River Valley Credit Union

“Entity is a credit union with 15,670 members.”

“The members of rvcu elect at least one member of the board of directors”

“Entity wide decisions including election of officers, merger and acquisition, and changes to by-laws or governing documents would require membership approval.”

“Form 990 is reviewed by the ceo and cfo prior to filing. Filing is reported to the board of directors and made available for review.”

“Related party questionnaires are completed by directors annually to determine any conflicting interests.”

“Ceo compensation is reviewed and approved by a compensation committee of the board of directors. Officer compensation is initiated and approved by the ceo and considered by the board in annual budget reporting.”

“Rvcu makes its documents available to the public by request with the exception of the financial statements which are posted in each branch lobby.”

“Deborah carpenter - 190 canoe brook road, e dummerston, vt 05346. Phillip crowley - po box 284, chesterfield, nh 03443. Russell farrar - 2618 flamstead road, chester, vt 05143. James bedard - 186 maple street, brattleboro, vt 05301. Larry kraft - 12 pinebrook lane f-8, n. Springfield, vt 05150. Leslie morey - po box 1580, brattleboro, vt 05302. Arthur snarski - 22 homestead drive, east dummerston, vt 05346. Samantha bovat - 270 hill road, brookline, vt 05345. Richard carroll - 93 southern heights drive, vernon, vt 05354.”

“Postage : program service expenses 97,825. Management and general expenses 0. Fundraising expenses 0. Total expenses 97,825. Deposit services expense : program service expenses 75,678. Management and general expenses 0. Fundraising expenses 0. Total expenses 75,678. Telephone : program service expenses 63,558. Management and general expenses 0. Fundraising expenses 0. Total expenses 63,558. Ncua insurance assessment : program service expenses 55,043. Management and general expenses 0. Fundraising expenses 0. Total expenses 55,043. Collection costs : program service expenses 50,876. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,876. Dues/subscriptions : program service expenses 50,561. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,561. Armored car & currier : program service expenses 25,552. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,552. Statement services : program service expenses 22,300. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,300. Donations : program service expenses 22,102. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,102. Gain(loss) on disposal of asset : program service expenses 20,506. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,506. Board/committee costs : program service expenses 19,920. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,920. Atm costs : program service expenses 17,600. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,600. Meal expenses : program service expenses 14,603. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,603. Credit bureau costs : program service expenses 12,792. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,792. Payroll fees : program service expenses 12,711. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,711. Conference expense : program service expenses 9,165. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,165. Vermont exam. Fees : program service expenses 7,920. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,920. Annual meeting expenses : program service expenses 3,223. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,223. Training : program service expenses 2,830. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,830.”

“The organization has not changed its oversight process or selection process during the tax year.”