Evergreen Credit Union

“Line 6 explanation - membership is obtained by anyone making the minimum requirement deposit in the credit union.”

“Line 7a explanation - board of directors is comprised of members elected by the credit union members.”

“Line 7b explanation - certain actions of the board require a vote by the membership.”

“A formal review by the entire governing body was not deemed necessary. A formal review by the ceo and cfo is performed.”

“In signing the conflict of interest policy, officers agree to disclose any related items. The organization is small and therefore senior management is aware of all contracts with third parties. Therefore, any conflict would be easily identified and avoided. If the board member wanted to pursue a business relationship they would be required to resign from the board.”

“Compensation for the c.e.o. Is reviewed by the compensation committee of the board. Goals are set each year and c.e.o. Is measured based on these goals. Compensation range is based on third party vendor ranges for similar institutions. Other officers and key employees are reviewed by their supervisor based on established credit union review process.”

“The governing documents and policies of the organization are made available upon request. The financial statements are posted in the lobby monthly.”

“Student loan fees: program service expenses 12,619. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,619. Atm expenses: program service expenses 670,284. Management and general expenses 0. Fundraising expenses 0. Total expenses 670,284. Data processing fees: program service expenses 295,437. Management and general expenses 0. Fundraising expenses 0. Total expenses 295,437. Professional & outside services: program service expenses 503,052. Management and general expenses 0. Fundraising expenses 0. Total expenses 503,052.”