St Mary'S Bank Credit Union

“The Credit Union's members have rights to elect the members of the governing body. Dividends on members' shares are based on available earnings at the end of a dividend period and are not guaranteed by the Credit Union.”

“Members of the Credit Union have the right to elect one or more members of the organization's governing body, whether periodically, or as vacancies arise, or otherwise.”

“The CFO/Treasurer will review Form 990 for accuracy and reasonableness. The Supervisory Committee will review and approve the Form 990 and then provide a copy to the Board of Directors for their review, prior to filing.”

“New employees are required to acknowledge that they have read and understand this policy. As updates to the policy occur, all SMB employees are required to acknowledge that they have read and understand the revised policy as applicable. In addition, the CAO sends out an annual "All Employee" communication reminding employees to use the review process for any situations that might be perceived as questionable.”

“SMB uses a third party vendor approved by the Board of Directors to set market based salary ranges for each position in the credit union. The vendor also makes recommendations regarding annual market increases each year. SMB's Board of Directors approves salary ranges for each year. The Board also approves the budget which contains merit increases for each year.”

“The financial statements for St. Mary's Bank Credit Union are distributed to all members who attend the annual meeting and also made available to the public upon written request. The governing documents are available upon request. All requests for the conflict of interest policy are referred to the marketing department to assess any potential public relations issues.”

“Net defined benefit pension costs adjustments 2,265,000.”

“There has been no change in the audit oversight process of the audit committee.”