TO THAT OF SIMILAR ORGANIZATIONS IN THE MARKET. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS ARE POSTED ON THE WEBSITE, WWW.AHCU.NET, AND ARE PROVIDED UPON WRITTEN REQUEST TO THE GENERAL PUBLIC. THE FINANCIAL STATEMENTS ARE POSTED MONTHLY IN ALL OFFICES, AND ARE AVAILABLE QUARTERLY ON THE NCUA'S WEBSITE, WWW.NCUA.GOV. |
| Software ID: | |
| Software Version: |