Peopleschoice Credit Union

“We expanded our field of membership to include an additional 7 counties in the state of maine. We can now serve 9 total counties in the state.”

“The members have a vote during the annual meeting to appoint the board of directors to the credit union but the board of directors makes most significant decisions once elected. The members receive monthly dividends based on share accounts. Members do not receive any distributions, profits, or net assets upon dissolution.”

“All members have a vote during the annual meeting to appoint the board of directors for the credit union, regardless of their membership balance.”

“Most decisions are made by the board of directors. The only decision the members would vote on is the election of the board of directors and approval of any mergers with another institution that would have been based on a decision by the board of directors to have a vote.”

“The president of the credit union reviews the 990 before filing.”

“The credit union's policy is within various policies. Employees with the ability to originate loans are not able to do so to themselves or for any family members. All loans go through a closing checklist to ensure proper approval and the new loan report is reviewed by a compliance officer as well as presented to the board of directors monthly. Employees are also restricted from performing any transactions on their accounts, or family member accounts; employees cannot make any changes to their accounts and would need another employee to do so. The file maintenance report is reviewed daily to review any changes to employee accounts.”

“The credit union uses koker goodwin & associates, inc., a compensation and performance consultant group out of wichita, ks.”

“No documents available to the public.”

“We implemented a new youth focused program, called the boost program.”

“Pension liability adjustment 235,293.”